Deputy Chief Minister Devendra Fadnavis explained the reason behind refusing the demand for the old pension scheme saying that it would cause an additional annual burden of Rs 1.10 lakh crore. “The old scheme was stopped in 2005. If we spend this much money, the state will go bankrupt. Even the MVA government had decided against it and their decision was correct,” he said.

Also Read: Maharashtra: Congress criticises Eknath Shinde govt over restoration of Emergency pension scheme

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Speaking about grants to schools, he said that there were around 3,500 schools which have been availing assistance from the government and added that it would not be possible to add more schools under the scheme. 

Sources said that the Congress was persistent in demanding revival of the old pension scheme when MVA was in power. This was one of the sops the party had promised in its poll agenda which played a significant role in its win in Uttarakhand. However, senior NCP leader Ajit Pawar, who headed the finance department during MVA rule, was against the move.