National Research Professorship, NRP is short, is a scheme under the Ministry of Human Resource Development. It was introduced in the year 1949. A couple of years after India’s Independence. In the beginning, the monthly honorarium was 2,500 (two thousand five hundred only). The honorarium was revised in 1998-99 and in 2009. Both revisions were done considering the rate of inflation and depreciation in rupee’s value. For instance, in 1948, one could buy 1 dollar for less than Rs 4.
As per the official website of Ministry of HRD, “Government of India had instituted the scheme of National Research Professorship in 1949 to honour distinguished academics and scholars in recognition of their contribution to knowledge. Persons of real eminence, who have attained the age of 65 years and have made outstanding contributions in their respective fields and are still capable of productive research, are considered for appointment as National Research Professors.”
As per the scheme, the beneficiary gets a monthly honorarium of Rs. 75,000. Prior to 1st April 2009, the honorarium amount was Rs 25000 only. As per the press release, the amount was enhanced in April 2009.
A monthly pension is Rs 25,000 (revised from 9000 to 25000 in April 2009) and a contingency grant of Rs 1,00,000 is annually disbursed to the beneficiary. The annual contingency grant was also revised from 50,000 to 1,00,000 in April 2009.
The income is exempted from Income Tax under Section 10(17A) of the Income Tax Act, 1961.
This Professorship was initially awarded for 5 years and then the second term of 5 years. Lifetime pension was granted after the first or second five-year term.