 "Moily announces DBT scheme for LPG customers")
Petroleum Minister M Veerappa Moily has announced Direct Benefit Transfer (DBT) scheme for LPG customers today.
The government was supposed to implement the DBT for LPG in a phased manner beginning with one district by May 15.
The scheme will be extended to all over the country when beneficiaries will get their Aaadhar numbers and it will ne linked to their bank account.
Currently, state-owned oil firms sell domestic cooking gas at a highly subsidised rate of Rs 410.50 per 14.2-kg cylinder.
When DBT is implemented, the government will transfer the Rs 435 per cylinder subsidy to consumers directly instead of giving it to oil companies.
Consumers are entitled to get 9 cylinder of 14.2-kg each at the subsidised rate in a year. Each consumer will get a little less than Rs 4,000 annually but will have to buy LPG at market price.
The government was supposed to implement the DBT for LPG in a phased manner beginning with one district by May 15.
The scheme will be extended to all over the country when beneficiaries will get their Aaadhar numbers and it will ne linked to their bank account.
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Once implemented, the government will transfer close to Rs 4,000 to every household annually to enable people to buy 9 cylinders of LPG at market price.
Currently, state-owned oil firms sell domestic cooking gas at a highly subsidised rate of Rs 410.50 per 14.2-kg cylinder.
When DBT is implemented, the government will transfer the Rs 435 per cylinder subsidy to consumers directly instead of giving it to oil companies.
Consumers are entitled to get 9 cylinder of 14.2-kg each at the subsidised rate in a year. Each consumer will get a little less than Rs 4,000 annually but will have to buy LPG at market price.