Don’t miss the latest developments in business and finance.

Saved Rs.15,000 crore on cooking gas: Modi

Image
IANS New Delhi
Last Updated : Aug 15 2015 | 9:42 AM IST

Prime Minister Narendra Modi on Saturday said over Rs.15,000 crore had been saved due to introduction of direct benefit transfer in cooking gas subsidies.

The prime minister, in his speech from the Red Fort, also said that so far 20 lakh people had given up their LPG gas subsidy under the "Give it Up" movement.

"We got the LPG gas subsidy under direct cash benefit transfer... We used the Jan Dhan Yojana and Aadhar cards... Because of this middlemen and black marketeers have been hit," he said.

"We corrected the system and Rs.15,000 crore, which was stolen every year in the name of gas subsidy, has been saved," Modi said.

Modi also mentioned the idea propagated by him for economically well-off families to give up cooking gas subsidy.

More From This Section

First Published: Aug 15 2015 | 8:32 AM IST

Next Story