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Saturday, April 6, 2013

LPG Cylinder Direct Cash Transfer To Bank Account From May 2013

LPG Cylinder Direct Cash Transfer To Bank Account From May 2013




AFTER initial hiccups, the Government on Friday decided to transfer cash subsidy to domestic cooking gas (LPG) consumers under it sambitious Direct Benefit Transfer (DBT) scheme soon and will cover 20 districts by May 15.
LPG consumers will get about Rs 4,000 per annum in cash from the Government, and they will have to then buy LPG at market price of Rs 901.50 per 14.2-kg cylinder.
Currently, each consumer is entitled to get 9 cylinders of 14.2-kg each at subsidised price of Rs 410.50. On each of these cylinder Government bears a subsidy Rs 435.
Beginning next month, consumers in select districts will get this subsidy amount transferred into their bank accounts. Once they get the subsidy, they will have to buy LPG at market price.
The decision to roll out the DBT on LPG cylinders in a phased manner was taken at a high powered meeting headed by Prime Minister Manmohan Singh.
"There will he a phased roll out beginning with one district and expanding to 20 districts by May 15, 2013. Roll oui will cover more districts as Aadhaar enrolment expands." said an official release, adding that the Oil Ministry is working on roll out of the scheme.
There are about 14 crore LPG consumers in the country.
The Government has already capped the number of subsidised cylinders at six per household per year and beyond that a consumer has to pay the market price. However, some of the state governments arc providing more subsidised cylinders and bearing the burden themselves.
"The subsidy amouni will be iraas-fcrred to consumers directly into their bank accounts. With the subsidy going directly, there will he only one price at which cylinders will be sold at a dealer's shop." the release said. DBT. it added, will eliminate all ghost connections and diversion of cylinders. The scheme will be expanded to include post offices from October. 1 2013.

Important Points of LPG 2013: 

• Consumers will get about Rs 4,000 per annum in cash from the Government, and they will have to then buy LPG at market price of Rs 901.50 per 14.2-kg cylinder
• Currently, each consumer is entitled to get 9 cylinders at subsidised price of Rs 410.50. On each of these cylinder Government bears a subsidy Rs 435.
• Consumers will get subsidy amount transferred into their bank accounts.
• Once they get the subsidy, they will have to buy LPG at market price In phase II beginning July 1, the
scheme will be extended to 78 more districts

1 comment:

Anonymous said...

Let a Law be made so that any data collected for this purpose can be used only by the government for only the purpose for it needs to be utilized and no other purpose and let any person or entity transferring this data to any other person or entity be strictly punished for it, otherwise let this scheme be discarded.

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