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Aadhaar card must for LPG subsidy after November 2016

The Union Government has made Aadhaar card mandatory for availing cooking gas (LPG) subsidies after November 2016.

In this regard, the Union Petroleum Ministry has asked Oil marketing companies (OMCs) to facilitate enrollments of Aadhaar of the consumers to avail the subsidy.

Currently, the government gives 12 LPG cylinders at subsidised rates per household in a year. The subsidy on every LPG cylinder is transferred directly into bank accounts of individuals who then buy the cooking fuel at market rates.

Why there is need of Compulsory Aadhar?

The LPG subsidy is an expenditure incurred from Consolidated Fund of India. The use of Aadhaar as identifier for delivery of government services/subsidies/ benefits will simplifies the delivery processes of government. It will also bring in transparency and efficiency in the delivery processes by plugging leakages and enable beneficiaries to get their entitlements from Government directly to them without any middlemen.

About Aadhaar

Aadhaar is a 12-digit unique number which acts as a proof of identity and address anywhere in the country. It is considered as the world’s largest national identification project. Its objective is to collect the biometric and demographic data of residents, store them in a centralised database. The unique number is issued by the Unique Identification Authority of India (UIDAI).

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Jharkhand becomes first state to implement DBT in Kerosene

Jharkhand has become the first state in the country to implement Direct Benefit Transfer (DBT) in Kerosene Scheme.

The scheme is being implemented in four identified districts of the state from 1st of October 2017. These districts are Chatra, Hazaribagh, Khunti and Jamtara.

About Direct Benefit Transfer in Kerosene (DBTK) scheme

  • Under the DBTK scheme, PDS kerosene will be sold at non-subsidised price and the subsidy will be directly transferred to consumers directly into their bank accounts.
  • This initiative was launched by Union Petroleum and Natural Gas Ministry on the lines of a similar DBT programme for LPG subsidy.
  • It aims at rationalising subsidy based on the approach to cut subsidy leakages but not the subsidy.
  • It will give priority to eliminate subsidized Kerosene from supply chain for better targeting of beneficiaries.
  • It also seeks to eliminate pilferage and black-marketing and cut down adulteration of the Kerosene, a cheap cooking and lighting fuel with diesel.

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Union Cabinet gives approves Varistha Pension Bima Yojana, 2003 and Varistha Pension Bima Yojana, 2014

The Union Cabinet has given its ex-post facto approval for the Varishtha Pension Bima Yojana (VPBY) 2003 and Varistha Pension Bima Yojana (VPBY) 2014.

The Cabinet also granted approval for expenditure incurred on subsidy amount released to LIC for the both schemes.

Key Facts

  • VPBY was launched on 14th July, 2003 and was open till 14th August, 2015 and VPBY was launched on 14th August, 2014.
  • Both the schemes are closed for future subscriptions. These schemes were implemented through Life Insurance Corporation of India (LIC).
  • Both are pension schemes intended to give an assured minimum pension to Senior Citizens based on an assured minimum return on the subscription amount.
  • The pension is envisaged until death from the date of subscription, with payback of the subscription amount on death of the subscriber to the nominee.
  • The difference between the actual yield earned by LIC on the funds invested under the schemes and the assured return committed by Union Government is paid as subsidy to LIC.
  • The policies sold during currency of policy are being serviced as per the guaranteed 9% return assured by the Government.
  • As of March 2016, a total number of 3,17,991 annuitants are being benefited under VPBY 2014. Similarly, 2,84,699 annuitants are being benefited under VPBY- 2003.

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