Rs 10 crore transferred through DBT of LPG
The Direct Benefit Transfer (DBT) of LPG which was launched in 18 districts of the country has successfully disbursed a subsidy of Rs 435 to each of 250,000 households within the first week of its launch.
Under the scheme launched on June 1, LPG consumers get Rs 435 in their bank accounts when they book an LPG cylinder. They are then expected to use this cash subsidy to buy a LPG refill at market price which is roughly the double of Rs 410 per 14.2-kg subsidized rate in Delhi.
The government intends to expand the scheme to rest of the country before the end of the year but wants to see results in the 20 districts first. The districts selected have high Aadhaar unique identification number penetration.
The scheme is expected to save government’s Rs 8,000-10,000 crore in LPG subsidy annually after the scheme is extended throughout the country.
Tags: Current Affairs 2013