DBT subsidy on LPG: Rs 4.95 crore already disbursed
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DBT subsidy on LPG: Rs 4.95 crore already disbursed

Last Updated: Thursday, June 06, 2013, 19:36
 
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DBT subsidy on LPG: Rs 4.95 crore already disbursed
New Delhi: Six days into the launch of Direct Benefit Transfer (DBT) on LPG, government has disbursed subsidy to the tune of Rs 4.95 crore on transactions of around one lakh and Rs 40 crore are expected to be disbursed with the coverage of one million transactions by the month-end.

Under the scheme, all LPG consumers with Aadhaar numbers and whose bank accounts are seeded with Aadhaar numbers are given an advance amount of Rs 435 per cylinder booked, immediately on booking.

The amount is credited automatically in their accounts, a PMO statement said here today.

The beneficiaries are be supplied LPG cylinders at the market price and the net effect on them is nil as their net cash outflow is equal to the subsidised price of an LPG cylinder, it said.

The Direct Transfer of LPG subsidy to the bank accounts of LPG consumers began on June one in 18 districts.

"In the first three working days of June, over one lakh LPG consumers who have booked cylinders have received the advance. Till the evening of June four, 1.145 lakh DBT transactions amounting to Rs 4.95 crore were transacted.

"Almost 30,000 DBT transactions are being executed every day. The failure rates are below 0.5 percent," the statement said.

The PMO said it is expected that as bank seeding with Aadhaar numbers picks up, the number of transactions per day would rise.

"Even at the current rate, almost one million LPG subsidy transactions through DBT could be completed in June, 2013, involving a transfer of over Rs 40 crore," it said.

Consumers who do not have Aadhaar seeded bank accounts continue to get LPG cylinders at subsidised rates.

They have been given a short period of time for seeding their bank accounts with Aadhaar numbers, the PMO statement said.

Oil Marketing Companies are making renewed efforts to collect the bank account details of LPG consumers to be given to banks for seeding, it added.

While the programme was formally launched in Tumkur district of Karnataka, the direct transfer began in 18 districts simultaneously on the midnight of June 1.

The districts are Anantapur, Chittor, East Godavari, Hyderabad, Rangareddy, Diu, North Goa, Bilaspur, Hamirpur, Una, Tumkur, Pathanamthitta, Waynad, Wardha, Puducherry, Nawan Shehar, Khandwa and Harda.

The districts where LPG subsidy through DBT has been introduced have almost 60 lakh LPG consumers.

PTI


First Published: Thursday, June 06, 2013, 19:36


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