Direct cash transfers for LPG to start today | business | Hindustan Times
Today in New Delhi, India
Feb 24, 2017-Friday
New Delhi
  • Humidity
  • Wind

Direct cash transfers for LPG to start today

business Updated: Nov 15, 2014 00:52 IST
HT Correspondent
HT Correspondent
Hindustan Times
Madhya Pradesh

Starting Saturday, consumers of subsidised liquefied petroleum gas (LPG) in 54 districts of 11 states — Andhra Pradesh, Daman and Diu, Goa, Himachal Pradesh, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Puducherry, Punjab and Telangana — will start getting cash subsidy in their bank accounts so that they can buy the cooking gas at market price as per the Direct Benefits Transfer of LPG (DBTL) scheme.

Cash equivalent to the difference between the current subsidised rate and the market price is transferred to the bank account of a consumer the moment he or she makes the first booking for a cylinder after joining the scheme.

After the consumer takes delivery of the cylinder, another advance cash subsidy is transferred to the bank account.

“Consumers who had joined the scheme earlier and had received cash subsidy in their bank accounts do not need to do anything further. To confirm this, they should check their CTC (cash transfer compliant) status on,” an official statement said.

It said consumers who do not have Aadhaar number can receive the subsidy directly in their bank account. “However, as and when they get Aadhaar they may have to shift to Aadhaar-based cash transfer.”

“Consumers who have not registered their CTC will get a three-month grace period during which they will receive the cylinders at subsidised rate. After that, they will get an additional 3 month as parking period, in which they will have to buy cylinders at the market rate. If the consumer joins the scheme within this period, the subsidy as per entitlement and consumption during the period will be transferred to the bank account,” it said. “The government has comprehensively reviewed the scheme and after examining the difficulties substantively modified it scheme prior to launch.”

The plan was launched by the UPA government in June 2013 but was stopped earlier this year following court orders. The scheme has been modified to exclude the requirement of Aadhaar for availing the cash subsidy.