With an eye on the Lok Sabha polls, the BSP government on Wednesday provided financial relief to people in rural and urban areas. The decisions were taken at the cabinet meeting chaired by Uttar Pradesh Chief Minister Mayawati on Wednesday.
In order to provide succour to the rural masses the cabinet approved one-time settlement scheme in the electricity bill arrears. The decision would help small farmers owing tube wells and rural domestic consumers.
In another decision, seven per cent stamp duty on registration on properties would continue for another six months. While five per cent goes to the government, one per cent each goes to urban development agencies in the state.
The government said electricity bill arrears settlement scheme would help around eight lakh tube well owners and 43 lakh domestic consumers in rural areas. Under the scheme, the farmers would be able to get 35 per cent relief in their bills pending till March 31, 2008.
Sources said the UP Power Corporation was to collect Rs 8,414 crore till September 2008 from rural areas. The government is expected to mobilise additional revenue of Rs 150 crore under the scheme.
The extension in stamp duty for registration has been given in view of the state government’s commitment to the Centre under the Jawaharlal Nehru National Urban Renewal Mission.
Under the Union government’s scheme, the stamp duty had been brought down from 10 per cent to seven per cent with the aim to stop evasion of tax. However revenue collection was not as per expectations. But the government has extended the relief for another six months.