LPG Subsidy Likely To Be Deposited in Bank Accounts from October 1
On the basis of Aadhaar Payment Platform, the government plans to deposit subsidy amount to 14 crore LPG subscribers directly in their bank accounts tentatively from October 1.
A consumer will have to get his or her savings bank account linked with Aadhaar number for getting the LPG subsidy.
The annual subsidy per consumer is estimated at Rs 4,000. The supply of subsidized LPG cylinder has been capped at 9 cylinders per year for a consumer.
Under a pilot project for LPG subsidy transfer, 20 districts in the country will be covered by May 15.
Subscribers will have to buy the LPG cylinder at prevailing market price (currently Rs 901.50 per 14.2-kg cylinder in Delhi) and subsequently the subsidy amount will be directly transferred to the bank account.
The government expects that the Direct Bank Transfer will eliminate all ghost and fake LPG connections and diversion of cylinders.
Under the DBT scheme, subsidies and other benefits are transferred directly into the Aadhaar linked bank account of the beneficiary.