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Soon, LPG subsidy to be transferred to your bank a/c

In order to get the LPG subsidy, a consumer will have to get his savings bank account linked with Aadhaar number

April 29, 2013 2:36 IST | India Infoline News Service
Using the Aadhaar payment platform, the government plans to provide subsidy to 140 million LPG subscribers directly in their bank accounts tentatively from October 1.

The government has decided to launch direct benefit transfer (DBT) for LPG throughout the country.

In order to get the LPG subsidy, a consumer will have to get his savings bank account linked with Aadhaar number.

The annual subsidy per consumer is around Rs. 4,000. The supply of subsidised LPG cylinder has been limited to nine cylinders per year for a consumer.

Currently, subscribers will have to buy the LPG cylinder at the current market price which is around Rs. 901.50 per 14.2-kg cylinder in Delhi and subsequently the subsidy amount will be transferred to the bank account.

Under the DBT scheme, subsidies and other benefits are transferred directly into the Aadhaar linked bank account of the beneficiary.



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