LPG subsidy in bank A/Cs from oct 1

LPG SUBSIDY in bank A/Cs from oct 1


Good news 14cr in dbt for lpg A shopper can got to get his or her checking account seeded with Aadhaar range to induce the LPG grant capital of India, Gregorian calendar month 28: the govt plans to supply grant to fourteen large integer LPG subscribers directly in their bank accounts from Oct one, exploitation the Aadhaar payment platform.

The government, official sources aforementioned, has determined to launch “Direct profit Transfer (DBT) for LPG throughout the


country tentatively from Oct 1″. “This (transfer of LPG subsidy) would need a far larger range of beneficiaries to be coated for gap of bank accounts and joined to Aadhaar and banks are asked to induce prepared for the launch,” aforementioned one official.
A shopper can got to get his or her checking account seeded with Aadhaar range for obtaining the LPG grant.

The annual grant per shopper is calculable at `4,000. the availability of supported LPG cylinder has been capped at 9 cylinders per annum for a shopper.While concerning thirty two large integer Aadhaar cards are issued by UIDAI, solely eighty 100000 bank accounts have joined to the distinctive identity numbers thus far.

Under a test for LPG grant transfer, twenty districts within the country are going to be lined by could fifteen.
While the precise procedure to transfer the grant is being puzzled out, sources aforementioned subscribers can need to get the LPG bottle at prevailing market value (currently `901.50 per 14.2-kg cylinder in Delhi) and later the grant quantity are going to be transferred to the checking account.
The finance ministry has asked the general public sector banks to hurry up the method of linking accounts with Aadhaar.
The government expects that the DBT can eliminate all ghost LPG connections and diversion of cylinders.
Under the DBT theme, subsidies and alternative edges area unit transferred directly into the Aadhaar joined checking account of the beneficiary.

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