Kumari Palany & Co

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LPG subsidies to be credited into bank accounts

Posted on: 29/Apr/2013 5:20:43 PM
The government has launched the ‘Direct Benefit Transfer (DBT) for LPG’ through which it plans to provide a subsidy of Rs. 14 crores to LPG subscribers, directly to their bank accounts. The scheme will use the details of the Aadhar card for the purpose. Finance Minister P. Chidambaram, Planning Commission Deputy Chairman Montek Singh Ahluwahlia, Petroleum Minister Veerappan Moily and Rural Development Minister Jairam Ramesh will meet state officials to take this further.

An official said, ‘This (transfer of LPG subsidy) would require a much larger number of beneficiaries to be covered for opening of bank accounts and linked to Aadhaar and banks have been asked to get ready for the launch.’

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