LPG subsidy through DBT begins at a rapid rate in India

About Rs. 1.64 crore LPG subsidy amount were transferred into the Aadhaar linked bank accounts of 37,663 LPG consumers on the first day of the launch of Direct Benefit Transfer (DBT) scheme in 18 districts of the country from June 1. Transfer of subsidy into the accounts of the same numbers of consumers is expected on the second day as well. A top official from Oil and Petroleum Ministry informed that the subsidy amount of one LPG cylinder has been transferred in advance into the bank accounts of the consumers. The amount of subsidy on one LPG cylinder is Rs. 435. From the next time the subsidy amount will be transferred into the account of the consumer only after booking of the refill of the LPG cylinder but the consumer has to purchase the cylinder at market price.

The government in a statement has informed that about 1 lakh LPG consumers from 18 districts have been credited their bank accounts with the LPG subsidy amount in the first three days of the scheme launch. The statement also informed that about 30000 DBT transactions are processed daily. About Rs. 4.95 crore LPG subsidy amount were credited into bank accounts till evening of June 4. The transfer of this huge sum required 1.145 lac DBT transactions with a failure rate of below 0.5%.

This concession is only for nine cylinders a year. Ministry believes that soon about 67 lac LPG consumers will get benefits of the DBT scheme. LPG consumers in these districts have been given a time period of three months to link consumer number with Aadhaar number and bank accounts. They have to update it by September 1. There are about 14 crore LPG consumers in the country.

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