LPG subsidy to be directly remitted to bank accounts from June 1

11:57 AM, Thursday, May 30th, 2013

LPG subsidyNew Delhi :  LPG Consumers in 18 districts  will get  the LPG subsidy of Rs 435 directly in their bank accounts with effect from June 1 whenever they book an LPG cylinder as part of the government scheme of  direct benefit transfer programme with an objective to cut its fuel subsidy.

Union Minister for Petroleum Veerappa Moily will launch the scheme in Mysore  on June 1,  while Lakshmi  Panabaka, Minister of State for Petroleum and Natural Gas  will launch the scheme in Hyderabad, her home state.

Consumers in 18 districts like North Goa and Pondicherry will get Rs 435 in their bank accounts every  time they book for an LPG refill.They will have to then buy cooking gas at market price which is double the rate. The  scheme will be implemented in 20 district initially and will be extended to other  districts on the basis of the results.

After three months  only consumers having Aadhaar and banks accounts linked to them will get cash subsidy and  will have to buy LPG at market price.

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