Govt extends subsidy on cooking gas by a year at Rs 12,000 crore cost

Rate this post




India imports about 60% of its liquefied petroleum gas requirement and LPG prices globally have surged more than 300% since April 2020

The Union Cabinet on Thursday approved the continuation of Rs 300 targeted subsidy to PM Ujjwala Yojana Consumers for 2024-25.

Talking to reporters after a meeting of the union cabinet, Commerce and Industry Minister Piyush Goyal told reporters that the beneficiaries will get the subsidy directly in their accounts.

The total expenditure for 2024-25 is expected to be Rs 12,000 crore.

Goyal said the decision has come a day before the International Women’s Day.

The Union Cabinet had in September last year approved the extension of Pradhan Mantri Ujjwala Yojana for release of 75 lakh LPG connections over three years from 2023-24 to 2025-26. Provisioning of 75 lakh additional Ujjwala connections will take the total number of PMUY beneficiaries to 10.35 crore.

Pradhan Mantri Ujjwala Yojana (PMUY) was started in May 2016 with an objective to provide clean cooking fuel to poor households across the country. Under PMUY, a deposit-free LPG connection is provided to adult women from poor households.

Watch: Cabinet briefing by Union Minister Piyush Goyal




Source link

Visit www.cagurujiclasses.com for practical courses

Pooja Gupta

CA Pooja Gupta (CA, ISA, M.com) having 15 years of experience. Educator and Digital Creator

Disclaimer:- The opinions presented are exclusively those of the author and CA Guruji Classes. The material in this piece is intended purely for informational purposes and for individual, non-commercial consumption. It does not constitute expert guidance or an endorsement by any organization. The author, the organization, and its associates are not liable for any form of loss or harm resulting from the information in this article, nor for any decisions made based on it. Furthermore, no segment of this article or newsletter should be employed for any intention unless granted in written form, and we maintain the legal right to address any unauthorized utilization of our article or newsletter.

CA Pooja Gupta (CA, ISA, M.com) having 15 years of experience. Educator and Digital Creator

Leave a Comment