Who will get it, how much will you get; Know the latest price
To relieve households reeling from high inflation, including record cooking gas prices, the government has announced that it will provide an LPG subsidy to the poor for 12 bottles in one year. The announcement was accompanied by another decision to cut taxes on petrol and diesel prices. Here are details on who will receive the GPL grant and how much:
The announcement of the LPG subsidy: the last price of a bottle
Finance Minister Nirmala Sitharaman said in a tweet on Saturday: “We will give grant of Rs 200 per gas cylinder (up to 12 cylinders) to over nine million beneficiaries of Pradhan Mantri Ujjwala Yojana. This will help our mothers and our sisters. This will have a revenue implication of around Rs 6,100 crore per annum.
Currently, all users, including Ujjwala Yojana beneficiaries, buy LPG cylinders at market price after the subsidy was removed in June 2020. A 14.2 kg LPG cylinder costs Rs 1,003 in the capital national. Now, after the latest government decision, for beneficiaries of Pradhan Mantri Ujjwala Yojana, a subsidy of Rs 200 per cylinder will be directly credited to their bank accounts and the effective price for them would be Rs 803 per 14.2 kg cylinder.
What is Pradhan Mantri Ujjwala Yojana (PMUY)? Eligibility, Benefits
In May 2016, the Ministry of Petroleum and Natural Gas introduced the PMUY as a flagship program with the aim of making clean cooking fuels, such as LPG, available to rural and poor households that otherwise used cooking fuels. traditional cooking methods such as firewood, charcoal and cow dung patties. The use of traditional cooking fuels has negative effects on the health of rural women as well as on the environment.
As of April 25, around 9.17 crore of GPL connections had been released under the program, according to the PMUY website.
Persons eligible to obtain a GPL connection under the Pradhan Mantri Ujjwala Yojana include adult women belonging to SC households, ST households, Pradhan Mantri Awas Yojana (Gramin), most backward classes, Antyodaya Anna Yojana (AAY), tea and ancient tea garden tribes, forest dwellers, people residing in islands and river islands, SECC households (AHL TIN), poor household according to the 14-point declaration. The applicant must have reached the age of 18. There must be no other GPL connections in the same household.
Cash assistance for PMUY connections is provided by the Government of India. All PMUY beneficiaries will receive a first refill of LPG and a stove (hot plate) free of charge as well as their connection without deposit by the petroleum marketing companies (OMC).
The inflation scenario
Prices of various items in India have risen, pushing retail inflation to 8-year highs. Inflation based on the Consumer Price Index (CPI), which the RBI takes as its benchmark when deciding monetary policy, in April 2022 hit an eight-year high of 7.79 percent. It is compared to 4.23% in April 2021 and 6.97% in March 2022. Food basket inflation rose to 8.38% in April, from 7.68% the previous month and 1.96% the month of the previous year. .
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