The transfer mechanism will be the NPCI’s Aadhaar Payment platform.
The Government, official sources said, has decided to launch “Direct Benefit Transfer (DBT) for LPG throughout the country tentatively from October 1”.
As on date, about 32 crore Aadhaar cards have been issued by UIDAI, only 80 lakh bank accounts have linked to the unique identity numbers so far. Of course, all the 32 crore Aadhaar number holders need not be LPG consumers. However, back of the envelope calculations show at least 30% of the present Aadhaar number holders are also LPG consumers.
Hence, in government officials view, the 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, as otherwise there would be chances of anger amongst the people.
A consumer will have to get his or her bank account seeded with Aadhaar number for getting the LPG subsidy. The annual subsidy per consumer is estimated at Rs 4,000. The supply of subsidised LPG cylinder has been capped at 9 cylinders per year for a consumer.
Under a pilot project for LPG subsidy transfer, 20 districts in the country will be covered by May 15.
While the exact procedure to transfer the subsidy is being worked out, it is expected that subscribers will have to buy the LPG bottle at prevailing market price (currently Rs 901.50 per 14.2-kg cylinder in Delhi) and subsequently the subsidy amount will be transferred to the bank account.
The Finance Ministry officials are closely working all the stakeholders in speeding up the process of linking accounts with Aadhaar.
- Around 3,858 Aadhaar Cards Don’t Have Human Photos: Report (medianama.com)
- Moily meets FM, says govt working on extending DBT to LPG (news.in.msn.com)