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LATEST NEWS UPDATES | LPG subsidy amount to be deposited 3-4 days after booking

LPG subsidy amount to be deposited 3-4 days after booking

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published Published on May 31, 2013   modified Modified on May 31, 2013
-The Times of India

 

HYDERABAD: The Centre has finally made clear how the direct cash transfer of LPG subsidy would take place in Hyderabad, Rangareddy, Anantapur, Chittoor and East Godavari districts from June 1.

Consumers, who have already linked their Aadhaar number to their bank account and LPG consumer number, will receive their LPG subsidy directly into their Aadhaar-linked bank account within 3-4 days of booking the cylinder. The consumer will then have to purchase the cylinder at the prevailing market price using the advanced subsidy. The second subsidy amount will thereafter be credited to the bank account on the receipt/delivery of the first cylinder. The process will continue for a maximum of 9 cylinders in a year.

Those consumers who are yet to link their Aadhaar number to their bank account will get a grace period of three months from June 1, 2013 to August 31, 2013, during which they will get the LPG cylinder at the subsidized rate. Thereafter, once the Aadhaar number is linked to the bank account, the subsidy amount will be credited to the bank account. However, if they still fail to link-up their Aadhaar with LPG, the consumers will have to purchase cylinder at the prevailing market price after the grace period.


The Times of India, 31 May, 2013, http://timesofindia.indiatimes.com/city/hyderabad/LPG-subsidy-amount-to-be-deposited-3-4-days-after-booking/articleshow/20356736.cms


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