Sunday, 24 January 2016

Subsidy in Kerosene

Subsidy in kerosene, direct benefit transfer of subsidy in kerosene, dbt in kerosene, dbt of subsidy in kerosene, kerosene subsidy, direct transfer of kerosene subsidy

Central Government is launching direct benefit transfer of subsidy in kerosene from 1 April 2016 is to ensure that genuine beneficiaries get benefit preventing illicit diversion.

Eight State Governments till now came forward to implement DBT in kerosene in selected districts.

Central Government to encourage States to launch DBT of subsidy in kerosene and announced States will be given 75% subsidy savings in first two years in cash. It will get reduced to 50 in the third year and 25% in the fourth year.

In States where DBT for Kerosene is launched the consumer will pay the unsubsidised price for it at the time of purchase and the amount of subsidy will be directly transferred to the bank account of the beneficiary.

In order to avoid inconvenience  to beneficiary through payment of unsubsidized price subsidy will be credited to eligible beneficiaries in advance during initial purchase.

Subsidy in kerosene, direct benefit transfer of subsidy in kerosene, dbt in kerosene, dbt of subsidy in kerosene, kerosene subsidy, direct transfer of kerosene subsidy

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