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3 months to ensure subsidy

November 15, 2014 02:48 am | Updated 02:48 am IST - KOCHI:

Modified DBT scheme begins today

With the modified Direct Benefit Transfer of LPG (DBT) set to be launched from Saturday, consumers in the State are left with three months to get enrolled in the scheme to ensure uninterrupted supply of subsidised cooking gas cylinders.

Though a three-month parking period will also be provided thereafter, the consumers will have to pay the market price of cylinders during that period and their dues towards subsidy will be credited to their bank accounts only after they turn DBT compliant.

Significantly, those who had already turned cash transfer compliant (CTC) by seeding their Aadhaar number with both the bank and the LPG distributor and had received the subsidy through their bank accounts before need not do anything more.

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Unlike the previous DBT scheme where LPG subsidy was restricted to the Aadhaar-driven CTC, in the modified version anyone with a bank account is ensured subsidy for 12 cylinders a year.

They can become bank transfer complaint (BTC) by giving their bank account number to the LPG distributor or the 17-digit LPG ID to the bank. Consumers can get the LPG ID from the cash memo, through SMS sent by oil marketing Companies or by logging in to myLPG.in

Oil market companies, however, treat the CTC mode as the primary option. In either case, seeding of mobile phone numbers is mandatory under the modified scheme.

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Addressing a press conference here on Friday, Murali Srinivasan, General Manager, Indian Oil Corporation (IOC), and State-level coordinator for oil industry in Kerala, said that all arrangements had been made for the smooth rollout of the DBT.

Advance enhanced

The permanent advance to DBT-complaint consumers stands enhanced from the previous Rs.435 to Rs.568 to fund their maiden delivery of cylinders under the scheme. Thereafter, the subsidy for each cylinder would be credited to consumers’ bank accounts within 72 hours of delivery, said T. Sathish Kumar, deputy general manager of IOC’s LPG wing.

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