Authorities saved 11,654 crore by closing LPG subsidy: In 2021-22, the federal government gave solely 242 crore subsidy, a 12 months in the past this quantity was 11,896 crore

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  • LPG cylinder subsidy; Modi authorities will save about Rs 11000 crore within the monetary 12 months

New DelhiOne hour in the past

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The federal government is step by step ending the subsidy on LPG cylinders. By stopping the subsidy, the federal government has deposited crores of rupees in its treasury. In 2020-21, the central authorities had spent Rs 11,896 crore as LPG subsidy, whereas in 2021-22 this expenditure has come down to simply Rs 242 crore. On this method, by eliminating the subsidy, the federal government saved Rs 11,654 crore in only one monetary 12 months.

Got here from 23,464 crores to 242 crores in 4 years
Based on the Petroleum Ministry, Rs 23,464 crore was spent on LPG subsidy within the monetary 12 months 2017-18, which has reached Rs 37,209 crore within the monetary 12 months 2018-19. After this, the federal government appealed to the folks to surrender the subsidy and crores of consumers gave up the subsidy on this attraction, resulting from which the federal government’s expenditure within the monetary 12 months 2019-20 got here right down to 24,172 crores.

In 2020-21, it declined by greater than 50% and the subsidy outgo got here right down to Rs 11,896 crore. After this, this expenditure has come down to simply Rs 242 crore in 2021-22.

From June 2020, solely the folks of Ujjwala scheme are getting subsidy
In June 2020, the federal government had determined that subsidy on gasoline cylinders can be given solely to the beneficiaries of Pradhan Mantri Ujjwala Yojana (PMUY). This has resulted in a drastic discount within the variety of folks receiving subsidies. The federal government has launched a subsidy of Rs 200 per cylinder for PMUY beneficiaries for as much as 12 refills in a 12 months. The subsidy on the cylinder is deposited within the checking account of the beneficiary.

Gasoline cylinder turned costlier by Rs 218.50 in 1 12 months
The worth of home gasoline cylinder in Delhi on 23 July 2021 was Rs 834.50, which has now reached Rs 1053. That’s, within the final one 12 months, the worth of home gasoline cylinder has elevated by Rs 218.50. The subsidy on this has additionally been abolished.

30 crore folks within the nation have LPG connection
About 30 crore folks in India have LPG connection. This consists of greater than 9 crore LPG connections beneath the Ujjwala scheme.

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