Many of us doesn't know, what is Direct Benefit Transfer scheme.
Sum of us even got 'AADHAAR' card but still some of them are not knowing what benefit we will get while connecting our AADHAAR number to LPG and our bank account.
Here are some highlights, After the successful launch of AADHAR the Direct benefit transfer scheme is off to a strong start, as per the information received by the major oil companies that a record Rs 41 crore has already been sent to customer accounts.
Launched on June 1, the process resulted in that amount getting transferred to the bank accounts of over a million LPG customers within just a week. The major Oil companies say that the numbers are growing every week.
The great news is that the government that paid out Rs 40,000 crore as LPG subsidy in 2012-13. The aim of direct transfer is to pare this down by Rs 8,000-Rs 10,000 crore. The scheme is now operational in 18 districts across 10 states.
Let us see now how it actually worksthis works:
DBT benefits the 'below poverty line' customers who have linked their Aadhaar numbers to their LPG consumer numbers as well as their bank accounts. IndianOil majors like Hindustan Petroleum and Bharat Petroleum transfer cash directly to their customers' accounts.
Consumers are paid as soon as they book their first subsidised cylinder, the money getting transferred in advance of the delivery.
Oil companies are to transfer Rs 9,000 per customer per year; this equals subsidy for nine cylinders. They, in turn, will get reimbursed by the government every quarter. Customers have a grace period of three months, after which the cylinders will be sold to everyone at market price.
Let us work together to make this a grand success.