Categories: Schemes

Cabinet sanctions focused subsidy for beneficiaries of Pradhan Mantri Ujjwala Yojana

PM Modi-led Cabinet Extends Rs 200 LPG Cylinder Subsidy for Pradhan Mantri Ujjwala Yojana Beneficiaries for One Year

The Cabinet Committee on Economic Affairs, headed by Prime Minister Narendra Modi, has announced an extension of the subsidy of Rs 200 per LPG cylinder under the Pradhan Mantri Ujjwala Yojana (PMUY) for one year. The PMUY was launched in May 2016 by the Central government to provide deposit-free LPG connections to adult women of poor households and make LPG accessible to rural and impoverished households. The government credits the subsidy directly to the bank accounts of eligible beneficiaries.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

Over 9.5 Crore PMUY Beneficiaries to Receive Targeted Subsidy Amid Rising LPG Prices

According to a government release, as of March 1, 2023, there are 9.59 crore PMUY beneficiaries. The subsidy has been extended to shield the beneficiaries from the rise in LPG prices, which have increased due to various geopolitical reasons. The release also stated that the targeted subsidy is available to all PMUY beneficiaries, and the average LPG consumption of PMUY consumers has risen by 20% from 3.01 refills in 2019-20 to 3.68 in 2021-22. The total expenditure for the subsidy in 2023-24 will be Rs 7,680 crore.

You may also read this:

aashu

Recent Posts

Quiz-o-Current: 28th December Insights Quiz

Exams like SSC, Banking, Railways, and state-level tests offer a pathway to prestigious government positions.…

14 mins ago

Recap 2024: Legends India Lost This Year

In 2024, India lost several legendary figures who made remarkable contributions to art, literature, sports,…

13 hours ago

GK Quiz on Dr. Manmohan Singh, Former Indian Prime Minister

Dr. Manmohan Singh, a brilliant economist and statesman, served as the 13th Prime Minister of…

15 hours ago

Recap 2024: India’s Global Economic Rankings in 2024

India continues to establish itself as one of the leading global economies in 2024, with…

15 hours ago

Indian Banks’ Profitability Soars with Low NPAs and Strong Credit Growth

Indian public sector banks (PSBs) have reported strong profitability, with a 25% increase in net…

16 hours ago

Nvidia Unveils the Jetson Orin Nano Super Generative AI Supercomputer

Nvidia has recently announced the launch of its Jetson Orin Nano Super Generative AI supercomputer,…

16 hours ago