Published On: Sun, Nov 15th, 2015

Soon LPG subsidy maybe lifted for households with income above 10 lakh pa

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The NDA government is mulling to lift the subsidy on LPG cylinder for consumers whose annual income is above Rs 10 lakh, Union minister M Venkaiah Naidu said on Friday.

“Dharmendra Pradhan (minister for petroleum and natural gas) told me that the government has found many illegal gas connections and is saving thousands of crores of rupees by stopping the supply to those consumers,” said Naidu, the Union minister for urban development and parliamentary affairs.

Speaking at a function organised to give away the “Excellence Awards” instituted by the Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry (FTAPCCI) he said the government was also planning to give other subsidies such as the one on urea directly to farmers, instead of giving it to fertilizer companies.

“By doing so, the government is planning to maintain a financial equilibrium in society”, Mr. Naidu said, adding that the Petroleum Ministry had already been saving huge money spent on LPG subsidy by linking the domestic consumers with their bank accounts and Aadhaar numbers. A large number of fake beneficiaries were eliminated in the process, he said.

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