No loan recovery from Ujjwala beneficiaries for next 6 refills

The oil marketing companies (OMCs) have decided to defer recovery of loan amount from Ujjwala beneficiaries for next six refills starting from April 01, 2018.

GN Bureau | April 2, 2018


#oil marketing companies   #oil   #Ujjwala   #Pradhan Mantri Ujjwala Yojana  

Keeping in line with the spirit of Pradhan Mantri Ujjwala Yojana (PMUY) scheme and the centre’s goal to achieve universal LPG penetration by 2022, the oil marketing companies (OMCs) have decided to defer recovery of loan amount from Ujjwala beneficiaries for next six refills starting from April 1, 2018.

 
The deferment of loan recovery, upto to six refills would be implemented as per the guidelines. The scheme would be applicable for all the existing PMUY LPG connections who have availed loan for stove or first LPG cost from the OMCs.
 
All PMUY customers who have outstanding loan, as on March 31, 2018, will have a deferred recovery of the outstanding amount up to six LPG refills. Besides, all new consumers who will be enrolled after April 01 will also have a deferred recovery of the outstanding loan amount.
 
The loan deferment scheme, along with other OMC initiatives such as PM LPG Panchayats (peer learning platforms to support behavior change in Ujjwala beneficiaries) will boost the LPG refill consumption by PMUY customers and facilitate usage of cleaner fuel. It would provide a big push to the country’s progress towards sustainable development goals.
 
About 70 percent of the PMUY customers have availed interest free loan facility provided by OMCs towards financing LPG stove and/or first LPG cost. Under the scheme, OMCs are recovering the subsidy amount provided on subsequent refills from beneficiaries who have taken loan and adjusting the same towards the repayment of the loan. Hence 70 percent Ujjwala beneficiaries purchase refills at market price until their loan is paid back. Paying the market price for the initial few refills is an additional hurdle that was coming in the way of their shift towards cleaner fuel.

Comments

 

Other News

How inequality keeps rising amid pandemic – and is killing people

The world’s ten richest men more than doubled their fortunes from $700 billion to $1.5 trillion (at a rate of $15,000 per second or $1.3 billion a day) during the first two years of a pandemic while the incomes of 99 percent of humanity fall and over 160 million more people forced into poverty. A new

Vistadome coaches on Central Railways a hit with passengers

The Vistadome coaches on Central Railways have received an overwhelming response from passengers. Not only have they boosted tourism and registered an occupancy of 20,407 passengers but also clocked revenue of Rs.2.38 crore between October and December 2021.   The CSMT-Madgaon-CSMT Jansh

Omicron on relentless run: India records 2.68 lakh cases

India is once again caught in a spike of Covid-19 cases, with the highly transmittable omicron driving numbers. The total cases in the country continued to increase on Saturday, recording 2.68 lakh cases in 24 hours. India`s active caseload currently stands at 14,17,820 or 3.85%, while the r

Bill Gates, charity and the dilemma of already successful people

Mantra and the meaning of Success By Rajesh Talwar Bridging Borders, 288 pages Rajesh Talwar, who works as Deputy Legal Adviser to the United Nations Mission in Afghanistan, has written 31 books, and on January 15 he is releasing one more. ‘

An inquisitive reader’s guide to Ramayana, Mahabharata and the Puranas

Essence of the Fifth Veda By Gaurang Damani Divine Destination, 234 pages, Rs 350 ‘Veda’ literally means ‘knowledge’.

Humility: Going beyond binaries to deliver justice to tribals

Being Adivasi: Existence, Entitlements, Exclusion [Part of ‘Rethinking India’ series] Edited by Abhay Flavian Xaxa and G.N. Devy Penguin, xxvi+182 pages, Rs 699 ‘Being Adivasi: Existence, Entitlements, Exclusion’ (Penguin India), edited by

Visionary Talk: Farmer`s Agitation, Rakesh Tikait with Kailashnath Adhikari


Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter