Tuesday, 8 December 2015

Know about The “Pahal” scheme

Petroleum Minister Dharmendra Pradhan presented the certificate received from Guinness Book of World Records to the Prime Minister Narendra Modi. The certificate is in recognition of PAHAL as the largest cash transfer programme in the world. Modi’s Pahal cash transfer scheme is providing subsidy for LPG to 14.62 crore households. The government launched the `PAHAL’ scheme in 54 districts of the country on November 15, 2014, and in remaining districts of the country on January, 2015. LPG consumers who join the PAHAL scheme get LPG cylinders at market price and receive LPG subsidy directly into their bank accounts.

You Know?
  • The “Pahal” scheme has been acknowledged by the Guinness Book of World Records for being the largest cash transfer program (households) with 12.57 crore households receiving cash transfer as of June 30, 2015.
  • As on December 3, about 14.62 crore LPG consumers have joined the PAHAL scheme and are receiving the subsidy directly into their Bank Accounts.
  • This scheme has enabled substantive savings in subsidy on supply of LPG consumers to the households.
  • As on April 1, 2015, there were 18.19 crore registered LPG Consumers and 14.85 crore active consumers implying a gap of 3.34 crore consumers which are duplicate or fake or inactive accounts blocked under PAHAL Scheme and related initiatives.
  • Out of a total of 16.27 crore active consumers, 14.62 crore consumers are availing subsidy resulting in further subsidy saving for 1.65 crore consumers.
Read our previous article related to Banking Awareness Knowledge Notes and Study guide for IBPS Bank PO and Clerk Exam as well as SBI Bank PO and Clerk Exam, RRB and RBI Grade 'B' Officer Exam.

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