With oil min’s clean energy focus, PMUY may cross 20-mn mark by FY17 end

With oil min’s clean energy focus, PMUY may cross 20-mn mark by FY17 end

Clean energy seems to be the buzzword for the Dharmendra Pradhan-led ministry of petroleum now. Its flagship social sector programme, the PMUY has not only surpassed the current financial year’s target of 15 million connections, it is likely to touch the 20-mn mark by the end of March.

In a sign of the success of the project, the spending on PMUY, under which LPG connections are given to poor households, in the current financial year has shot up by Rs 500 crore in the revised estimates, over the budgeted Rs 2,000 crore. The subsidy outgo on this account is expected to be Rs 2,500 crore in 2017-18. The scheme was launched on May 1, 2016, at Ballia in Uttar Pradesh with a target of providing connections to 50 million below-poverty-line families in three years, with a government support of Rs 1,600 per connection. Read More…

Credit By : Business Standard

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