financetom
Economy
financetom
/
Economy
/
Govt is spending Rs 1,650 crore for 75 lakh new LPG connections under PM Ujjwala scheme
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Govt is spending Rs 1,650 crore for 75 lakh new LPG connections under PM Ujjwala scheme
Sep 13, 2023 6:56 AM

The Narendra Modi government on Wednesday (September 13) approved the release of Rs 1,650 crore to oil marketing companies to compensate for a scheme providing 75 lakh LPG connections under the Pradhan Mantri Ujjwala Yojana.

Share Market Live

NSE

The decision was taken at the meeting of the Union Cabinet chaired by Prime Minister Narendra Modi, Information and Broadcasting Minister Anurag Thakur told reporters in New Delhi.

With the provision for an additional 75 lakh Ujjwala connections, the total number of beneficiaries under the PMUY scheme will increase to 10.35 crore.

What is PMUY

Launched by Modi on May 1, 2016, in Ballia, Uttar Pradesh, Pradhan Mantri Ujjwala Yojana (PMUY) aims to safeguard the health of women and children by providing free cooking gas (LPG) connection to poor families.

The Pradhan Mantri Ujjwala Yojana (PMUY) "aims to safeguard the health of women and children" by providing them with a clean cooking fuel – LPG. The scheme was launched by Prime Minister Shri Narendra Modi in May 2016.

Under this flagship scheme, the government aims to provide 5 crore LPG connections to BPL (Below poverty line) families with a support of Rs 1600 per connection in the next three years.

Some traditional cooking fuels include firewood, coal, and cow-dung cakes, which when used, can cause health and respiratory problems. They also impact climate.

First Published:Sept 13, 2023 3:56 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Instant view: Fed slashes rates 50 bp in first easing since pandemic hit
Instant view: Fed slashes rates 50 bp in first easing since pandemic hit
Sep 21, 2024
(Reuters) - The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in borrowing costs that followed growing unease about the health of the job market. Policymakers see the Fed's benchmark rate falling by another half of a percentage...
Fed Prepares For First Rate Cut, But Is It Too Late? Ed Yardeni Calms Recession Fears Amid Recent Strong Data
Fed Prepares For First Rate Cut, But Is It Too Late? Ed Yardeni Calms Recession Fears Amid Recent Strong Data
Sep 21, 2024
Even as the Federal Reserve prepares to announce its first rate cut in the current monetary policy cycle, some have expressed fears that the move could be a little too late to keep the economy from slipping into a recession. Market strategist and  President of Yardeni Research Ed Yardeni, however, allayed the concern. What Happened: The Atlanta Federal Reserve’s GDPNow...
Oil Rig Count Flat This Week, Baker Hughes Data Show
Oil Rig Count Flat This Week, Baker Hughes Data Show
Sep 21, 2024
03:53 PM EDT, 09/20/2024 (MT Newswires) -- The number of oil rigs in the US were unchanged at 488 for the week ended Friday, according to data compiled by energy services company Baker Hughes ( BKR ) . The tallies for gas and miscellaneous rigs fell by one each on a weekly basis to 96 and four, respectively. A year...
Fed's Bowman says dissent on large rate cut based on above-target inflation data
Fed's Bowman says dissent on large rate cut based on above-target inflation data
Sep 20, 2024
WASHINGTON (Reuters) - Federal Reserve Governor Michelle Bowman said on Friday she dissented over the U.S. central bank's half-percentage-point interest rate cut this week, favoring a quarter-percentage-point reduction instead, because inflation remains above the 2% target and she worried the public would misinterpret the larger move as a premature declaration of victory. The job market and the economy remain strong,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved