The Indian Government is already asking the well-off people to give up the gas subsidy by sending an SMS to the subscribed mobile numbers. It will help the nation to develop well according to them. The subsidy is nothing but a rebate of money to the underprivileged, poor or middle-class section of the society. Now, the government has decided to drop off the subsidies for those taxpayers who have an aggregate income of more than 10 Lakh per annum from January 2016. This means that the taxpayers who have income equal to or more than 10 Lakh PA will not be eligible by default for subsidised LPG gas cylinder.
At present, the government is offering 12 gas cylinders per year weighing 14.2 Kg that are subsidised to a rate of Rs.420 approx… But the market price is pretty high i.e. Rs. 610 approx… which is expected to rise up further. The government has launched a mobile oriented scheme that asks customers to send a message “Give it up” to a registered number to voluntarily give up their subsidies. The subsidy saved from this will be used to provide LPG connections to Below Poverty Line (BPL) families.
What is the success of this campaign?
So far about 16 crore customers consume LPG in India and about 57 lakh customers have voluntarily given up the subsidies and have opted out. Seems like India is developing for good and the government repeatedly proclaims that they have also launched this scheme for people to give up their subsidies so that the less privileged would have more benefits that is much needed in the present scenario.