- September 3, 2021
- Posted by: OptimizeIAS Team
- Category: DPN Topics
Subject – Government Schemes and Programs
Context – Fewer LPG beneficiaries cut Q1 petroleum subsidy to 9% of BE. Govt brings down the subsidy outgo to ₹1,230 crore.
- ‘Give it Up’ scheme encourages well-to-do households to voluntarily give up their liquefied petroleum gas (LPG) subsidy so that it could be targeted to the poor who remain reliant on polluting cooking fuels such as wood, dung, crop residues and coal.
- The money surrendered under this movement will be utilized for poor to get LPG connection in rural as well as in urban areas who are still using firewood for cooking.
- Domestic LPG is heavily subsidized by the Government of India and every cylinder that we use in our kitchen carries a substantial subsidy. This translates to a huge annual subsidy burden on the Government, draining precious resources which otherwise could have been used in developmental activities. Accordingly, the Government has launched the ‘#GiveItUp’ campaign which is aimed at motivating LPG users who can afford to pay the market price for LPG to voluntarily surrender their LPG subsidy.