In a noteworthy move, the Central Government has decided to continue the subsidy of ₹300 per cylinder for beneficiaries of the Pradhan Mantri Ujjwala Yojana (PMUY) for the fiscal year 2024-25. This decision is anticipated to benefit approximately 10 lakh beneficiaries, providing them with access to subsidized LPG cylinders and alleviating the financial strain associated with clean cooking fuel.
Subsidy Continuation: A Financial Respite
The decision to maintain the subsidy for PMUY beneficiaries is a commendable step, ensuring that around 10 lakh households can purchase LPG cylinders at the reduced price of ₹603 per unit, compared to the national capital’s market price of ₹903. This significant reduction aims to ease the financial burden on economically weaker sections, allowing them affordable access to clean cooking fuel. Beneficiaries are entitled to this subsidy for up to 12 cylinders annually, meeting the cooking fuel needs of most households.
Empowering the Northeast: The ‘Unnati’ Scheme
In conjunction with the LPG subsidy extension, the Cabinet has approved a substantial package of ₹10,037 crores for a new industrial development scheme named ‘Unnati,’ specifically designed for the Northeastern states. The primary objective of this initiative is to stimulate beneficial employment, contributing to the economic development of the region. ‘Unnati’ represents a significant stride in enhancing the industrial landscape and creating job opportunities in the Northeast.
Impact and Implications
1. Economic Support: The extension of the LPG cylinder subsidy under PMUY provides relief to millions of households, enabling them to manage their cooking fuel needs affordably.
2. Health and Environment: Access to subsidized LPG cylinders promotes the use of clean fuel, reducing health hazards associated with traditional cooking fuels and contributing to environmental conservation.
3. Boost for the Northeast: The ‘Unnati’ scheme is poised to transform the economic scenario of the Northeastern states, fostering industrial growth and employment opportunities.
Looking Ahead
The government’s commitment to inclusive growth and sustainable development is evident in its decision to extend the LPG cylinder subsidy and introduce the ‘Unnati’ scheme. These initiatives are anticipated to offer substantial relief to beneficiaries, encourage the use of clean energy, and stimulate economic progress in the Northeastern region. These measures align with broader national development goals and emphasize environmental sustainability.
