The Hindu Business Line : Rlys approves 244 freight incentive proposals

Under this scheme, the zonal railways have been delegated the power to grant concession up to 20 per cent to the customers offering sizeable traffic.

Our Bureau

New Delhi, Aug. 3 The Railways has received 326 proposals for its various freight incentive schemes, out of which 244 proposals have been approved.

This will generate additional earnings of Rs 305.29 crore during the current financial year.

The Ministry of Railways has formulated various freight incentive schemes to increase freight traffic and additional revenue.

Under the incentive scheme for traditional empty flow direction, 48 proposals have been received by the Ministry, out of which 31 have already been approved — resulting in additional earnings of Rs 38.58 crore during the current financial year, said a press release.

Incentive Scheme

Freight discount of up to 30 per cent has been permitted on traffic loaded in the notified traditional empty flow directions during both busy and lean seasons.

The Railways’ long-term special incentive scheme attracted 78 proposals out of which 31 have been approved — resulting in earnings of Rs 50.6 crore in the current financial year.

Under this scheme, the zonal railways have been delegated the power to grant concession up to 20 per cent to the customers offering sizeable traffic.

Earnings

The Railways will also generate additional earnings of Rs 177.35 crore during the current year from the incentive scheme for incremental traffic.

Out of a total number of 87 proposals, 72 proposals have been approved.

The customer is eligible for discount up to 15 per cent for incremental earning in lean season under this scheme.

Another 40 proposals have been received and approved under the Incentive Scheme for Freight Forwarders.

To promote rail, road and warehousing integration and expansion of commodity basket for the Railways, composite freight rates have been offered to freight forwarders for loading in covered and BOXN wagons.

This will bring additional earnings of Rs 10.82 crore during the current financial year. Under the incentive scheme for “two leg”, 73 proposals, 70 proposals have already been approved.

This will bring additional earnings of Rs 27.94 crore this year.

Freight Concession

Under this scheme, freight concession of 15 per cent in busy season and 20 per cent in lean season is granted to customer offering return traffic in covered wagon in block rakes.

The Ministry of Railways has instructed all zonal railways to make all these schemes more popular to get more and more traffic from road to rail, the release added.