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Public Sector Oil Marketing Companies have deferred the recovery of loans from Pradhan Mantri Ujjwala Yojna (PMUY) beneficiaries for the next six refills from April 1. The PMUY is the centre’s scheme for distributing cooking gas connections.
An Indian Oil statement said, “About 70 per cent of the PMUY customers have availed interest free loan facility provided by oil marketing companies for financing LPG stove and/or cost of the first LPG cylinder. Under the scheme, Oil Marketing Companies are recovering the subsidy amount provided on subsequent refills from beneficiaries who have taken the loan and adjusting the same towards its repayment.”
Effectively 70 per cent of Ujjwala beneficiaries purchase refills at market price until their loan is paid back. “Paying the market price for the initial few refills is an additional hurdle that was coming in the way of their shift towards cleaner fuel, resulting in periodic slips back to biomass,” the IOCL statement said.
All PMUY customers with an outstanding loan till March 31 will have a deferred recovery of the outstanding amount up to six LPG refills. All new consumers who will be enrolled after April 1, 2018 will also have a deferred recovery of the outstanding loan amount up to 6 LPG refills, the statement added.
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