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Will AADHAR linked subsidy benefit banks?

Direct Benefit Transfer of LPG (DBTL) scheme, which is AADHAR linked LPG subsidy given disbursed through banks. Under the (DBTL) an LPG consumer will get his/her cylinder at full market price and the differential between subsidized price and full market price i.e. the subsidy will be transferred to his/her bank account. Under this scheme, all LPG consumers will start receiving their LPG cylinders at full market price and will get their subsidy directly in their bank accounts up to a capped limit(9 cylinders in a year)of LPG cylinder. All Aadhaar linked LPG consumers will get an advance of Rs 435 in their bank account as soon as they book their first subsidized cylinder.
How it benefits banks?

Disbursing subsidy directly through bank accounts will increase the credit amount of customers which will in turn result in a boost in deposit quantity

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Delhiites tops on online consumption-ASSOCHAM survey

This festive season, there is a 65% more traffic on online retail websites and shopping on ground has taken a back seat. Apart from convenience, rising fuel price, security reasons, online discounts and availability with abundance of choice keeping them indoors, said Mr. D S Rawat, Secretary General ASSOCHAM(The Associated Chambers of Commerce and Industry […]

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