AAP govt lures Delhi farmers with electricity subsidy of Rs 105 per KW per month

By: |
February 27, 2019 8:26 PM

The subsidy on exiting tariff will be provided on fixed charges to agricultural connections in Delhi for financial years 2018-19 and 2019-20, with effect from April 1, 2018, it said.

AAP, AAP government, electricity subsidy for delhi framers, arvind kejriwal, dicoms, agriculture electricity subsidyA special audit of subsidy released to discoms and that passed on to the consumers account may be undertaken by Delhi Electricity Regulatory Commission(DERC), it added.

The Aam Aadmi Party (AAP) government has decided to give electricity subsidy of Rs 105 per KW per month on fixed charges to farmers in Delhi, an official statement said on Wednesday. The decision was taken at a cabinet meeting chaired by Chief Minister Arvind Kejriwal on Tuesday. “The agriculture electricity subsidy is expected to benefit at least 11,000 consumers. A provision of Rs 7.50 crore has been made for this,” the statement said.

The subsidy on exiting tariff will be provided on fixed charges to agricultural connections in Delhi for financial years 2018-19 and 2019-20, with effect from April 1, 2018, it said. It said the distribution companies (discoms) will have to ensure that subsidy is released only to genuine agricultural consumers.

Also read| Recapitalisation not enough, PSU banks need Rs 1.64 lakh crore to deal with future losses

A special audit of subsidy released to discoms and that passed on to the consumers account may be undertaken by Delhi Electricity Regulatory Commission(DERC), it added.

Do you know What is Positive GDP growth seen in Q3, need to fight inflation: RB, Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1India’s GDP to contract 8% in FY21: FICCI Survey
2Had refused proposal to cut salaries of govt employees: Madhya Pradesh CM
3Assam govt gave jobs to 80,000 youths since 2016: Governor