The Shivraj Singh Chouhan government in Madhya Pradesh has taken the lead in undertaking power sector reforms stipulated by the Union Ministry of Finance. As part of the reforms, the State has started Direct Benefit Transfer (DBT) of electricity subsidy to farmers, an official release said on Tuesday (19 January).
Madhya Pradesh has framed a DBT Scheme for its agricultural consumers in the State which has been implemented in Vidisha District with effect from December, 2020.
Under the Scheme an amount of Rs 32.07 crore was transferred to the bank accounts of 60,081 beneficiaries. The State has also initiated a process to implement the DBT scheme in Jhabua and Seoni districts.
Power Sector reforms stipulated by the Modi government aim at transparent provision of power subsidy to farmers by preventing leakages. They also aim at improving the fiscal health of power distribution companies by alleviating their liquidity stress.
Successful implementation of the reform has made the State eligible to mobilize additional financial resources equivalent to 0.15 per cent of its Gross State Domestic Product (GSDP).
Accordingly, the Department of Expenditure of the Union Ministry of Finance has permitted Madhya Pradesh to raise additional funds of Rs 1,423 crore through Open Market Borrowings.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 999/year is the best way you can support our efforts.