The second leg of the Pradhan Mantri Ujjwala Yojana (PMUY) scheme has picked up pace and is already close to its target of disbursing 10 million new Liquefied Petroleum Gas (LPG or cooking gas) connections.
According to oil ministry officials, know-your-customer (KYC) approvals for 9.5 million new applications have already been received by the public sector oil marketing companies, which are implementing the scheme. KYC is a processinstitutions undertake to verify the details of an intended beneficiary before beginning services. A KYC approval brings a recipient one step closer to the sought benefit.
“Of these, 2.3 million new deposit free LPG connections have already been disbursed from August 10 to September 15,” an official told Business Standard.
