Make India energy sufficient, cut imports: PM Modi

Speaking at the first 'Urja Sangam' conference, he said plans are afoot to provide piped gas connection to 1 crore households in the next four years from 27 lakh presently.   

Modi said if imports, which account for a staggering 77 percent of the demand, are cut by 10 percent by 2022, the country to look to halving it by 2030. India spent Rs 189,238 crore on import of crude oil in 2013-14.

He also said that Rs 100 crore in subsidy has been saved by 2.8 lakh people giving up the use of below market price LPG. "This money could be used for schools and providing medical facilities. I appeal to those who can buy LPG at market price, to please do not take subsidised LPG."

Since the government started the new scheme of direct benefit transfer (DBT) for cooking gas, many more people have opted out of the subsidy scheme.

Modi said that 12 crore bank accounts opened under the Jan Dhan scheme are being used for transferring subsidies directly to the consumers which has helped in plugging the leakages and effectively fighting corruption.

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