Cabinet meeting held under the chairmanship of Chief Minister Shivraj Singh Chouhan has decided to give subsidy of Rs 8,700 crore to consumers on electricity tariff implemented for the fiscal year 2017-18 by the Madhya Pradesh Electricity Regulatory Commission. Payment of subsidy amount will be paid by the State Government to the concerned power companies.
Benefit of Rs 8,400 crore will be availed by maximum agriculture consumers by this decision.
As a result of this decision, subsidy of Rs 1.10 per unit will be given to domestic consumers up to one hundred watt using 30 units monthly electricity and 20 paisa per unit to domestic consumers consuming electricity up to 50 units. An electricity bill of Rs 1400 per horse power per annum will have to be paid by the flat rate agriculture consumers of permanent connections.
The balance payment will be fulfilled by the State Government from the subsidy. Similarly, electricity will be provided free to agriculture consumers up to 5 horse power belonging to Scheduled Castes and Tribes holding one hectare land.
Besides, subsidy of Rs 1.75per unit will be given to agriculture consumers having permanent connections. Complete burden of fixed monthly charges and FCA will be borne by the State Government and subsidy will be continued for agriculture consumers of permanent and temporary connections.
Cabinet has decided to give subsidy at the rate of Rs 95 per kilo watt per month on fixed charges of low tension street lights schemes of nagar palika and nagar panchayats. High tension lift and group irrigation consumers will be exempted from annual minimum charges.
Also, subsidy of Rs 1.90 per unit will be given in power charges. No electricity charges will be taken from scheduled caste and tribe single 1.25 paise per unit will be given to power loom consumers
up to 25 hp.
Furthermore, the Cabinet has decided to expand fixed due date of short-term agriculture loan of Kharif
season being given to farmers without interest through cooperative banks for 2016-17 from February 28 to March 28, 2017.