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Bihar Electricity Regulatory Commission (BERC) had on March 21 last announced the new power tariff for 2018-19.
Last year too, the state govenrnment had announced the similar subsidy for power consumers after the Commission had ordered for 55 per cent hike in power tariff.
Briefing mediapersons after cabinet meeting, Chief Secretary Anjani Kumar Singh said the cabinet decided to give a subsidy of Rs 3.45 per unit for domestic consumers in rural areas thus bringing the effective rate to Rs 3.17 per unit.
Similarly for urban domestic consumers, BERC's average rate was Rs 7.23 per unit but after subsidy of Rs 1.83 a unit, the final rate would come down to Rs 5.40 per unit.
The decision was taken to offset the hike in power tariff to give relief to power consumers, he said.
A total of Rs 4137 crore has been sanctioned for giving subsidy to power consumers in the current financial year of 2018-19, he said adding that it would be Rs 1185 crore more than the last year's Rs 2952 crore of subsidy announced for the same purpose.
In another important decision, the cabinet gave its nod to the Energy department's proposal to completely transfer the state government's owned Barauni Thermal Power Station (BTPS) in Begusarai to NTPC, the Chief Secretary said.
Besides, it also decided to handover the two joint venture power firms- Muzaffarpur based Kanti Bijlee Utapadan Nigam Ltd and Aurangabad based Nabinagar Power Generating Company Ltd- to Maharatna public sector NTPC, he said.
The cabinet also approved a finance department's proposal to get linked with all bank accounts with "Aadhaar" by June 30, 2018 for giving subsidy/scholarships amount directly into the beneficiaries bank account through RTGS/NEFT, he said.
The cabinet gave its nod for the development and beautification of Punaura Dham, a religious place in Sitamarhi district, at a cost of Rs 48.53 crore, Chief Secretary said adding that cabinet sanctioned Rs 10.67 crore to be spent in the current financial year.
Punaura Dham is considered as the birth place of Sita.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)