 "Govt to tie up with MFIs for LPG refills")
The Pradhan Mantri Ujjwala Yojana (PMUY) is likely to get a new financing model, with microfinance institutions (MFIs) brought in to encourage savings among consumers for refilling their cooking gas cylinders.
“We are in talks with a few such organisations and experts in the sector to come up with a savings model, through which poor people can deposit a share of their money, depending on LPG (cooking gas) prices on a daily basis,” said an official.
According to sources, the ministry of petroleum and natural gas is, among others, talking to Lucknow-based MicroSave, an international financial inclusion consultancy,
“We are in talks with a few such organisations and experts in the sector to come up with a savings model, through which poor people can deposit a share of their money, depending on LPG (cooking gas) prices on a daily basis,” said an official.
According to sources, the ministry of petroleum and natural gas is, among others, talking to Lucknow-based MicroSave, an international financial inclusion consultancy,
