State whether the given statement is true or false : Expenditure on ujjwala yojana launched by the government is an example of capital expenditure
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Answer:False
Explanation:It is a revenue expenditure because it neither creates any asset nor reduces any liability.
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True, the expenditure on Ujjwala Yojana launched by the Government is an example of capital expenditure.
Explanation:
- The Pradhan Mantri Ujjwala Yojana is a Central Government Scheme.
- Ujjwala Yojana aims to increase the adoption of Liquified Petroleum Gas(LPG) especially in rural areas.
- Because the penetration of LPG is very low in rural areas.
- The scheme was launched in 2016.
- The Government aims to distribute 5 crore LPG connections to families below the poverty line (BPL) with a support of Rs 1,600 per connection in three years.
- It includes a cylinder, pressure regulator, booklet, safety hose, etc.
- Through the Pradhan Mantri Ujjwala Yojana (PMUY), India has provided capital cost subsidies to poor women to adopt a clean-burning cooking fuel or LPG.
To Learn more...
1.What do you mean by PM Ujjwala Yojanahttps://brainly.in/question/13288501
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