4 January 2018

Voluntary Surrender of Subsidy Scheme in Railways

Option for give up of concession in the passenger fare for senior citizens to the element of 100% was already available. However w.e.f. 22.07.2017 option has also been given to give up 50% of concession value for senior citizens.

Number of senior citizens who gave up concession for the period 22.07.2017 to 30.11.2017 are as under:-

(a) 100% of concession value: 5.67 lakh.

(b) 50% of concession value: 5.81 lakh.

The ‘give up’ concession scheme has the effect of increasing the earnings of the Railways which is pooled together to meet the revenue expenditure of the Railways including the development of Railway stations.