KYC registration will continue even after 31 Dec, STCS clarifies

GANGTOK, 30 Dec: State Trading Corporation of Sikkim [STCS] has been working on a war-footing to complete the registration process of Know Your Customer [KYC] of its customers. STCS plans to complete the KYC registration process by the end of January next year.
The STCS had 1.20 lakh households registered with it in 2008 but after appointment of 5 private distributors by the IOC and after area demarcation, the STCS presently has 80,000 households sourcing their LPG supplies from it.
Addressing a press conference today, the STCS Managing Director, Sonam Gyamtso Pulger mentioned that STCS being the pioneer distributor of LPG in the state, it has been doing its best for the convenience of its consumers. He informed that STCS has 80% of the customers registered with it.
The Managing Director informed that KYC was a continuing process and further appealed to its consumers not to panic regarding the deadline. He clarified that the KYC registration will continue even after 31 December, however, those who do not register till 31 December will be able to get their subsidized LPG cylinders only after March next year.
The KYC process had started on 19 October. He informed that the KYC process is going on nation-wide so the network is jammed most of the time due to which the verification process of a single applicant is taking a lot of time. STCS plans to start the new connection process from February next year after completing the KYC process of the existing consumers.  
On the cap on subsidized LPG cylinders by the central government, Mr Pulger said that the concerned Ministry had decided on the quota of 6 cylinders per household and the state had no say as such on it. He further added that all distributors were also directed by the IOC to maintain the history of their consumers for the same.
“On the quota of 6 subsidized cylinders per household, the Chief Minister has already taken this matter to the Ministry of Oil and Natural Gas to increase the number of subsidized cylinders in view of the hilly terrain and geographical condition of the state,” he said.