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Punjab govt releases Rs 760 crore to clear pending Agricultural subsidy

CHANDIGARH: The Captain Amarinder Singh led Punjab Government today released Rs. 760 Crores to clear pending arrears against Power subsidy for farmers, besides others payments towards Agriculture and allied activities.

All the pending VAT/GST bills have also been cleared with the release of these funds. An official spokesperson disclosed that VAT/GST refunds have been cleared upto 20th July, 2018, with disbursal of Rs. 17 Crores.

According to the spokesperson, the bulk of the payment released by the finance department - Rs. 400 Crores - relates to subsidy for Punjab State Power Corporation Limited (PSPCL) to ensure free power to farmers, as announced by the Chief Minister.

The Government also released Rs. 7 Crores to NABARD for Externally Aided Projects.

The Finance Department has cleared the retiral dues of its pensioners, besides GPF advance of its employees upto 31 May, 2018, amounting to Rs. 230 Crores.

To maintain the state’s development momentum , Rs. 26 Crores has been released for various development projects under Centrally Sponsered Schemes (CSS), and payment of Rs. 18 Crores has been released for minor works upto 20th July, 2018.


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