Punjab Govt releases Rs 1561.08 Cr to clear pending payments under various schemes
The Punjab Government on Wednesday released funds to the tune of Rs 1561.08 crore on various schemes and development projects
Chandigarh: The Punjab Government on Wednesday released funds to the tune of Rs 1561.08 crore on various schemes and development projects including sum of Rs 802.35 crore towards payment of General Provident Fund (Final & Advances)/Group Insurance Scheme to its employees upto November 24.
According to an official spokesperson, the Finance Department has also released Rs 94 crore for Hoshiarpur and Rs 75 crore for Tarn Taran out of total Rs 169 crore on account of 14th Finance Commission Grants and Rs 86.60 crore to Punjab Infrastructure Development Board for the execution of various development schemes and projects across the state.
Apart from these, a sum of Rs 69.31 crore has been released under Standard Object of Expenditure (SOE) to be incurred on electricity (Rs 38.68 crore), Petrol Oil & Lubricants (POL) Rs 18.60 crore, Rent Rates and Taxes (RRT) Rs 4.19 crore and other office expenses (Rs 7.84 crore).
Another Rs 51.30 crore has been released under Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) and Rs 50 crore each under Smart City Mission and Atal Mission for Rejuvenation and Urban Transformation (AMRUT) to boost the pace of urban development.
Pointing out further, the spokesperson said that Rs 48 crore has been released for the payment of Tax Deducted at Source (TDS) and Rs 40 crore on account of fee paid for Court/Tribunal Cases etc. Similarly, Rs 39.96 crore has been paid to Punjab Urban Development Authority for debt servicing besides Rs 39 crore to the Bhakhra Beas Management Board (BBMB) and Rs 26.42 crore under National Health Mission (NHM).
These funds have been released to boost the tempo of overall development and growth in the state with a directive from Chief Minister Captain Amarinder Singh to all the departments to intensify its efforts for additional resource mobilisation by cutting down wasteful expenditure to further consolidate state’s fiscal position especially due to sluggish economy amid Covid-19.