ON CM’s DIRECTIVE FINANCE DEPARTMENT RELEASES Rs. 566 Cr FOR RURAL DEVELOPMENT, COOPERATION, TOURISM AND PIDB
CHANDIGARH, DECEMBER 12: On the directives of Punjab Chief Minister Captain Amarinder Singh, the Finance Department has released Rs. 565.99 Crores to the departments of Rural Development, Revenue, Cooperation, Tourism, Soil & Water Conservation besides Punjab Infrastructure Development Board (PIDB).
Disclosing this here, a spokesperson of the Chief Minister’s Office said that funds to the tune of Rs. 305.81 crore and Rs. 80.23 crore had been released to Rural Development Department on account of second instalment of basic grant and the performance grant for the fiscal 2016-17 respectively under 14th Finance Commission Grant. Likewise, the Finance Department also released a sum of Rs.100.80 crore to PIDB for buyback of bonds. Similarly, Rs. 54.23 crore has been released for the execution of various development projects including micro irrigation and recycling of treated water undertaken by the soil and water conservation department under NABARD.
To ensure up-gradation and modernisation of the Bhogpur Cooperative Sugar Mill through National Cooperative Development Cooperation (NCDC), Rs.6.96 crore has also been released. The Tourism Department has also been allotted funds of Rs. 5.96 crore for the implementation of various tourism projects under the ADB aided Infrastructure Development Investment Program for Tourism.
Apart from this, Rs. 7 crore and Rs. 5 crore each have been released towards the payment of salaries to Lambardaars and pensions to the pensioners of Zila Parishads & Panchayat Samitis for the month of October respectively.