Punjab

FINANCE DEPARTMENT RELEASES Rs. 349.50 CRORE FOR GPF, VERKA DAIRY PLANT AND DEVELOPMENT OF CYCLE VALLEY PROJECT

February 20, 2020 08:33 PM

Chandigarh (Face2News)

The Finance Department has released Rs. 349.50 crore on account of General Provident Fund (GPF), Cooperative Sugar Mills, Verka Dairy Plant, Bassi Pathana besides the development of hi-tech Cycle Valley Project at village Dhanansu in Ludhiana district.

Disclosing this here today, an official spokesperson said that funds to the tune of Rs.184 crore had been released for making payments of GPF (final/advances) to the employees till December 31, 2019. Another sum of Rs. 111 crore for medical, Petroleum Oil and Lubricant (POL), water/electricity, material supplies and office expenses has also been released up to February 18, 2020. Further, a sum of Rs. 25 crore has been released for clearing the outstanding arrears of cane growers due towards cooperative Sugar Mills in the state.

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