MAJOR REPRIEVE TO INDUSTRIALISTS AS PUNJAB GOVERNMENT INTRODUCES OTS SCHEME TO RESOLVE THEIR LONG PENDING CASES

MOVE TO BENEFIT 1145 INDUSTRIALISTS ACROSS PUNJAB

INDUSTRIALISTS CAN AVAIL THIS SCHEME BY DECEMBER 31, 2025

Chandigarh, March 3:In a major reprieve to the industrialists of the state, Punjab Cabinet led by Chief Minister Bhagwant Singh Mann on Monday gave nod to introduce a historic One Time Settlement (OTS) scheme to resolve more than four decades old pending cases to provide long-awaited relief to industrialists.

A decision to this effect was taken in a meeting of the Council of Ministers held under the chairmanship of the Chief Minister here at his official residence today.

Disclosing this here today a spokesperson of the Chief Minister’s Office said that this OTS scheme will facilitate the industrialists to settle industrial disputes related to enhanced land costs and delayed principal payments thereby ensuring that long-standing grievances of industrialists are resolved in a fair and transparent manner. Approximately 1145 industrialists across Punjab will benefit from this scheme, allowing them to clear their dues and reinvest in their businesses, leading to economic growth and job creation. These industrialists collectively employ thousands of people, and the financial relief provided by the OTS scheme will further stabilize businesses, prevent closures and lead to new employment opportunities.

The scheme will apply to defaulter plot holders whose original allotment was issued on or before January 1, 2020, ensuring that long-pending cases are addressed effectively. Industrial plots, sheds and residential plots in Industrial Focal Points developed by Punjab State Industries Export Corporation (PSIEC) across Punjab will be covered under this scheme, making it a broad-based initiative for industrial revival. As per the scheme, the government will provide a significant financial relief measure by allowing defaulters to clear dues with a nominal simple interest rate of 8%, along with a 100% waiver of penal interest.

Even plot holders whose allotments were cancelled will now have a chance to get them back by paying their dues, giving businesses a second chance to restart and grow. The scheme will enable industries to free themselves from large financial burdens and legal complexities, unlocking their potential for expansion and modernization. The revenue collected through this scheme will be reinvested into industrial infrastructure, including improving focal points and developing new industrial parks, boosting Punjab's industrial landscape.

A special virtual help desk will be set up by PSIEC to assist industry promoters in availing of the scheme, ensuring a smooth and hassle-free process for applicants. This initiative will enhance Punjab's reputation as an industry-friendly state, attract new investments, and create an environment conducive to business growth. The last date to avail of this scheme is December 31, 2025, providing ample time for defaulters to come forward and clear their outstanding dues. This move is expected to spur industrial growth, strengthen Punjab's economy, and reaffirm the government's commitment to supporting businesses and job creation in the state.

Gives nod to policy to allow the surrender of layout plan of industrial park project

The Cabinet also gave nod to policy to allow the surrender of layout plan of industrial park project, provided that the Promoter deposits the outstanding dues of statutory charges as levied by the Competent Authority at the time of approval. The decision has been taken due to non-availability of policy regarding surrender of layout of projects developed under the Industrial Park Policy dated 19-06-2019.

Accords approval to amend PPSC (Condition of Service) Regulation Act

The Cabinet also gave its consent to amend Clause 5(1) of the Punjab State Public Service Commission (Condition of Service) Regulation act for appointment of the chairman and members in the commission.

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My doors open for you but don’t harass general public on name of agitation : CM to farmers

Says demands if farmers concerned with center but Punjab bearing the brunt

Rail and road blockages don’t have any impact on the Union government but the life of common man is adversely affected by it

Chandigarh, March 3:Punjab Chief Minister Bhagwant Singh Mann on Monday categorically said that his doors are always open for talks with the farmers but inconvenience and harassment of the general public on name of agitation should be avoided.

Interacting with the farmers during a meeting at Punjab Bhawan today, the Chief Minister said that the government is always ready to resolve the issues pertaining to various sections of society through negotiations so the trouble to the common man through rail or road blockades must be avoided. He said that such action causes problems to the general people due to which they turn against the agitators thereby creating discord in the society. Bhagwant Singh Mann said that unfortunately the common man has to suffer a lot due to such protests which is totally unwarranted and undesirable.

The Chief Minister said that though protest is democratic right of the farmers but they should also think that it is bringing huge loss to the state. He said that the traders and industrialists have been ruing that due to frequent road and rail blocks their businesses have been ruined. Bhagwant Singh Mann made fervent appeal to the farmers to avoid such tactics that create discord amongst the society.

The Chief Minister said that though the state government is solidly with the farmers but all the demands of the food growers are concerned with the Union government. However, he said that due to the frequent protests by the farmers unions Punjab and Punjabis have to face the heat. Citing an example, Bhagwant Singh Mann said that due to blockade of roads daily thousands of people have to suffer.

The Chief Minister urged the farmers to refrain from creating inconvenience to the common man through their protests as it disrupts the daily routine of people. He said that the rail and road blockages don’t have any impact on the Union government but the life of common man is adversely affected by it. Bhagwant Singh Mann further said that none of his previous predecessors had done so many meetings with the farmers to listen their problems.

However, the Chief Minister said that it is unfortunate that farmers still want to protest in the state for no reason related with the Punjab government.

Bhagwant Singh Mann said that he is the custodian of the rights of every strata of the state and their interests will be secured by all ways and means.

He said that the state government has already rejected the draft of National Policy Framework on Agricultural Marketing framed by Government of India.

The Chief Minister said that agriculture and agricultural marketing is a state subject and the union government has no role to play in it. Bhagwant Singh Mann said that the draft reflects the anti-Punjab and anti-farmers stance of the Union government. He said that the state government has already opposed this draft tooth and nail through a written reply which was sent to the Union government.

The Chief Minister further said that the state government has already prepared the draft agriculture policy for the state government. He said that the suggestions have been asked from all the stakeholders and it will be finalized once reply is received from all. Bhagwant Singh Mann said that the policy will be formulated only after the reply is received from all the stakeholders adding that within 20 days reply from all the stakeholders will be received.

Dwelling on another issue, the Chief Minister said that the state government is making strenuous efforts to bail out the farmers from agrarian crisis. He said that all out efforts are being made to bring out the farmers from the vicious circle of debt so that the well being of the farmers can be ensured. Bhagwant Singh Mann said that due escalating input costs and diminishing returns the farmers of state are on crossroads adding that efforts are being made to supplement the income of the farmers.

The Chief Minister bemoaned that the union government is meting out step motherly treatment to the farmers of the state adding that he had always flagged the issues of farmers before the GOI. However, he said that they have not paid heed to any of the issues being faced by the farmers of the state. Bhagwant Singh Mann said that anti-farmers policies are being framed by the arm chair economists of the Union government who have little knowledge of the ground realities due to which farmers are being suffering.

The Chief Minister said that the centre government has adopted a hostile attitude towards the hard working and resilient farmers of the state but the state government is solidly with the food growers in this hour of crisis. He said that the state government will solidly flag the case of loan waiver of the farmers with the union government. Bhagwant Singh Mann said that it is imperative to safeguard the interests of the farmers, who have made the country self reliant in food production.