Punjab releases Rs 349.50 crore for GPF, Verka plant and cycle valley project

CHANDIGARH: The Punjab 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.


Likewise, another Rs 17 crore has also been released for expediting the development works to construct main approach road from Ludhiana-Chandigarh highway to upcoming hi-tech cycle valley at Dhanansu in Ludhiana.

To speed up the construction of the upcoming Verka’s Mega Dairy Plant at Bassi Plant, an amount of Rs 11.15 crore has been released while Rs 1.35 crore has been given to the Department of Rural Development and Panchayats for the execution of Liquid Waste Management to ensure proper sanitation facilities in the villages