Punjab Government Yet To Pay Rs 7,700 Crore Subsidy Bill To PSPCL

Punjab Government Yet To Pay Rs 7,700 Crore Subsidy Bill To PSPCL

Even as the Punjab government is planning to introduce a direct-bank transfer (DBT) scheme for power subsidies on agricultural connections, the pending power subsidy bill continues to accumulate, as the state government has not paid monthly installments to Punjab State Power Corporation Limited (PSPCL).

As per the revised tariff order approved by the Punjab State Electricity Regulation Commission (PSERC), the subsidy bill for this fiscal stood at Rs 10,917.40 crore. Sources in PSPCL said the state government has to date released Rs 3,221.49 crore and Rs 7695.91 crore of subsidies to be paid to PSPCL are still pending. The remaining amount is to be cleared in the next two months, else it will lead to a massive carry forward of the pending subsidy bill for the next fiscal.

Of the Rs 10,917 crore, Rs 5664.74 crore is for free power to agriculture connections, Rs 1121.80 crore is meant for domestic supply to schedule caste families, Rs 87.24 for families below the poverty line (BPL), and Rs 707.98 crore for backward classes. Freedom fighters’ families will get subsidised power of Rs 83 lakh and the new industry set up under the Progressive Punjab Scheme will get a subsidy worth Rs 113.31 crore. There is also a carry forward of Rs 2,909.42 crore from previous years. Read More…

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