Punjab Cabinet Approves Incentives For Mega, Ultra-Mega Projects

0

The Punjab Cabinet on Saturday approved a special set of incentives for new mega and ultra mega projects to attract investment in these projects across the state.

The move, according to a government press release, will stimulate the economy and create jobs.

Projects with a fixed capital investment of Rs 1,500 to Rs 2,500 crore with a minimum contractual demand of 20 MVA will be treated as megaprojects and projects with a fixed capital investment greater than Rs 2,500 crore and a minimum contractual demand of 30 MVA will be treated as ultra-mega projects.

Under the special package, projects will benefit from a special electricity tariff for 4 years for mega-projects and 5 years for new ultra-mega-projects from the date of publication of the permanent electrical connection. Likewise, the net GST rebate incentive will be available at the rate of 100 percent of net GST with a cap of up to 200 percent over a period of up to 17 years for megaprojects and 20 years for megaprojects. ultra megaprojects. . This special incentive package will be available only to units that file their Common Application Form (CAF) before October 17, 2022 and reach commercial production within 3 years (mega projects) and 4 years (ultra-mega projects) to from the date of CAF submission.

In another decision, the Cabinet also agreed to waive the backlog of electricity bills of all Gaushalas in the Punjab.

In view of the possibility of a third wave of Covid-19, the Cabinet also decided to retain and expand the services of already contracted workforce at the government medical colleges of Patiala and Amritsar until March 31, 2022. With this decision, the Cabinet approved the extension of the 789 isolation service positions and 7 VRDL from October 1, 2021 to March 31, 2022. However, this decision would help the state government to face the emerging situation resulting from any eventuality and to lighten the burden on health establishments.

Soil quality control

The Cabinet approved the establishment of the Design, Quality Control, Monitoring and Evaluation Wing within the Department of Soil and Water Conservation.

The dedicated wing would not incur any additional government expenditure, but would help the farming community, especially small farmers and marginal farmers who are often deprived of government benefits due to the planning and design of the notebook.

The Department of Soil and Water Conservation implements various government programs for laying underground pipelines, drip and sprinkler systems to increase water use efficiency irrigation in addition to the construction of water harvesting structures, roof rainwater harvesting structures, control dams to increase groundwater recharge. All of this work requires proper design and estimation in order for public funds to be spent effectively, the government said.

Smart watering

The Cabinet also gave the green light for the establishment of a special purpose micro-irrigation (MI) vehicle within the Department of Soil and Water Conservation for the promotion of smart irrigation systems. in the state.

The state has implemented a micro-irrigation program for the past 15 years and despite the 80-90 percent subsidy to farmers for these systems, the uptake of these systems has been far from satisfactory as only about 1.2 percent of the area has been covered. under these irrigation systems.

Several other states in the country have experienced a leap forward in adoption of micro-irrigation systems by farmers due to the constitution of this dedicated approach to implementing micro-irrigation in these states.

New tehsils / sub-divisions

The Cabinet also approved the modernization of Sub-Tehsil Tanda in Hoshiarpur district and Adampur in Jalandhar district into Tehsils / Sub-Divisions.

The newly upgraded Tehsil / Tanda Sub-Division would include five Kanungo circles, 47 Patwar circles and 133 villages while Adampur would include six Kanungo circles, 60 Patwar circles and 161 villages.

Dental service rules

In order to ensure uniformity, the Cabinet also approved the Rules of the Punjab Dental Training Service (Amendment) (Group-A), 2021, in accordance with the standards of the Dental Council of India, New Delhi. This decision would help fill the vacant position of professor of medicine at government dental colleges across the state.


Source link

Share.

Comments are closed.