Punjab Govt. released Rs.10,106 crores subsidy for FY 2020-21: CMD A.Venu Prasad

The Fact News Service
Patiala April 7
In order to help all the farmers, weaker sections of the society and promote industry in the state Punjab government has released Rs.10106 crore subsidy to Punjab state power corporation limited for financial year 2020-21. This was stated by A.Venu Prasad CMD PSPCL in a press note here today. Details of subsidy released by Punjab Govt. as under Category of consumers Subsidy Amount released (Rupees in crore ) Agriculture subsidy 6056 SC/BPL/BC DS subsidy 1610 Industrial subsidy 1991 ED adjustable 329 UDAY interest Adjustable 120 Total subsidy 10,106 He said that PSPCL is providing subsidy to 36.27 lacs consumers of various categories in the state. CMD said that out of Rs.10621 crore, Rs.7,180 crore subsidy has been earmarked for 13.87 lacs consumers of agriculture sector, Rs. 1513 crore subsidy for 21 lacs domestic consumers having sanctioned load up to 1 kilowatt, 200 units per month to SC/BPL/BC consumers and 300 units per month to freedom fighter consumers. For Industrial consumers of Punjab for SP category Power is supplied at the rate of Rs .5 per KWH including fixed charges and for LS/MS category at the rate of Rs. 5 per KVAH as variable charges. In addition to subsidy payment, punjab government has also taken over UDAY loan of Rs.15,628 crore on 31.03.2020 and paid interest on UDAY bonds of Rs.1307 crore during the year 2020-21. He added that punjab government has also paid Rs.579 crore to punjab state power corporation limited for loss funding during the year 2020-21 under UDAY scheme. He further added that in addition to this there is a balance of subsidy of Rs.5,779 crore upto 31.03.2020