Punjab govt releases funds for pensions, projects and schemes

The funds were aimed at ensuring the timely payment of social security pensions to the beneficiaries, while giving a fillip to the development projects in all the priority sectors.

The Punjab government Tuesday released funds for various development projects and schemes while clearing the social security pensions for September.

According to an official statement, the funds were aimed at ensuring the timely payment of social security pensions to the beneficiaries, while giving a fillip to the development projects in all the priority sectors of the government.

A total of Rs 335 crore has been allocated towards pending payments for projects and schemes of the local government and Punjab Infrastructural Development Board (PIDB) in addition to Rs 140 crore for the monthly social security pensions for September, the statement said.

While Rs 125 crore was released to the local government department, the PIDB has got Rs 31 crore to boost the momentum of the ongoing infrastructural development projects, it added.

The state treasury has also cleared Death cum Retirement Gratuity (DCRG) bills of employees amounting to Rs 39 crore, making the payment on this account up to date, the statement said.