State releases Rs 566 cr to depts

Chandigarh, December 12

The Finance Department has released Rs 565.99 crore to the departments of Rural Development, Revenue, Cooperation, Tourism, Soil & Water Conservation, besides Punjab Infrastructure Development Board (PIDB).

A spokesperson for the Chief Minister’s Office said funds to the tune of Rs 305.81 crore and Rs 80.23 crore had been released to the Rural Development Department on account of second instalment of basic grant and the performance grant for 2016-17, respectively, under the 14th Finance Commission Grant. The department also released a sum of Rs 100.80 crore to the PIDB for the buyback of bonds. A sum of Rs 54.23 crore has been released for various development projects. —TNS