Chandigarh-Punjab Chief Minister Bhagwant Mann has introduced to introduce a one-time settlement scheme (OTS) for customers who’ve defaulted the electrical energy payments or their energy connections had been disconnected amid monetary constraints.

The Chief Minister stated that the scheme will proceed for all classes of customers particularly industrial customers for 3 months. He stated that giving a golden alternative to all classes of PSPCL customers, particularly industrial customers, whose connections had been disconnected following non-clearance of energy payments or economical compulsions, the OTS has been launched for 3 months. Bhagwant Mann stated that the curiosity on delayed cost of pending dues of payments underneath OTS can be charged at a easy price of 9 per cent.

The Chief Minister stated that no fastened costs shall be charged if the interval of connection addition from the date of disconnection is six months or much less. Bhagwant Mann stated that if the interval of reconnecting the facility connection from the date of disconnection is six months or extra, then the fastened costs shall be charged just for six months. He stated that in a brand new initiative to facilitate the customers, the steadiness quantity underneath the scheme now might be deposited in 4 installments inside a 12 months.

The Chief Minister stated that curiosity was charged on the price of 18 per cent compounded on late cost on the excellent defaulting quantity of the payments and full-time fastened costs had been charged from the date of disconnection to the interval of connecting the connection, which has now been utterly waived off. He stated that it’s a landmark initiative aimed toward giving a serious reduction to the folks. Bhagwant Mann requested the folks to take full benefit of the scheme launched in bigger public curiosity.

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