The Punjab government has brought a one-time settlement scheme for power consumers who have defaulted on their bill payments.
"We have come up with a one-time settlement (OTS) scheme for electricity consumers who have defaulted on their bill payment," Chief Minister Bhagwant Mann said on Friday in a tweet in Punjabi.
Mr Mann said it will give a golden opportunity to such consumers whose power connections were cut or not restored because of their financial constraints.
This scheme will be available for three months for all categories of consumers, especially the industry, he said.
The OTS comes with the option of paying the amount in four instalments over one year.
Presently, the defaulters have to make late payments of the pending amount with 18 per cent interest. However, as per the OTS, the interest rate has been slashed to 9 per cent.
Further, instead of paying fixed charges for the entire period between cutting off the connection and its restoration, the consumers will not have to pay such charges if the period is less than six months.
However, if this period is more than six months, then fixed charges of only six months will have to be paid, as per the scheme.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Featured Video Of The Day
IPL Auction: Rishabh Pant Set For Date With History But Arshdeep Singh Won't Be Far Behind "Stamp Of Approval": Raghav Chadha On AAP's Big Win In Punjab Bypolls Early Onslaught Helps 10-Man NorthEast United Beat Punjab FC 2-1 In ISL "Moving Towards One Party, One Nation": Uddhav Thackeray On BJP Victory Election Results: BJP-Led Mahayuti Secures Landslide Victory In Maharashtra With Thumping Win, Maharashtra Decides Real NCP, Sena CAT 2024: Exam In 3 Sessions On Sunday, Check Important Guidelines Delhi Police Constable Stabbed To Death By 3 In Govindpuri, 2 Arrested: Cops "In The Name Of Globalisation, We Actually Hollowed Out...": S Jaishankar Track Latest News Live on NDTV.com and get news updates from India and around the world.