Latest News | Punjab Offers OTS Scheme for Defaulting Power Consumers

Chandigarh, May 26 (PTI) 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.

Also Read | UPSC Contemplates Criminal Action Against Two Candidates for Claiming Selection in Civil Services.

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.

Also Read | ‘9 Saal, 9 Sawaal’: Congress Asks Nine Questions To PM Narendra Modi Ahead of His Government Completing Nine Years in Power.

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.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)