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Punjab Agro Industries Corporation Limited

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Right to Information Act, 2005

Punjab Agri Export Corporation Limited (PAGREXCO)

The manner of execution of subsidy programmes, including the amounts allocated and the details of beneficiaries of such programmes - back

Government of Punjab is framing the schemes of subsidy and PAGREXCO disburse subsidy according to the norms fixed by the government from time to time. There is a Corpus Fund Committee headed by Financial Commissioner (Development), Punjab. Powers have been delegated to Managing Director of the Company to consider the subsidy cases. Further, there is a Sub-Committee also and claims of subsidy are released after approval of Sub-Committee and certificate obtained from Chartered Accountant.
Details of Subsidy available from Corpus Fund ( 2014-15)

Procedure

For claiming the above said subsidies the exporter/grower must be registered with PAGREXCO. They have to submit their claims, complete in all respects along with the required documents within 60 days from the close of the financial year. Then the case is sent to CA for pre audit. After that, the Sub-committee approves the financial assistance.

Other conditions

  • All the above subsidies are available for produce of Punjab only.
  • Financial assistance is subject to ceiling/limitations and assessment by PAGREXCO against budgeted provisions on first come first serve basis.
  • The claims for subsidies for the financial year should reach PAGREXCO within 60 days of its closing. Claims received later are not entertained.
  • In case of claims being more than the targeted quantity these will be considered on proportionate performance basis.
  • Subsidy on inland haulage is only available if CFB cartons packaging is used.
  • The registered growers/exporters should file their claims in the prescribed performa.

 

 
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