Empowering Traders, Driving Employment, Shaping The Future
Under Chief Minister Bhagwant Singh Mann's leadership, Punjab fosters industry growth through the OTS Scheme, providing financial relief to traders.
Under the visionary leadership of Chief Minister Bhagwant Singh Mann, Punjab is rapidly becoming a beacon for industrial growth and economic prosperity. The Maan Government’s commitment to fostering a business-friendly environment is evident through transformative policies that are empowering traders, easing financial burdens, and creating employment opportunities.
Relief for Traders: The Game-Changing OTS Scheme
Understanding the long-standing demands of Punjab’s trading community, the Maan Government introduced the One-Time Settlement (OTS) Scheme, offering significant financial relief to traders.
Tax Waiver: Under the OTS scheme, taxes up to ₹1 lakh have been completely waived, providing much-needed relief to small-scale traders.
Reduction in Outstanding Taxes: For outstanding taxes ranging between ₹1 lakh and ₹1 crore, a 50% reduction has been implemented.
100% Waiver on Interest and Penalties: The government has gone a step further by waiving off interest and penalties on overdue taxes, easing the financial strain on traders.
With this initiative, over 50,000 traders across Punjab have benefitted, reinforcing the state’s commitment to supporting its business community.
Creating an Industry-Friendly Punjab
The Maan Government is determined to position Punjab as an industrial powerhouse. By addressing the infrastructural and procedural challenges, the state is laying a strong foundation for industrial growth:
Comprehensive Infrastructure Development: Punjab is investing in essential infrastructure like electricity, water, and roads to attract and retain industrial investments.
Single-Window System: A streamlined system for clearances and approvals has been implemented, significantly reducing bureaucratic hurdles for setting up businesses.
Innovative Policies: Initiatives like the introduction of Green Stamp Paper have simplified processes, making it easier for industries to establish their presence in Punjab.
Boosting Employment and Revitalizing the Economy
The government’s focus on industrial growth is directly contributing to job creation. By facilitating the establishment of industries, Punjab is ensuring that its citizens have access to meaningful employment opportunities. This aligns with the Maan Government’s vision of a ‘Rangla Punjab,’ a prosperous and vibrant state where every individual thrives.
Transforming Punjab into a Trader-Friendly State
Through progressive policies like the OTS Scheme and a proactive approach towards industrial development, the Maan Government is proving that Punjab is not just a state to do business in—it’s a state that genuinely supports its businesses.
A Vision for the Future
As Punjab soars towards new industrial heights, the government’s initiatives are creating a ripple effect of growth, equity, and prosperity. The Maan Government’s relentless pursuit of an inclusive and trader-friendly Punjab is not just building industries; it is building futures.
This is the Punjab of today-innovative, inclusive, and inspiring - a true testament to the transformative power of visionary governance.
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