Punjab asks immediate release of Rs 1,300 crore for Nangal plantHome

Punjab Chief Minister Parkash Singh Badal asked Finance Minister to release immediately one-time grant of Rs 1,300 crore for expansion of National Fertilizer Ltd's plant at Nangal.

The Punjab Chief Minister called on Jaitley here and sought his intervention to put the Rs 5,500-crore expansion project of Nangal fertiliser plant on fast track.

Badal also asked the Centre to continue Rashtriya Krishi Vikas Yojana (RKVY) as a central sector scheme with 100 per cent funding, and retention of existing sharing pattern of other flagships schemes like National Health Mission, National Food Security Mission.

The Ministry of Fertilizers has already granted approval to undertake the unit expansion as it would not only generate tremendous employment potential in the region but also meet the ever-mounting demand of urea in the state.

He also impressed upon Jaitley to get the one-time grant of Rs 1300 crore released expeditiously so that the expansion of this project could be undertaken in fast mode.

Source: http://economictimes.indiatimes.com/