Punjab Mandi Board becomes defaulter, fails to pay installment taken from 4 banks
Chandigarh: A big blow to Punjab Government as Punjab Mandi Board is currently facing financial crisis due to the non-release of the Rural Development Fund (RDF) dues by the Government of India.
As per the sources, Punjab Mandi Board became the defaulter as it failed to pay an installment for the loan taken from a consortium of four banks.
As per the data collected, the State Government has not received RDF dues from the Centre for last three crop season which amounts to Rs 3,200.
The Mandi Board, once the most cash-rich board in the state, has not been able to pay the instalment of Rs 545 crore, due since January.
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- PTC NEWS
