PIDB meets its fund requirements for development of infrastructure projects in the State of Punjab through the levy/deposit of Re. 1 per litre infrastructure fee on Petrol and 3% fee on all agricultural
produces except fruits, vegetables and pulses, which will work out to approximately Rs 1110 crore (during 2014 -15). This amount constitutes the Punjab Infrastructure Development Fund (PIDF) which is utilized on:
The year wise fund inflow of Fee is :
- Augmentation of existing infrastructure;
- Punjab Governments contribution to equity in priority infrastructure projects; and
- Establishment/recoupment of the Punjab Infrastructure Initiative Fund (PIIF).
Fee Collected (Rs. In crore)
Total actual receipt of Infrastructure
Development Fee (ID Fee) till 31st March 2014 has been to the tune of Rs.
5981.95 crores. With effect from April 1, 2008, FEE on all
agricultural produce except fruits, vegetables and pulses
has been enhanced from 1% to 2% for every hundred rupees for creation of
major infrastructure projects needed for the economic growth of the state
The rate of fee has been further enhanced from 2% to 3% wef 24th September, 2008, but Govt. of India, on whose behalf FCI procures food grains of A- (SO) from CARE Ltd. and BBB + (SO) from ICRA Ltd., PIDB
(Wheat and Paddy) for central pool, has not yet sanctioned the revised fee @ 3%. Thus PIDB is getting ID Fee at the rate of 2% on Wheat and Paddy
for projects during 2002-03 to 2014-15 :