Ex-servicemen to set up
Tribune News Service
Chandigarh, March 19.The Punjab Ex-Servicemen Corporation
(PESCO) is setting up two institutes at Mohali and Bathinda
for training prospective candidates from Punjab for entry into
the National Defence Academy and the Indian Military Academy.
PESCO’s board of directors, at its meeting held here yesterday,
had earmarked Rs 10 lakh for the project, the corporation’s
chairman and managing director, Maj Gen US Sidhu (retd) said.
In Mohali, the department has leased premises in Phase-VII
from the Department of Child Welfare for running the training
courses, while in Bathinda the courses would be run from the
office complex of the Department of Sainik Welfare.
The PESCO has been allotted three acres of land in Bathinda
where it would build its own complex for carrying out its
activities. The foundation stone of the complex is expected
to be laid this month.
General Sidhu said PESCO was also launching a new scheme
for grant of tractor loans at subsidised rates to ex-servicemen.
Applicants for these loans should possess at least three acres
of land and be below 60 years of age. A sum of Rs 1 crore has
been set aside for this scheme.