Chandigarh, Mar 21 (UNI) Punjab Chief Minister Capt Amarinder Singh on Wednesday said his government was ready to upgrade the existing Payal Sub-Yard to new market committee if it fulfills all the requisite norms for upgradation.
Replying to a question raised by Payal MLA Lakhvir Singh Lakha, the Chief Minister said that the government did not have any proposal at present to establish a market committee at Payal, and the Payal Sub-Yard could be elevated to market committee only if it met certain conditions, including a minimum annual income of Rs 2.5 crore (notably, the sub-yard’s income was Rs 1.73 crore in 2015-16 and Rs 1.91 crore in 2016-17).
The Chief Minister pointed out that there were 153 market committees in the state, which comprises Principal Yards and Sub Market Yards. The Sub Yard Payal was situated within the notified market area of Doraha market committee in Ludhiana district. To be eligible for upgradation, it should be located at least 16 km from the nearest market committee, as against the existing 10 km.