Punjab Govt Announces OTS Scheme for Industrial Plot Owners

Punjab : The Punjab government has officially notified the One-Time Settlement (OTS) scheme, bringing major relief to industrial plot owners across the state. Under this scheme, owners who have pending dues or disputes can now settle them and register their plots in their names without legal hassles. The initiative aims to boost industrial growth and streamline property ownership by resolving long-standing issues related to industrial land.

Previously, several plot owners faced difficulties due to unresolved payments and legal complications, preventing them from obtaining full ownership rights. The OTS scheme offers them a chance to clear dues with a structured payment plan and receive proper documentation. Government officials stated that this move will accelerate industrial development, attract investors, and enhance economic activity in Punjab.

Industrialists and business associations have welcomed the decision, calling it a progressive step toward easing business operations. The Punjab government urges eligible plot owners to take advantage of the scheme before the deadline. Detailed guidelines and the application process have been made available on official government portals.

Authorities emphasize that the OTS scheme is a crucial step in improving transparency and efficiency in land transactions. As more owners register their properties legally, the industrial sector is expected to witness significant growth in the coming years.