<h1>Punjab Cabinet Launches OTS Schemes for Industrialists to Settle Plot Dues with Waived Penalties and 8% Interest</h1> The Punjab Cabinet has approved two one-time settlement (OTS) schemes to assist industrialists in clearing long-standing dues for industrial plots in focal points. These schemes waive compounding and penal interests, allowing payments with an 8% simple interest rate. The first scheme targets plot holders who haven't paid land enhancement charges, while the second is for those who couldn't pay the principal amount. The schemes are available until December 31, 2025. The initiative, led by the AAP government, aims to promote industry and primarily benefits small and medium enterprises.