Every year over 60,000 servicemen are retired from the three Services at a comparative young age (35 to 45 years), primarily to keep a youthful profile in the Defence Forces. They are a highly trained, skilled, disciplined, active, dedicated and committed work force, that has adequate active life. Core values of courage, loyalty, integrity, motivation and reliability are imbibed in these individuals as inherent traits during service.
Welfare of this huge Human Resource is the sacred responsibility of both the Centre and State Governments as these Ex-servicemen have given the best part of their lives safeguarding our frontiers and protecting the sovereignty of our nation.
The Government of Punjab has always been a pioneer in looking after the welfare and interests of its Ex-servicemen, widows and their dependents. The Punjab Government by an Act passed by the State Legislative Assembly enacted the Punjab Ex-servicemen Corporation (PESCO) Act on 10 Aug 1978 for the welfare and uplift of ex-servicemen, war widows and their dependents in the State. PESCO is the first Ex-servicemen Corporation formed in India.
The Corporation has over the years undertaken a multitude of activities and launched projects which have benefited the ex-servicemen across the State. Over 21000 ex-servicemen have since been provided employment and over Rs Three crore disbursed as financial assitance / loans to assist ex-servicemen in self-financing their own schemes. Presently, there are around 11500 ex-servicemen on PESCO rolls, employed on various duties, bulk of them being security duties.
Punjab Ex-Servicemen Corporation (PESCO)
SCO 89-90, Sector 34 A, Chandigarh 160022
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