Allotment of plots upto 2 acres, excepting under "Off-the-Shelf" Scheme shall be made by the Allotment Committee consisting of the following:

• Director of Industries, Punjab Chairman.
• Managing Director/PSIEC.
• Managing Director/PSIDC
• Managing Director/PFC
• Chairman/Member Secretary/PPCB
• Heads of the Sub-Groups
• Industrial Adviser-Cum-Additional Director of Industries.
• Nominee of the developing Agency Member Secretary.

The recommendations of the Sub-Group/s shall be placed before the Allotment Committee for consideration and making allotments. The decision of the Allotment Committee on applications for allotment of plots shall be final and no appeal shall lie against it . The Allotment Committee would meet as and when required and devise its own procedure for conducting the business.

Issuance of Letter of Intent (LOI)
The developing agency will issue Letter Of Intent (LOI) to the allottee/s, incorporating therein among other conditions that the LOI holder will be required to get the project appraised regarding techno-economic feasibility form financial institution, scheduled commercial banks or other public sector consultants and submit the appraisal report to developing agency within three months of issue of LOI. The developing agency will hand over possession of land to the allottee on submission of appraisal report.

The LOI holder will be required to deposit additional 30% of the cost of plot within 45 days from the date of issue of LOI. The allottee will be required to complete the following additional formalities within a period of twelve months from the date of possession:

• Obtain provisional registration of his unit from the concerned GM/DIC or SIA registration as applicable.
• Submit building plans/drawings for scrutiny.
• Obtain consent of financial institution/bank to advance loan for the proposed project
• In case of self financing, submit proof of own sources
• Obtain NOC/consent to establish from PPCB
• Make application for power /electric connection

In case an entrepreneur fails to complete the above formalities within the prescribed period of twelve months, he can apply, for seeking extension of LOI for additional six months, to the developing agency, provided , he has taken partial effective steps. However, another special extension of LOI for six months can be considered by the developing agency upon payment of extension fee @ 2.5% of the cost of plot in exceptional cases. No further extension shall be allowed under any circumstances.