Punjab Ex Servicemen Corporation
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.