Friday, July 1, 2016

UDAY SCHEME

Ujwal DISCOM Assurance Yojna (UDAY)


UDAY Scheme has been launched by Union Ministry of Power for financial restructuring of debt of power distribution companies. 
It aims for financial revival and turnaround of Power Distribution companies (DISCOMs) and also ensures a sustainable permanent solution to the problem.
By becoming part of it, states power DISCOMs can convert their debt into state bonds as well as roll out number of measures to improve efficiency at power plants. 
It seeks to make DISCOMs financially and operationally healthy so they can supply adequate power at affordable rates and play important role in Union Government’s ambition of meeting target of 100% Village electrification and 24X7 Power For All.

Worth reading