Uttar Pradesh joins UDAY Scheme

Uttar Pradesh (UP) joins UDAY (Ujwal Discom Assurance Yojana) Scheme. Piyush Goyal Union Minister of State (IC) for Power, Coal and New & Renewable Energy has congratulated Hon’ble Chief Minister of UP  Shri Akhilesh Yadav on  joining UDAY. Eleven States namely Andhra Pradesh, Himachal Pradesh, Madhya Pradesh, Uttarakhand, Chhattisgarh, Jammu & Kashmir , Jharkhand , Gujarat , Punjab, Haryana and Rajasthan have already communicated their in-principle approval of  joining UDAY Scheme to Ministry of Power.
About UDAY Scheme:  The Scheme – UDAY (Ujwal Discom Assurance Yojana) has been launched to improve financial and operational efficiencies of power distribution companies (DISCOMs). It envisages to reduce interest burden, cost of power and AT&C losses. Consequently, DISCOM would become sustainable to supply adequate and reliable power enabling 24x7 power supply. The scheme provides that States would take over 75% debt of Discoms, as on 30th September, 2015 in two years.


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