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UDAY scheme
November 25 , 2017
2584 days
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- On the 2nd Anniversary of Ujwal DISCOM Assurance Yojana (UDAY), The Union Govt. signed four Memorandum of Understanding (MoU)under the Scheme with the State of Nagaland and with Union Territories (UTs) of Andaman & Nicobar Islands, Dadra & Nagar Haveli & Daman & Diu for operational improvements.
- Ujwal DISCOM Assurance Yojana (UDAY) is an initiative of the union Ministry of Power.
- It aims to provide financial and operational turnaround of power distribution companies.
- It has the target of making all DISCOMs profitable by 2018-19 through four initiatives.
- It includes improving operational efficiencies of Discoms, Reduction of cost of power, Reduction in interest cost of Discoms, Enforcing financial discipline on DISCOMs through alignment with state finances.
- Under this programme, states shall take over DISCOM debt.
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