LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

States take over Rs 2 lakh crore of DISCOMs debt via UDAY scheme

Participating States of UDAY have taken over the targeted debt of Rs 2.09 lakh crores of their DISCOMs under borrowing exemption from the FRBM Act given in UDAY.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
States take over Rs 2 lakh crore of DISCOMs debt via UDAY scheme
Representational Image. Photo: Pixabay
Written By: ZeeBiz WebTeam
Updated: Wed, Aug 16, 2017
12:12 pm
Mumbai, ZeeBiz WebDesk
Key Highlights: 
  • Participating States take over Rs 2.1 lakh crore of their DISCOMs
  • States to issue Rs 37,000 crores bonds
  • Net savings of approximately Rs 15,000 crore

Ministry of Power on Wednesday stated that Indian states took over Rs 2.09 lakh crore of DISCOM's debt through Ujwal DISCOM Assurance Yojana (UDAY) scheme. 

In a release, the ministry said, "Participating States of UDAY have taken over the targeted debt of Rs 2.09 lakh crores of their DISCOMs under borrowing exemption from the FRBM Act given in UDAY for the years 2015-16 and 2016-17."

With this, the process of states taking over the targeted debt and issuing them as State Development Loans (SDL) bonds has completed. 

Till March 2017, the participating states' DISCOMs have  achieved net savings of approximately Rs 15,000 crore.

Further, in the participating States, the Average Cost of Supply (ACS) - Average Revenue Realized (ARR) gaps have come down by almost 14 paise per Unit and the AT&C losses have reduced by almost 1% in FY 17.

Moreover, the participating states' DISCOMs have to issue bonds worth approximately Rs 37,000 crores, for which the ministry mentioned would be done in due course. 

UDAY scheme has been active since November 2015. Under this, state governments are required to take over 75% of short-term liabilities of their respective discoms (as in September-end 2015), 50% in the first year (FY16) and the balance in FY17. Discoms are expected to issue bonds for the remaining 25%of their debt.
 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
UDAY schemUjwal DISCOM Assurance YojanaDISCOMstates took over Rs 2.09 lakh of DISCOMsstate development loansSDLs bondsDiscomsEconomyMinistry of PowerEnergy
RELATED NEWS

LATEST NEWS

Karnataka School Exam News Today: Students of class one to nine will be MARKED under THIS SCHEME - check all details here

Stock market holidays April 2021: BSE, NSE to remain CLOSED tomorrow; next holiday in May on THIS date

LPG gas cylinder price: Get cylinder for just Rs 9? Rs 800 discount? Paytm cashback offer EXPLAINED

PUBG Mobile Korea (kr) version update: Check India restriction, update and other details now

Apex Legends Mobile pre-registration: Will this game overtake PUBG Mobile, COD Mobile and Free Fire in India? Check here!

Check best Ram Navami 2021 WhatsApp status, DP, stickers, GIFs, wishes, quotes, messages and greetings

JKBOSE 11th Result Declared: Check results for Kashmir Division on jkbose.ac.in Website - all details here

Gold Price today-April 20: Yellow metal down Rs 123 on MCX; check rates in Delhi, Mumbai, Hyderabad and Chennai

WATCH: Mumbai pointsman Mayur Shelkhe who saved life of child felicitated, welcomed with claps at Central Railway office

US advises its citizens to avoid travelling to India amid surge in Covid-19 cases

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved