What is the recently extended deadline for states to join Union Government’s Ujwal Discom Assurance Yojana (UDAY) scheme?
What is the recently extended deadline for states to join Union Government’s Ujwal Discom Assurance Yojana (UDAY) scheme?
[A]March 2017
[B]January 2018
[C]March 2018
[D]January 2017
March 2017
The Union Government has extended the timeline for states to join Ujwal Discom Assurance Yojana (UDAY) scheme by a year to March 2017. The move would help states which could not enroll in or operationalise the scheme due to various reasons such as elections and regulatory approvals. Earlier, states were required to join the scheme last fiscal and issue bonds to pay off discoms’ 50 % debt in 2015-16. The main purpose of UDAY scheme is to get these discoms out of the vicious circle of debt and enable them to purchase power to increase consumption in the country.