The UDAY scheme was launched on November 15, 2015, under the Government of India for operational and financial turnaround of the Power Distribution Companies (DISCOMs) owned by any state. This scheme was established with a vision to provide affordable and accessible 24×7 Power to all. UDAY scheme also aims at providing a solution for revenue-side efficiency as well as cost-side efficiency.
OVERVIEW OF UDAY YOJANA
|Full name||Ujjwal DISCOM Assurance Yojana|
|Launched by||PM Narendra Modi|
|Nodal Ministry||Ministry of Power|
|Sector||Central sector scheme|
|Mission statement||Financial turnaround of Power Distribution Companies|
|Objective||to improve the operational and financial efficiency of the State DISCOMs.|
OBJECTIVE AND BENEFITS OF UDAY YOJANA
Piyush Goyal, the Minister of State for Power and New and Renewable Energy first announced the Ujwal DISCOM Assurance Yojana (UDAY) in November 2015. A total of 32 States and Union Territories are under this scheme. UDAY scheme focuses on proposing an annual tariff increase, adjusting the quarterly fuel cost, reduction of interest burden, rationalization of coal price, reduction in the fuel cost through coal swapping, time-bound loss reduction, etc.
HOW TO APPLY FOR UDAY YOJANA
Click here to apply
•ELECTRICITY IN INDIA