The interest cost of states participating in Ujwal Discom Assurance Yojana (UDAY) scheme has come down by around Rs 11,989 crore for April-December of 2016-17 over the year-ago period.
“As per the information available, the interest cost of states participating in UDAY has reduced by Rs 11,989 crore, approximately for the first nine months of the current financial year compared to the financial year (2015-16),” Power Minister Piyush Goyal said in a reply to the Rajya Sabha.
Ujwal Discom Assurance Yojana (UDAY) aims to reduce the interest burden, cost of power and energy losses in state-owned distribution utilities with an objective of achieving their sustainable operational and financial turnaround.
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