Chhattisgarh joins UDAY scheme for debt-laden discoms

Chhattisgarh has formally joined the 'UDAY' scheme of the central government which is meant for revival of debt-laden discoms.
"Congratulations to Dr Raman Singh on Chhattisgarh becoming the 9th State to formally adopt UDAY (Ujwal DISCOM Assurance Yojana)," Power Minister Piyush Goyal tweeted.
Andhra Pradesh, Jharkhand, Rajasthan, Punjab, Jammu & Kashmir, Himachal Pradesh, and Uttarakhand had already communicated their in-principle approval to the Power Ministry for joining the UDAY scheme.
The scheme is optional and gets operationalised by signing a pact between states, state discoms and the Centre.
UDAY aims at reviving ailing state electricity boards and operational efficiencies of power distribution companies. It envisages on reducing interest burden, cost of power and AT&C losses.

Consequently, the discoms will become sustainable to provide adequate and reliable power enabling 24x7 power supply. The scheme provides that states would take over 75 per cent debt of discoms, as on September 30 in two years.