Home / Companies / News / Urge all states to take special loan, pass benefit to consumers: R K Singh

Urge all states to take special loan, pass benefit to consumers: R K Singh

Minister of state for power says soft loans at 8-10% interest rate being given to discoms to help them pay dues

Premium

The Centre on Wednesday announced a Rs 92,000 crore liquidity infusion in the power distribution sector. Singh said this is the amount that power sector lenders Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) would give to the discoms.

Shreya Jai New Delhi

5 min read Last Updated : May 15 2020 | 12:09 AM IST

The Centre’s effort towards improving the liquidity position of the state-owned power distribution companies is a one-time relief during the lockdown period. Suggesting a three-pronged approach, the Union ministry of power is hopeful that several states will come on board for subscribing to the special loan scheme.

The Centre’s efforts to improve the liquidity position of state-owned power distribution companies (discoms) is a one-time relief during the lockdown period.

Suggesting a three-pronged approach, the Union Ministry of Power is hopeful that several states will subscribe to the special loan scheme.

Speaking with Business Standard, R K Singh, Union minister of

Topics : Coronavirus Lockdown Power discoms Power ministry Power Finance Corporation REC UDAY

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in