Ujjwal DISCOM Assurance Yojana (UDAY) is the financial turnaround and revival package for electricity distribution companies of India (DISCOMs) initiated by the Government of India with the intent to find a permanent solution to the financial mess that the power distribution is in. It allows state governments, which own the DISCOMs, to take over 75 percent of their debt as of September 30, 2015, and pay back lenders by selling bonds. DISCOMs are expected to issue bonds for the remaining 25 percent of their debt.
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25 Important Schemes Launched by Modi Government
In 2014, when the Bharatiya Janata Party in the country gave the responsibility of taking charge of the post of Prime Minister to Narendra Damodar Das Modi. After this, seeing the popularity of the Prime Minister, this government became known as Modi government. This government launched different schemes in the interest of the citizens of…