Ujwal Discom Assurance Yojana (UDAY)

Ujwal 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 an objective to improve the operational & financial efficiency of the State Power Distribution Companies (DISCOMs).

• 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.
• Till now 31 states/UTs had joined this scheme Mizoram being the 27th state to join. But later, Lakshadweep ....