Which one of the following is a purpose of ‘UDAY’, a scheme of the Government?
Providing technical and financial assistance to start-up entre- preneurs in the field of renewable sources of energy
Providing electricity to every household in the country by 2018
Replacing the coal-based power plants with natural gas, nuclear, solar, wind and tidal power plants over a period of time
Providing for financial turnaround and revival of power distribution companies
Answer is Right!
Answer is Wrong!
This question was previously asked in
UPSC IAS – 2016
State-owned power distribution companies in India have historically suffered from significant financial losses and debt, primarily due to AT&C (Aggregate Technical and Commercial) losses and tariffs not covering the cost of supply. The UDAY scheme provides a framework for states to take over a portion of their DISCOMs’ debt, and for operational improvements to reduce losses and improve efficiency.