The State government secured a major relief in terms of borrowings for strengthening power sector.
The government has received approved for raising approximately ₹10,200 crore under the UDAY (Ujwal Discom Assurance Yojana) scheme from the Union government. The development follows the meeting of Chief Secretary Somesh Kumar and Finance Special Chief Secretary K. Ramakrishna Rao with Union Finance Secretary on Wednesday. UDAY was launched with an overall aim of operational and financial turnaround of DISCOMs through efficiency improvements and financial restructuring in generation, transmission and distribution.
The Chief Secretary and the Finance Special Chief Secretary are camping in the national capital along with Chief Minister K. Chandrasekhar Rao. The meeting comes in the light of the Chief Minister’s direction to the State administration to take up the pending issues with the Central government.
