AP, Central government sign pact on UDAY scheme

Q.  AP and Centre have signed a pact on which scheme/mission on 25th June 2016?
- Published on 27 Jun 16

a. Bharat Nirman
b. Smart City
c. Swachch Bharat Abhiyan
d. UDAY

ANSWER: UDAY
 
Andhra Pradesh has formally joined the Centre’s scheme to revive ailing electricity distribution firms and stave off debt amounting to INR 11,000 crore in the current fiscal.
  • Ministry of Power has signed a tripartite agreement to formally join the scheme with AP government and two state discos APSPDCL and APEPDCL.
  • This is a landmark achievement when the state reduces power transmission, distribution and billing losses through the agreement to 5-6 percent soon.
  • State’s current TDC stood at 10.19 percent and if achieved.
  • AP has come forward to also replace 15 lakhs agricultural pump sets over the next three years with energy efficient pump sets.

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