Chattisgarh joins UDAY scheme
Q. Which state has joined the UDAY scheme after inking an MoU with the Central Government?- Published on 27 Jan 16a. Rajasthan
b. Bihar
c. Gujarat
d. Chattisgarh
ANSWER: Chattisgarh
Chattisgarh join the UDAY scheme after signing the MoU with the Central Government. Government of India Chattisgarh and power distribution firm CSPDCL has signed an MoU under the Ujwal DISCOM Assurance Yojana for operational as well as financial turnaround of CSPDCL. UDAY was launched by the Central Government on November 20, 2015 to ensure distribution utilities break out of long standing chronic debt of close to INR 4.3 lakh crore. MoU will have considerable benefits for CSPDCL with Chattisgarh acquiring 75% of the outstanding debt of CSPDCL and the balance debt repriced or issued as State guaranteed DISCOM bonds at coupon rates along 3% less than average existing rate.
