Implementing agency of UDAY scheme

Q.  UDAY scheme is implemented by -
- Published on 14 Dec 15

a. Ministry of Skill Development And Entrepreneurship
b. Ministry of Human Resouce Development
c. Ministry of Minority Affairs
d. Ministry of Power

ANSWER: Ministry of Power
 
- UDAY is Ujwal DISCOM Assurance Yojana
- UDAY provides for the financial turnaround and revival of Power Distribution companies
- DISCOMs in the country have accumulated losses of approximately Rs. 3.8 lakh crore and outstanding debt of approximately Rs. 4.3 lakh crore (as on March, 2015).

Four initiatives of UDAY scheme:

1. Improving operational efficiencies of DISCOMs
2. Reduction of cost of power
3. Reduction in interest cost of DISCOMs
4. Enforcing financial discipline on DISCOMs through alignment with State finances

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