Ujwal DISCOM Assurance Yojana - Scheme snapshot [Jul 2016]

Last Modified: Sun Aug 14 2016 17:49:07 GMT+0530 (India Standard Time)
  • 16
    states/UTs have joined the UDAY scheme as on 1st April 2016. These are: Jharkhand, Chhattisgarh, Rajasthan, Uttar Pradesh, Gujarat, Bihar, Punjab, Jammu & Kashmir, Haryana, Uttarakhand, Goa, Karnataka, Manipur, Andhra Pradesh, Madhya Pradesh and Puducherry
  • 05-Jan-2016
    Date when Jharkhand was the first state to join the scheme.
  • Rs 1,66,754 crore
    Amount raised by the states in UDAY bonds to retire power suppliers’ debt as on 01 Aug 2016.
  • 0
    Savings through reduction in interest rate. 0% of target achieved [Target: ] ==> Data not available
  • 0
    Savings through reduction in AT&C and transmission losses. 0% of target achieved [Target: ] ==> Data not available
  • 0
    Improvement in collection and billing efficiency. 0% of target achieved [Target: ] ==> Data not available
  • 0
    Improvement through coal reforms. 0% of target achieved [Target: ] ==> Data not available
  • Rs. 7,525 crore
    Annual savings through switching to LEDs as part of UJALA as on 09 Aug 2016.
  • 05-Nov-2015
    Cabinet approves UDAY (Ujwal DISCOM Assurance Yojana) scheme for financial turnaround of Power Distribution Companies.
  • Rs. 3.8 trillion
    approximate accumulated losses of DISCOMs (as on March, 2015). Due to legacy issues, DISCOMs are trapped in a vicious cycle with operational losses being funded by debt.
  • Rs. 4.3 trillion
    outstanding debt of DISCOMs (as on March, 2015). Outstanding debt of DISCOMs has increased from about Rs. 2.4 lakh crore in 2011-12 with interest rates upto 14-15%.
  • 75%
    of the DISCOM's accumulated debt will be taken over by the respective state.
  • 25%
    of the debt will be refinanced by the DISCOM as fresh debt guaranteed by the state.