Ujwal DISCOM Assurance Yojana - Scheme snapshot [Jul 2016]

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

Date when Jharkhand was the first state to join the scheme.

Amount raised by the states in UDAY bonds to retire power suppliers’ debt as on 01 Aug 2016.

Savings through reduction in interest rate. 0% of target achieved [Target: ] ==> Data not available

Savings through reduction in AT&C and transmission losses. 0% of target achieved [Target: ] ==> Data not available

Improvement in collection and billing efficiency. 0% of target achieved [Target: ] ==> Data not available

Improvement through coal reforms. 0% of target achieved [Target: ] ==> Data not available

Annual savings through switching to LEDs as part of UJALA as on 09 Aug 2016.

Cabinet approves UDAY (Ujwal DISCOM Assurance Yojana) scheme for financial turnaround of Power Distribution Companies.

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.

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%.

of the DISCOM's accumulated debt will be taken over by the respective state.

of the debt will be refinanced by the DISCOM as fresh debt guaranteed by the state.