Union Government and Jammu and Kashmir has signed a MoU under the UDAY scheme on March 15, 2016.What does stands for UDAY

2016

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Ujwal DISCOM Assure Yojana
B	Ujwal DISPLAY Assurance
C	Ujwal DISCOM Assurance Yojana
D	None of the above

Explanation:

Detailed explanation-1: -Ujwal DISCOM Assurance Yojana (UDAY) targets in reducing the average technical and commercial loss from around 22% to 15% along with eliminating the gap between revenue-side supply & cost-side supply by 2018-19.

Detailed explanation-2: -Operational improvement. Reduction of cost of generation of power. Development of Renewable Energy. Energy efficiency & conservation.

Detailed explanation-3: -Ujjwal DISCOM Assurance Yojana (UDAY) is the financial turnaround and revival package for electricity distribution companies of India (DISCOMs) initiated by the Government of India with the intent to find a permanent solution to the financial mess that the power distribution is in.

Detailed explanation-4: -Only operational (10 states, 1 UT): Gujarat, Uttarakhand, Goa, Karnataka, Puducherry, Manipur, Sikkim, Arunachal Pradesh, Kerala, Tripura & Mizoram.

Detailed explanation-5: -States will take over 75% of the DISCOM debt as on Sept 30, 2015-50% in FY 2015-16 and 25% in FY 2016-17. States to issue non-SLR including SDL bonds, to take over debt and transfer the proceeds to DISCOMs in a mix of grant, loan, equity. Maturity period of bonds-10-15 years. Moratorium period – up to 5 years.

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