Which one of the following is the purpose of ‘UDAY’, a scheme of the Government?
✓ Correct answer: d) Providing for financial turnaround and revival of power distribution companies
ExplanationUDAY (Ujwal DISCOM Assurance Yojana), launched in November 2015, aims to address the financial and oper- ational inefficiencies of power distribution companies (DIS- COMs).It seeks to improve their financial health by allowing state governments to take over 75% of their debt and service the remaining through bonds.The scheme focuses on reducing Aggregate Technical and Commercial (AT&C) losses to 15% by 2019, lowering power generation costs through energy efficien- cy, and enhancing service delivery with uninterrupted power supply and timely billing for consumers.77
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