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2nd March 2016, 03:18 PM
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Join Date: May 2012
Re: Central government health scheme news

Rajasthan 3rd state to join UDAY, to save Rs 21,000 cr in 3 yrs
"UDAY (Ujwal DISCOM Assurance Yojana) will help Rajasthan save Rs 21,000 crore over the next three years.

About the Ujwal DISCOM Assurance Yojana news

Rajasthan has become the third state after Jharkhand and Chhattisgarh to formally join Centre's UDAY scheme meant for revival of discoms.

It will help the state "save Rs 21,000 crore in the next 3 years".

"UDAY (Ujwal DISCOM Assurance Yojana) will help Rajasthan save Rs 21,000 crore over the next three years.

The MoU was signed by Rajasthan and its Discoms Jaipur Vidyut Vitran Nigam Ltd, Jodhpur Vidyut Vitran Nigam Ltd and Ajmer Vidyut Vitran Nigam Ltd) under the UDAY scheme

The scheme will reduce financial costs (of borrowing).

There would be benefit of around Rs 2,000-2,500 crore depending on the rate of interest.

At present the rate of interest on loans of Rs 60,000 crore was about 12 percent.

If govt get that on 8 or 8.5 percent then there will be saving of about 3.5 percent or Rs 2,500 crore every year under this scheme

The savings well ultimately help power consumers through lower tariffs


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