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Pradhan Mantri PM UDAY Yojana: All you need to know

 

Pradhan Mantri PM UDAY Yojana: All you need to know is available here. The Ujjwal DISCOM Assurance Yojana (UDAY) is an Indian electricity distribution company’s financial turnaround and revival plan. The Government of India launched UDAY with the goal of finding a long-term solution to the financial disaster that the power distribution system is in.

In November 2015, Piyush Goyal, Minister of State for Power, Coal, and New and Renewable Energy, announced the scheme. The states can choose whether or not to participate in the plan. The state of Jharkhand was the first to join the Uday plan. Gujarat, Chhattisgarh, Andhra Pradesh, Karnataka, Rajasthan, Punjab, Haryana, Jammu & Kashmir, Himachal Pradesh, Madhya Pradesh, Uttarakhand, Telangana, and Assam are among the states that have given their in-principle permission. Uttar Pradesh, Bihar, Maharashtra, Tamil Nadu, and Mizoram later joined.

 

PM Uday Yojana in Hindi

उज्ज्वल डिस्कॉम एश्योरेंस योजना (उदय) भारतीय बिजली वितरण कंपनी की वित्तीय बदलाव और पुनरुद्धार के लिए बनी योजना है। बिजली वितरण प्रणाली जिस वित्तीय आपदा में है, उसका दीर्घकालिक समाधान खोजने के लक्ष्य के साथ भारत सरकार ने उदय की शुरुआत की।

नवंबर 2015 में, बिजली, कोयला और नवीन और नवीकरणीय ऊर्जा राज्य मंत्री पीयूष गोयल ने इस योजना की घोषणा की। राज्य यह चुन सकते हैं कि योजना में भाग लेना है या नहीं। उदय योजना में शामिल होने वाला पहला राज्य झारखंड था। गुजरात, छत्तीसगढ़, आंध्र प्रदेश, कर्नाटक, राजस्थान, पंजाब, हरियाणा, जम्मू और कश्मीर, हिमाचल प्रदेश, मध्य प्रदेश, उत्तराखंड, तेलंगाना और असम उन राज्यों में शामिल हैं, जिन्होंने सैद्धांतिक रूप से अनुमति दी है। उत्तर प्रदेश, बिहार, महाराष्ट्र, तमिलनाडु और मिजोरम बाद में इसमें शामिल हो गए।

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PM UDAY: Registration Aims and objectives of the scheme

PM UDAY was founded with the goal of providing affordable and accessible power to everyone, 24 hours a day, seven days a week. It is a significant step forward in the Power industry, which has seen a succession of historic advances across the whole value chain, from fuel supply to generation, transmission, and consumption, over the years.

UDAY ensures the growth of lively and efficient DISCOMs by permanently resolving the sector’s past and potential future challenges. It gives DISCOMs the chance to break even in the next two to three years.

The aims of the UDAY scheme will be observed through these of the four initiatives:

 

Improving DISCOMs’ operational efficiencies

The average AT&C loss will be reduced through operational efficiency enhancements such as mandatory smart metering, transformer upgrades, and metre upgrades, as well as energy efficiency initiatives such as efficient LED lamps, agricultural pumps, fans, and air conditioners.

 

Lowering DISCOMs’ power costs

Increased domestic coal supply, coal linkage rationalisation, liberal coal swaps from inefficient to efficient plants, coal price rationalisation based on GCV (Gross Calorific Value), availability of washed and crushed coal, and speedier transmission line completion all contribute to reducing power prices.

 

Lowering DISCOMs’ interest costs

States issue non-SLR bonds, including SDL bonds, on the market or directly to the banks / financial institutions (FIs) that hold the DISCOM debt to the appropriate amount applicable.

 

Enforcing financial discipline on DISCOMs through alignment with State budgets

DISCOMs’ financial liabilities are contingent liabilities of the individual States and must be treated as such. DISCOM debt is de facto state borrowing that is not included in de jure borrowing. Credit rating firms and multilateral agencies, on the other hand, are aware of this de facto debt in their assessments.

Further provisions for spreading the financial load on states over three years will provide states more freedom in handling interest payments on the debts they have taken over in the first few years, within their existing fiscal space.

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FAQs

What is the full form of UDAY?

The Ujjwal DISCOM Assurance Yojana is the full form of UDAY.

How to monitor the status of my PM Uday?

  • Select “Published Applications” or “Disposed Applications” from the drop-down menu.
  • This brings up a page with the application list and the status of the application.

What exactly is an unauthorised colony?

Between the 1960s and the early 2000s, Delhi had a number of Unauthorized Colony regularisation drives (UACs). UACs are a type of unplanned housing that is developed on property that is either not zoned for residential reasons or does not fall within the city’s master plan’s development area.

What exactly is PM UDAY Scheme?

A Plan to Help Power Distribution Companies Restructure Their Finances (DISCOMs).

What is the full form for DISCOM?

The full form for DISCOM is Distribution Company(India).

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