The UDAY scheme was launched by the Ministry of Power, Government of India and was approved by the Union Cabinet on 5 November 2015. The purpose of the scheme can consist of a combined generation, transmission, and distribution undertakings. The scheme is applicable only for State-owned DISCOMs.
The main objectives of the scheme are:
The main features of the UDAY scheme are mentioned below:
Participating states will get the below-mentioned benefits:
Financial Year | Percentage of DISCOM loss for the previous year to be handled by the state |
2015-2016 | 0% loss of 2014-2015 |
2016-2017 | 0% loss of 2015-2016 |
2017-2018 | 5% loss of 2016-2017 |
2018-2019 | 10% loss of 2017-2018 |
2019-2020 | 25% loss of 2018-2019 |
2020-2021 | 50% loss of 2019-2020 |
Losses are calculated based on the amount of loss that has incurred for the previous year and the current year is not considered.
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