https://en.bharatpedia.org/w/index.php?action=history&feed=atom&title=Ujwal_DISCOM_Assurance_YojanaUjwal DISCOM Assurance Yojana - Revision history2026-08-22T12:17:34ZRevision history for this page on the wikiMediaWiki 1.43.6https://en.bharatpedia.org/w/index.php?title=Ujwal_DISCOM_Assurance_Yojana&diff=274089&oldid=prev->Tharun S Yadla: Added Template2021-04-02T07:20:26Z<p>Added Template</p>
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{{Infobox project<br />
| name = UDAY<br />
| mission_statement = "Financial turnaround of Power Distribution Companies"<br />
| commercial = Yes<br />
| location = India<br />
| owner = Supported by [[Ministry of Power (India)]]<br />
| founder = [[Centrally Sponsored Scheme]]<br />
| established = {{Start date|2015|11}}<br />
}}<br />
'''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.<ref>{{cite web|title=UDAY (Ujwal DISCOM Assurance Yojana) for financial turnaround of Power Distribution Companies|url=http://pib.nic.in/newsite/PrintRelease.aspx?relid=130261|website=Press Information Bureau Government of India Cabinet}}</ref> It allows state governments, which own the DISCOMs, to take over 75 percent of their debt as of September 30, 2015, and pay back lenders by selling bonds. DISCOMs are expected to issue bonds for the remaining 25 percent of their debt.<br />
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== Launch ==<br />
The scheme was announced by [[Piyush Goyal]], Minister of State (IC) for Power, Coal & New and Renewable Energy (Now Railway minister and coal minister) in November 2015. The scheme is optional for the states to join. [[Jharkhand]] became the first state to come under uday scheme. Other states that have given their in-principle approval are [[Gujarat]], [[Chhattisgarh]], [[Andhra Pradesh]], [[Karnataka]], [[Rajasthan]], [[Punjab]], [[Haryana]], [[Jammu and Kashmir (state)|Jammu and Kashmir]], [[Himachal Pradesh]], [[Madhya Pradesh]], [[Uttarakhand]], [[Telangana]], [[Assam]].<ref>{{cite news|title=Telangana to join Centre's Uday scheme today|url=http://www.business-standard.com/article/news-ani/telangana-to-join-centre-s-uday-scheme-today-116062400181_1.html|work=Business Standard India|date=24 June 2016}}</ref><br />
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Recently{{When|date=April 2020}} [[Uttar Pradesh]], [[Bihar]], [[Maharashtra]], [[Tamil Nadu]] and [[Mizoram]] joined, thereby making the total of 27 states to have joined.<ref>{{cite news|title=The Uday plug-in|url=http://indianexpress.com/article/opinion/columns/the-uday-plug-in/|work=The Indian Express|date=17 March 2016}}</ref> Till November 2017, only states that have not joined it are [[Odisha]] and [[West Bengal]]. Till now{{When|date=April 2020}} 31 states/UT have joined this scheme [[Mizoram]] being the 27th state to join. [[Lakshadweep]] joined the scheme on 28 February 2018,<ref>{{cite web |title=Lakshadweep joins "UDAY" scheme; would derive an overall net benefit of Rs 8 crore through "UDAY" |url=http://pib.nic.in/newsite/PrintRelease.aspx?relid=176895 |website=Press Information Bureau Government of India}}</ref> bringing the total of states and Union Territories covered to 32.<br />
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==References==<br />
{{reflist}}<br />
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{{Government Schemes in India}}<br />
{{Energy Ministries and Departments of India}}<br />
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[[Category:Electric power in India]]<br />
[[Category:Modi administration initiatives]]<br />
[[Category:Government finances in India]]<br />
[[Category:2015 in Indian economy]]</div>->Tharun S Yadla