20 states evince interest to avail additional borrowing for power sector
As many as 20 states have evinced interest for getting additional borrowing space for the power sector under a central scheme while Andhra Pradesh is only state to succeed in getting over Rs 2,100 crore under the programme, a release said.
The Ministry of Finance had launched a programme in June 2021 to allow additional borrowing space of Rs 80,000 crore to states, which is conditional on them undertaking and sustaining specific reforms in the power sector.
The REC Ltd is working as nodal agency for implementation of the scheme, for the Ministry of Power.
A statement issued by power ministry on Tuesday said, “This financial year (2021-22), almost 20 states have already shown interest in taking benefit under the scheme.
