Bengal takes ₹1,022-cr loan from Centre to iron out discom liquidity stress
WEST BENGAL : West Bengal has taken a ₹1,022 -crore transition loan from the Centre to help its power distribution company tide over liquidity stress amid the COVID-19 pandemic.
The loan is part of the central government’s ₹90,000-crore ‘Atmanirbhar Bharat Abhiyan’ package to assist stressed distribution companies.
The West Bengal State Electricity Distribution Co Ltd (WBSEDCL) has been facing financial woes with minuscule collections in April and May resulting in an over ₹2,000- crore shortfall, officials said.
