Budget 2021: Govt may announce new scheme for revival of discoms to achieve 24X7 power for all

NEW DELHI : The government may announce a new scheme for cash-strapped and loss-making electricity distribution utilities to reduce stress in the sector and achieve the goal of ’24X7 Power for All’, a source said.

“The discoms are cash-strapped and need some revival package for maintaining 24X7 power supply. A new scheme for revival of discoms has been deliberated upon, which may be announced in the General Budget on Monday,” a source said.

The Centre in November 2015 introduced the UDAY (Ujjwal DISCOM Assurance Yojana) scheme for the revival of the debt-laden discoms.

Under the scheme, discoms were envisaged to turn around financially within three years from signing agreements under it.