Nearly ₹70,590 cr worth of loans sanctioned to discoms under liquidity package: Govt

NEW DELHI : As much as ₹70,590 crore worth of credit has been sanctioned to discoms under the liquidity package for payment of dues by these utilities, Parliament was informed on Sunday.

Finance Minister Nirmala Sitharaman in May this year had announced a ₹90,000 crore liquidity infusion into cash-strapped discoms for clearing their outstanding dues till March 2020.

Now, the government is in the process of enhancing this package to ₹1.2 lakh crore factoring in discoms outstanding dues till June this year. Some states had urged the central government to hike this liquidity package by factoring in outstanding dues of April and May as well.