PFC asks discoms to use PSBs, RRBs for central govt schemes

Power Finance Corporation (PFC) has requested state-run power distribution companies (discoms) to maintain dedicated bank accounts only in public-sector banks (PSBs) and regional rural banks for receiving and utilising funds for schemes run by the central government.

The two major central government schemes in the power sector are the Integrated Power Development Scheme (IPDS) and the Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY).