Punjab, UP among 5 states to evince interest for loans under Rs 90K cr liquidity package for discoms

Punjab, Uttar Pradesh, Rajasthan, Manipur and Karnataka have evinced interest for taking loan under the Rs 90,000-crore liquidity package for discoms to pay their utilities’ outstanding towards gencos, a senior official said on Monday.

Finance Minister Nirmala Sitharaman had on May 13 announced Rs 90,000-crore liquidity infusion into cash-strapped power distribution companies (discoms), facing demand slump due to the lockdown to contain COVID-19.