UDAY not a failure, new scheme likely in Union Budget, says RK Singh
NEW DELHI : Asserting that the UDAY scheme was not a failure power minister R.K. Singh on Monday said an improved version of the programme, meant for revival for discoms, may be announced in the Union Budget later this week.
“We have discussed the new (UDAY) scheme with finance ministry. We expect it to find place in the Budget,” Singh said at the sidelines of the listing ceremony of the $750 million international bond of Power Finance Corporation (PFC) at NSE.
He also indicated that unlike earlier practice of having multiple schemes, the centre would channelise all efforts through one scheme, and states would have to reduce the losses of discoms to get all the benefits.
