{"id":368858,"date":"2020-08-20T12:11:43","date_gmt":"2020-08-20T06:41:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=368858"},"modified":"2020-08-20T12:11:43","modified_gmt":"2020-08-20T06:41:43","slug":"cabinet-relaxes-working-capital-norm-for-discoms-to-get-loan-under-rs-90000-crore-liquidity-plan","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cabinet-relaxes-working-capital-norm-for-discoms-to-get-loan-under-rs-90000-crore-liquidity-plan\/","title":{"rendered":"Cabinet relaxes working capital norm for discoms to get loan under Rs 90,000 crore liquidity plan"},"content":{"rendered":"<p>NEW DELHI:  The Union Cabinet on Wednesday chose to grant significant relief to stressed power distribution companies (discom), extending a one-time relaxation in thresholds which govern whether discoms can get working capital loans under the Ujjwal Discom Assurance Yojana (UDAY) scheme.<\/p>\n<p>The move is a crucial one, since the Centre\u2019s Rs 90,000 crore liquidity relief programme for discoms is to be disbursed under UDAY by state-run power sector financiers: REC Ltd. and PFC Ltd. Under UDAY guidelines, discoms can get working capital loans of only up to 25 per cent of the previous year\u2019s revenues.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: The Union Cabinet on Wednesday chose to grant significant relief to stressed power distribution companies (discom), extending a one-time relaxation in thresholds which govern whether discoms can get working capital loans under the Ujjwal Discom Assurance Yojana (UDAY) scheme. The move is a crucial one, since the Centre\u2019s Rs 90,000 crore liquidity relief programme for discoms is to be disbursed under UDAY by state-run power sector financiers: REC Ltd. and PFC Ltd. Under UDAY guidelines, discoms can get working capital loans of only up to 25 per cent of the previous year\u2019s revenues.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,243,143],"tags":[],"class_list":["post-368858","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-new-indian-express","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/368858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=368858"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/368858\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=368858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=368858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=368858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}