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UDAY Scheme : Objective launch date and benefits
UDAY Scheme: Launch ,Objectives and Benefits
The Full Form of UDAY Scheme is Ujwal DISCOM Assurance Yojana.
The UDAY Scheme was launched on 15 November,2015 under the ministry of power and this is a central sponsored scheme.
Objectives of UDAY Scheme
*The Minister of State for Power & New & renewable Energy, Piyush Goyal,announced the Ujwal DISCOM Assurance Yojana(UDAY)in November 2015.
*All the states and UTs are under this scheme.
*UDAY targets to reduce the average technical & commercial loss from around 22% to 15% along with eliminating the gap between revenue-side supply& cost-side supply by 2018-19.
*The adoption of energy efficiency measures like the promotion of efficient LED bulbs,agricultural pumps,fans & air-conditioners.
*It is a debt restructuring plan for the DISCOMs & is optional for the states.
*Reduction of power cost.
*Improvement of the Operational efficiency of DISCOMS for supply of power at affordable rates.
*Increased supply of domestic coal and washed & crushed coal in states.
