{"id":1871,"date":"2024-03-30T01:00:29","date_gmt":"2024-03-29T19:30:29","guid":{"rendered":"https:\/\/lotusarise.com\/qna\/?p=1871"},"modified":"2024-04-03T07:09:36","modified_gmt":"2024-04-03T01:39:36","slug":"q-which-one-of-the-following-is-a-purpose-of-uday-a-scheme-of-the-government","status":"publish","type":"post","link":"https:\/\/lotusarise.com\/qna\/upsc\/q-which-one-of-the-following-is-a-purpose-of-uday-a-scheme-of-the-government","title":{"rendered":"Q.\u00a0Which one of the following is a purpose of \u2018UDAY\u2019, a scheme of the Government?"},"content":{"rendered":"\n<ul class=\"mcq wp-block-list\">\n<li>Providing technical and financial assistance to start-up entre-preneurs in the field of renewable sources of energy<\/li>\n\n\n\n<li>Providing electricity to every household iv the country by 2018<\/li>\n\n\n\n<li>Replacing the coal-based power plants with natural gas, nuclear, solar, wind and tidal power plants over a period of time.<\/li>\n\n\n\n<li>Providing for financial turnaround and revival of power distribution companies<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>Answer:<\/strong>&nbsp;<strong>(d) Providing for financial turnaround and revival of power distribution companies<\/strong><\/p>\n<\/blockquote>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"ujwal-discom-assurance-yojana\">Ujwal DISCOM Assurance Yojana:<\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>In 2015<\/strong>, the Government of India (<strong>Ministry of Power<\/strong>) launched UDAY Scheme&nbsp;<strong>to aid operational and financial turnaround of Power Distribution Companies<\/strong>&nbsp;(DISCOMs) owned by any state.<\/li>\n\n\n\n<li>UDAY is basically\u00a0<strong>a debt restructuring plan&nbsp;<\/strong>for DISCOMs (to improve their operational efficiency) and was kept\u00a0<strong>optional for states.<\/strong>\n<ul class=\"wp-block-list\">\n<li>Joining states to undertake 75% debts of their respective DISCOMs, while the remaining 25% debts will be issued to DISCOMs in the form of bonds.<\/li>\n\n\n\n<li><strong>These states will receive additional priority funding<\/strong>&nbsp;under numerous schemes such as Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY) and Integrated Power Development Scheme (IPDS).<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>This scheme was established with a vision&nbsp;<strong>to provide affordable and accessible 24\u00d77 power to all.<\/strong><\/li>\n\n\n\n<li>It also aims&nbsp;<strong>to provide a solution for revenue-side efficiency and cost-side efficiency<\/strong>&nbsp;and envisages reform measures in the following sectors \u2013<strong>&nbsp;generation, transmission, distribution, coal and energy efficiency.<\/strong><\/li>\n\n\n\n<li><strong>Initially<\/strong>, the scheme was targeted for four years until 2019, providing a revival package for electricity distribution companies.<\/li>\n\n\n\n<li>However, after understanding the impact and prospect of this scheme, the government launched \u2018<strong>UDAY 2.0<\/strong>\u2019 under the Union Budget 2020-21.<\/li>\n\n\n\n<li><strong>Key Objectives of the UDAY Scheme<\/strong>:\n<ul class=\"wp-block-list\">\n<li><strong>Reduce the aggregate technical &amp; commercial (AT&amp;C) loss<\/strong>&nbsp;(from ~22% to 15%) by 2018-19.<\/li>\n\n\n\n<li><strong>Improve operational efficiency<\/strong>&nbsp;via ensuring compulsory smart metering, upgrading transformers and meters.<\/li>\n\n\n\n<li><strong>Adopt energy efficiency measures&nbsp;<\/strong>such as initiate promotion of energy-efficient LED bulbs, etc.<\/li>\n\n\n\n<li><strong>Reduce power costs, interest burden and power losses<\/strong>&nbsp;in the distribution sector.<\/li>\n\n\n\n<li><strong>Encourage states to actively participate in the scheme<\/strong>&nbsp;by providing incentives to the performing state.<\/li>\n\n\n\n<li>In addition,\u00a0<strong>the following advantages will be provided<\/strong>:\n<ul class=\"wp-block-list\">\n<li>Increased supply of domestic coal<\/li>\n\n\n\n<li>Rationalisation of coal prices<\/li>\n\n\n\n<li>Faster completion of interstate transmission lines<\/li>\n\n\n\n<li>Power purchase through transparent competitive bidding, etc.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Answer:&nbsp;(d) Providing for financial turnaround and revival of power distribution companies Ujwal DISCOM Assurance Yojana:<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[1,3],"tags":[38],"years":[57],"class_list":["post-1871","post","type-post","status-publish","format-standard","hentry","category-upsc","category-prelims","tag-indian-economy","years-57"],"acf":[],"taxonomy_info":{"category":[{"value":1,"label":"UPSC"},{"value":3,"label":"Prelims"}],"post_tag":[{"value":38,"label":"Indian Economy"}],"years":[{"value":57,"label":"2016"}]},"featured_image_src_large":false,"author_info":{"display_name":"LotusArise","author_link":"https:\/\/lotusarise.com\/qna\/author\/team-lotusarise"},"comment_info":0,"category_info":[{"term_id":1,"name":"UPSC","slug":"upsc","term_group":0,"term_taxonomy_id":1,"taxonomy":"category","description":"","parent":0,"count":1269,"filter":"raw","cat_ID":1,"category_count":1269,"category_description":"","cat_name":"UPSC","category_nicename":"upsc","category_parent":0},{"term_id":3,"name":"Prelims","slug":"prelims","term_group":0,"term_taxonomy_id":3,"taxonomy":"category","description":"","parent":1,"count":1251,"filter":"raw","cat_ID":3,"category_count":1251,"category_description":"","cat_name":"Prelims","category_nicename":"prelims","category_parent":1}],"tag_info":[{"term_id":38,"name":"Indian Economy","slug":"indian-economy","term_group":0,"term_taxonomy_id":38,"taxonomy":"post_tag","description":"","parent":0,"count":225,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/1871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/comments?post=1871"}],"version-history":[{"count":0,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/1871\/revisions"}],"wp:attachment":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/media?parent=1871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/categories?post=1871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/tags?post=1871"},{"taxonomy":"years","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/years?post=1871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}