PM To Launch Power Ministry’s Flagship Revamped Distribution Sector Scheme.

• Prime Minister Narendra Modi is set to launch the Ministry of Power’s flagship Revamped Distribution Sector Scheme, which is aimed at improving the operational efficiencies and financial sustainability of the Distribution Companies (DISCOMs) and power departments.
• The scheme will be launched by PM Modi during a programme marking the culmination of ‘Ujjwal Bharat Ujjwal Bhavishya – Power @2047’ on 30 July 2022 via video conferencing.
• With an outlay of over Rs 3 lakh crore over a period of five years from FY 2021-22 to FY 2025-26, the scheme aims to provide financial assistance to DISCOMs for modernisation and strengthening of distribution infrastructure, focussing on improvement of the reliability and quality of supply to end consumers.
• It also aims to reduce the AT&C (Aggregate Technical and Commercial) losses to pan-India levels of 12-15 per cent and ACS-ARR (Average Cost of Supply-Average Revenue Realised) gap to zero by 2024-25 by improving the operational efficiencies and financial sustainability of all state-sector DISCOMs and power departments.

UDAY Scheme – Centrally Sponsored Scheme

• The UDAY scheme was launched on November 15, 2015, under the Government of India for operational and financial turnaround of the Power Distribution Companies (DISCOMs) owned by any state.
• This scheme was established with a vision to provide affordable and accessible 24×7 Power to all. UDAY scheme also aims in providing a solution for revenue-side efficiency as well as cost-side efficiency.