Which one of the following is a purpose of ‘UDAY’, a scheme of the Government?
Detailed Explanation:
Answer: Option 4 — Providing for financial turnaround and revival of power distribution companies
The Ujwal DISCOM Assurance Yojana (UDAY) was launched by the Ministry of Power in November 2015 to address the financial crisis of state power distribution companies (DISCOMs). Under this scheme, state governments took over 75% of DISCOM debt as of September 2015 and issued low-interest state government bonds, reducing interest burden and improving the financial health of DISCOMs. The scheme also focused on operational improvements including reduction of Aggregate Technical & Commercial (AT&C) losses, mandatory supply of cheaper power from state gencos, and energy efficiency measures. Option 2 refers to the Saubhagya Scheme (launched in 2017) for universal household electrification, while options 1 and 3 do not correspond to any specific government scheme matching UDAY's objectives.
Question 3 of 4 Energy Sector
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