Which one of the following is the purpose of ‘UDAY’, a scheme of the Government?

1. Providing technical and financial assistance to the start-up entrepreneurs in the field of renewable sources of energy
2. Providing electricity to every household in the country of 2018
3. Replacing the coal-based power plants with natural gas, nuclear, solar, wind, and tidal power plants over a period of time
4. Providing for financial turnaround and revival of power distribution companies

Explanation

Option (d) is correct

• Launched in November 2015, Ujwal DISCOM Assurance Yojna or UDAY scheme by the Ministry of Power focuses on the financial recovery and revitalization of power distribution companies (DISCOMs). It is basically a debt restructuring plan for DISCOMs (to improve their operational efficiency) and was kept optional for states.

Answer: (d) Providing for financial turnaround and revival of power distribution companies; Difficulty Level: Easy