Which one of the following is a purpose of 'UDAY', a scheme of the Government?
- AProviding technical and financial assistance to start-up entrepreneurs in the field of renewable sources of energy
- BProviding electricity to every household in the country by 2018
- CReplacing the coal-based power plants with natural gas, nuclear, solar, wind and tidal power plants over a period of time
- DProviding for financial turnaround and revival of power distribution companiesCorrect
Explanation
UDAY stands for Ujwal DISCOM Assurance Yojana. It was launched by the Government of India in November 2015 with the primary objective of addressing the financial distress of state-owned electricity distribution companies (DISCOMs). DISCOMs in India had accumulated significant debts and losses, which hindered their ability to supply reliable power. UDAY aimed to enable DISCOMs to regain financial health and operational efficiency through debt restructuring, reduction of interest costs, and improvement of operational efficiencies.
Related questions
More UPSC Prelims practice from the same subject and topic.
- Prelims 2016GS1economy
Which of the following is/are the indicator/indicators used by IFPRI to compute the Global Hunger Index Report? 1. Undernourishment 2. Child stunting 3. Child mortality Select the correct answer using…
- Prelims 2016GS1economy
With reference to 'Pradhan Mantri Fasal Bima Yojana', consider the following statements: 1. Under this scheme, farmers will have to pay a uniform premium of two percent for any crop they cultivate in …
- Prelims 2016GS1economy
Why does the Government of India promote the use of 'Neem-coated Urea' in agriculture?
- Prelims 2016GS1economy
With reference to 'Stand Up India Scheme', which of the following statements is/are correct? 1. Its purpose is to promote entrepreneurship among SC/ST and women entrepreneurs. 2. It provides for refin…
- Prelims 2016GS1economy
'Net metering' is sometimes seen in the news in the context of promoting the
- Prelims 2016GS1economy
India's ranking in the 'Ease of Doing Business Index' is sometimes seen in the news. Which of the following has declared that ranking?