UPSC Prelims 2016·GS1·economy·economic sectors and development

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

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Last updated 23 May 2026, 3:31 pm IST
  1. AProviding technical and financial assistance to start-up entrepreneurs in the field of renewable sources of energy
  2. BProviding electricity to every household in the country by 2018
  3. CReplacing the coal-based power plants with natural gas, nuclear, solar, wind and tidal power plants over a period of time
  4. 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.
economy: Which one of the following is a purpose of 'UDAY', a scheme of the Government?
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