Rajasthan has been developing a lot in the guidance of its Chief Minister Vasundhara Raje who lately presented the budget for the state. The budget was planned in a way that just did not make anybody unhappy. The budget was highly appreciated.
The power ministry and the Rajasthan government has lately signed an agreement under the Ujwal Discom Assurance Yogna (UDAY) and the state government has granted bonds of worth rupees 28455 crore. The agreement has been signed for operational and financial productivity of these utilities and the bonds have been given to 26 banks at an interest rate of 8.39%. On this, the power minister Piyush Goyal took it to the micro-blogging site to congratulate the chief minister. He twitted, “Congratulations to Rajasthan Chief Minister Vasundhara Raje on issue of UDAY bonds worth Rs 28,455 crore to 26 banks at 8.39 per cent resulting in affordable Power For All,”
According to the scheme, the state government will take over 75% of 80500 crore outstanding debt of the discoms of the state. By savings in interest cost, reduction in AT&C and transmission losses, interventions in energy efficiency, coal reforms in the UDAY scheme, Rajasthan will receive a total benefit of worth rupees 21000 crore.
