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    Question

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

    scheme of the Government?
    A Providing technical and financial assistance to start-up entrepreneurs in the field of renewable sources of energy Correct Answer Incorrect Answer
    B Providing electricity to every household in the country by 2018 Correct Answer Incorrect Answer
    C Replacing the coal-based power plants with natural gas, nuclear, solar, wind and tidal power plants over a period of time Correct Answer Incorrect Answer
    D Providing for financial turnaround and revival of power distribution companies Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Under the scheme, the state government took over 75% of the outstanding debt of their distribution companies and issued low-interest bonds to finance the rest of the outstanding debt. The government had also announced UDAY 2.0 to minimize DISCOM losses and revive the sector further.

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