Haryana government provides 7.5 billion under UDAY

Under the Ujwal Discom Assurance Yojana, the Haryana government has decided to provide a loan of Rs 7.5 billion to discoms at a concessional rate of interest, which is 3 per cent lower than the market rate. Out of the total discom debt of Rs 346 billion, 75 per cent or Rs 259.5 billion has already been taken over by the state government and bonds have been issued at an average interest rate of 8.2 per cent per annum.