Millennium Post

‘Karnataka, Goa sign pact to join Uday scheme’

Karnataka and Goa have signed an agreement to join the UDAY scheme meant for the revival of discoms that may result in a total gain of about Rs 4,570 crore to both the states over next 3 years. 

"Karnataka signed UDAY MoU resulting in gains of around Rs 4,300 crore over the next 3 years," Power Minister Piyush Goyal said in a tweet. The minister also said: "Goa signed UDAY MOU in presence of @goaCM. State stands to gain around Rs 270 crore over the next 3 years through UDAY reforms."

 Earlier in the month, the minister had said that Assam is also keen to join the UDAY scheme, which is aimed at reviving the debt-laden power distribution companies. 
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