Cabinet approves one-time relaxation to PFC, RFC for extending loans to DISCOMs

Aug 19, 2020

New Delhi, Aug 19 (ANI): Union Minister of Information and Broadcasting, Prakash Javadekar on August 19 stated that the Cabinet today approved one time relaxation to Power Finance Corporation (PFC) and Rural Electrification Corporation (RFC) for extending loans to DISCOMs, above limits of working capital placed under the Ujwal DISCOM Assurance Yojana (UDAY). He said. "Union Cabinet approves one-time relaxation to Power Finance Corporation and Rural Electrification Corporation for extending loans to DISCOMs above limits of working capital of 25% of last year’s revenues, under Ujwal DISCOM Assurance Yojana."