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Ten States get additional Rs. 28,204 crore for undertaking power sector reforms Incentive of Rs 1,22,551 crore available to States in 2022-23 for reforms in power sector Department of Expenditure, Ministry of Finance, has granted additional borrowing permission of Rs. 28,204 crore to 10 St
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FAQ :
Ten states have been granted an additional Rs 28,204 crore for undertaking power sector reforms.
An incentive of Rs 1,22,551 crore will be available to states in 2022-23 for reforms in the power sector.
The states that received additional borrowing permission are Andhra Pradesh, Assam, Himachal Pradesh, Manipur, Meghalaya, Odisha, Rajasthan, Sikkim, Tamil Nadu, and Uttar Pradesh.
The objectives are to improve the operational and economic efficiency of the power sector and promote a sustained increase in paid electricity consumption.
States had to progressively assume responsibility for public sector power distribution company losses, ensure transparency in financial reporting, comply with legal and regulatory requirements, and conduct timely audits.
The Ministry of Power is the nodal ministry responsible for assessing the performance of states and determining their eligibility for additional borrowing permission.
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