POWER

Over Rs 70K crore worth of loans sanctioned to discoms under liquidity package: Govt

As much as Rs 70,590 crore worth of credit has been sanctioned to discoms under the liquidity package for payment of dues by these utilities, Parliament was informed on Sunday. Finance Minister Nirmala Sitharaman in May this year had announced a Rs 90,000 crore liquidity infusion into cash-strapped discoms for clearing their outstanding dues till March 2020.

Now, the government is in the process of enhancing this package to Rs 1.2 lakh crore factoring in discoms outstanding dues till June this year. Some states had urged the central government to hike this liquidity package by factoring in outstanding dues of April and May as well.

“As against Rs 90,000 crore of liquidity infusion package announced by the government, Rs 70,590 crore worth of loans have been sanctioned and Rs 24,742 crore has already been disbursed/released till September 16, 2020,” said Power Minister R K Singh in a written reply in the Rajya Sabha.

Source
financial express
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