GS PrelimsEconomyGovernment Schemes2016

Which one of the following is a purpose of 'UDAY', a scheme of the Government?

A

Providing technical and financial assistance to start-up entrepreneurs in the field of renewable sources of energy

B

Providing electricity to every household in the country by 2018

C

Replacing the coal-based power plants with natural gas, nuclear, solar, wind and tidal power plants over a period of time

D

Providing for financial turnaround and revival of power distribution companies

Correct Answer: Option D

Explanation

1. UDAY stands for Ujwal DISCOM Assurance Yojana. 2. The primary purpose of the UDAY scheme, launched by the Government of India in November 2015, was to address the poor financial health of state-owned Power Distribution Companies (DISCOMs). 3. It aimed at the financial turnaround and revival of these DISCOMs by enabling state governments to take over a significant portion of their debt and enforcing measures to improve operational efficiency (e.g., reducing power losses, tariff reforms). 4. Option (D) correctly describes this central purpose. 5. Option (A) relates to support for start-up entrepreneurs in the renewable energy sector. 6. Option (B) relates to the goal of universal electrification (similar to schemes like Saubhagya, which came later). 7. Option (C) relates to shifting the energy generation mix away from coal-based power plants.

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