Consider the following statements about the Ujwal DISCOM Assurance Yojna:

  1. The scheme is optional for all the states
  2. The scheme aims for financial restructuring of debt of power distribution companies with the help of state issued bonds

  Which of the above statements is/are correct?

Answer: [C] Both 1 & 2

Both are correct statements
The scheme aims for financial restructuring of debt of power distribution companies with the help of state issued bonds. The scheme is optional for all the states. As per the scheme States shall take over 75% of DISCOM debt as on 30 September 2015 over two years – 50% of DISCOM debt shall be taken over in 2015-16 and 25% in 2016-17.

This question is a part of GKToday's Integrated IAS General Studies Module