Which one of the following is a purpose of UDAY rsquo a scheme of the Government ........

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

This questions was previously asked in

UPSC CSP Previous Year Paper (2016)

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

Providing electricity to every household in the country by 2018

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

Providing for financial turnaround and revival of power distribution companies

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Explanation:

The Ujwal DISCOM Assurance Yojana (UDAY) was launched by the Government of India on 20-11-2015 for operational and financial turnaround of State owned Power Distribution Companies (DISCOMs). The Scheme aims to reduce the interest burden, reduce the cost of power, reduce power losses in Distribution sector, and improve operational efficiency of DISCOMs.