Bonds worth Rs 1.5-1.75 lakh crore to be issued under Uday in FY’17 – Feedback

Buoyed by the success of Uday Scheme for revival of debt-ridden discoms, Power Minister Piyush Goyal today said bonds worth Rs 1.5-1.75 lakh crore are expected to be issued in the ongoing fiscal.

“This year, you may see slightly bigger amount. May be Rs 1.5-1.75 lakh crore of Uday bonds will be issued,” Goyal told reporters here. He was addressing the media on the achievements of his three ministries of Power, Coal and New and Renewable Energy in the last two years. He further said Uday bonds worth about Rs one lakh crore were issued in the last financial year. “Central Government does not borrow. Borrowings are by the state government and the state discoms, although that borrowing is domestic borrowing…. Last year, Uday bonds worth about Rs one lakh core were issued,” the minister said. The government was also looking at bringing in some amendments in the Uday programme to accommodate those states which have privatised discoms, he further said.

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