Scheme for Revamped Reforms -based Result-Linked Power Distribution Sector

Expressing serious concern over the viability of power distribution companies, Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman in her budget speech of 2021-22, proposed an outlay of Rs 3,05,984 crore  over 5 years for a  revamped reforms- based result-linked power distribution sector Scheme.

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The Scheme will provide assistance to DISCOMS for infrastructure creation, including prepaid smart metering and feeder separation, up gradation of systems, etc. tied to financial improvements.

She also proposed to put in place a competitive framework to give consumers alternatives to choose from among more than one distribution companies.

For a green and sustainable future, the Finance Minister also proposed to launch a comprehensive National Hydrogen Energy Mission in 2021-22 for generating Hydrogen from green power sources fulfilling the announcement made by Prime Minister in November 2020.