Maharashtra becomes first state to get loans for discoms under AtmaNirbhar package

REC has disbursed Rs 25 billion to Maharashtra State Electricity Distribution Company Limited (MSEDCL) under the central government’s liquidity infusion scheme thereby becoming the first state to avail of the loan facility.

A similar amount would be disbursed to MSEDCL by the Power Finance Corporation. The loans would primarily be used by the discom to pay off dues owed to generators. REC has, reportedly, further sanctioned Rs 33 billion for Andhra Pradesh, Rs 20 billion for Punjab and Rs 20.32 billion for Rajasthan.

GET ACCESS TO OUR ARTICLES

Enter your email address