Uttar Pradesh seeks Rs 209.40 billion loan under liquidity package

The Uttar Pradesh government has sought a Rs 209.40 billion loan from REC Limited and Power Finance Corporation (PFC) under the Atmanirbhar Bharat liquidity infusion package in the power sector.

This is the largest loan application made so far by any state distribution company under the scheme so far. Reportedly, loan applications for Rs 464 billion have been received by REC Limited and PFC. Of the Rs 343 billion sanctioned, funds worth Rs 112.20 billion have been disbursed by the two financial institutions.

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