In order to improve the operational and financial efficiency of State power distribution companies (DISCOMs), Ministry of Power, Government of India had framed UDAY (Ujwal DISCOM Assurance Yojana) scheme on November 20, 2015. As part of the scheme, Reserve Bank of India had issued the special bonds (non-SLR special securities) on behalf of eight State Governments during 2015-16. State-wise details relating to issuance of UDAY bonds are given in the table below:
In Crores
|
Sr. No. |
States |
Bonds issued |
|
1. |
Uttar Pradesh |
24,332.47000 |
|
2. |
Rajasthan |
37,349.76574 |
|
3. |
Chhattisgarh |
870.12000 |
|
4. |
Punjab |
9,859.72000 |
|
5. |
Jammu & Kashmir |
2,140.00000 |
|
6. |
Bihar |
1,554.52000 |
|
7. |
Jharkhand |
5,553.37000 |
|
8. |
Haryana |
17,300.00000 |
|
Total |
98,959.96574 |
These securities have been issued by the State Governments under the Government Securities Act, 2006 and are eligible for market repo.