Question : Which organizations has recently signed and exchanged an agreement for Liquidity Infusion Scheme under “Aatmanirbhar Bharat Abhiyaan” for the Jammu and Kashmir Union Territory ?
(a) PFC & JKPCL
(b) Powergrid & JKPCL
(c) NTPC & NHPC
(d) none of the above
Answer (a)
Related facts
- Power Finance Corporation Ltd (PFC) has recently(16 October 2020) sanctioned Rs 2790 crore to Jammu Kashmir Power Corporation ltd (JKPCL) for clearing its outstanding dues.
- For this purpose both parties signed and exchanged an agreement for Liquidity Infusion Scheme under “Aatmanirbhar Bharat Abhiyaan” for the Jammu and Kashmir Union Territory.
- The money sanctioned under the scheme will be used to clear the outstanding dues of CPSU, GENCOs & TRANSCOs, IPPs and RE Generators on 31st March 2020.
- Few months ago, the government announced a Rs 90,000 crore liquidity infusion for discoms under which these utilities would get loans at economical rates from PFC and REC.
- This was an initiative of the government to help gencos to remain afloat. Later, the liquidity infusion package was increased to Rs 1.2 lakh crore.
By — Pankaj Pandey.
Link:
https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1665183