October 22, 2020

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Rs 1.08L cr approved under discom liquidity plan

As much as Rs 1.08 lakh crore worth of loans under the liquidity package for stressed power distribution utilities have been sanctioned so far, REC said on Saturday. In May, finance minister Nirmala Sitharaman announced Rs 90,000 crore liquidity infusion into cash-strapped discoms, facing demand slump due to the lockdown to contain COVID-19....

As much as Rs 1.08 lakh crore worth of loans under the liquidity package for stressed power distribution utilities have been sanctioned so far, REC said on Saturday. In May, finance minister Nirmala Sitharaman announced Rs 90,000 crore liquidity infusion into cash-strapped discoms, facing demand slump due to the lockdown to contain COVID-19.

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