UDAY Full FORM

What is Full Form of UDAY ?

The full form of UDAY is the Ujwal DISCOM Assurance Yojana. Ujwal DISCOM Assurance Yojana (UDAY), a programme of the Indian government, was introduced in November 2015. It was created to improve the state electricity distribution companies' unstable financial situation (discoms). Electricity from generation firms must be purchased by discoms before being sold to customers.

This Story also Contains

1. What is Full Form of UDAY ?
2. Launch
3. Aims
4. Benefits for participating states
5. Registration method
6. Required documents for the application form
7. Issues encountered

The Discom losses, which had gradually decreased in the first couple of years (after the launch of UDAY), have bounced back in 2019 to nearly twice the losses reported the previous year.

The sum of the discoms' outstanding debts to power gencos (power generating businesses) increased by 48% to Rs 81,010 crore in October 2019, according to the PRAAPTI (Payment Ratification And Analysis in Power Procurement for Bringing Transparency in Invoicing of Generators) portal.

Launch

In November 2015, the program's announcement was made by Piyush Goyal, the then-Minister of State (IC) for Power, Coal, and New and Renewable Energy (now the Minister of Railways and the Minister of Coal). State participation in the programme is optional. The uday system was implemented in Jharkhand as the first state. Gujarat, Chhattisgarh, Andhra Pradesh, Karnataka, Rajasthan, Punjab, Haryana, Jammu & Kashmir, Himachal Pradesh, Madhya Pradesh, Uttarakhand, Telangana, and Assam are other states that have granted their consent in principle.

With the addition of Uttar Pradesh, Bihar, Maharashtra, Tamil Nadu, and Mizoram, there are now 27 states that have joined. The only states that haven't joined it as of November 2017 are West Bengal and Odisha. Mizoram is the 27th state to join this programme out of the 31 states and the UT that have so far joined. On February 28, 2018, Lakshadweep joined the programme, bringing the total number of states and Union Territories covered to 32.

Aims

There are some additional goals set for these power distribution companies, even though the UDAY scheme's primary goal was to assist DISCOMs in getting back on their feet. The scheme's primary goals are:

• A decrease in overall expenses:

DISCOMs have suffered financial losses as a result of outdated technology and electricity transmission techniques. The programme intends to give DISCOMs access to money and resources so they may invest in cutting-edge equipment and infrastructure improvements that will allow them to significantly lower their energy costs. Their interest payments, which increase their debt, will be reduced due to the significant improvement in the overall quality and effectiveness of operations.

• Making DISCOMs' finances more logical:

As a debt restructurer, UDAY also seeks to aid DISCOMs with a special strategy. The goal of UDAY is to make all aspects of the system more efficient and to bring about tariff rationalisation. Depending on the situation, it may also opt to raise prices gradually. It seeks to organise the DISCOMs' financial discipline by implementing these new systems and methods.

• Improve the DISCOMs' operating effectiveness:

The UDAY initiative seeks to increase the DISCOMs' existing operational efficiency levels. It will implement a number of technological and infrastructure improvements, such as the installation of smart meters, which will guarantee the presence of feeder separators. By examining the submitted data, it will also keep a careful eye on how the companies are operating.

• Create a viable business plan for India's power distribution:

Additionally, UDAY aims to create dependable, long-lasting businesses out of these failing DISCOM entities. The UDAY scheme also intends to ensure that there is no electricity theft and that the total amount of power purchased is utilised effectively. In order for the participating states' DISCOMs to be financially successful and viable, the plan would offer them specific privileges.

Benefits for participating states

The states who have joined up for this programme through UDAY are also given access to some special privileges. Here is a small list of advantages that the states will receive to assist their DISCOMS in becoming self-sufficient:

1. Increased coal supply.

2. Rationalized coal prices.

3. Facilities for coal swapping.

4. Improving interstate transmission lines.

5. Transparent bidding for purchasing power.

6. Coal supply that has been washed and crushed.

Registration method

You must finish the PM-Uday registration process if you intend to apply for the PM-Uday Yojana online. To register for the DDA PM-Uday programme, go to the online registration page. Contact the PM Uday help desk by calling the PM Uday DDA helpline number(+91-9891975003 Mon-Sun, 9am - 10pm) website(Helpdesk@pmuday.org).

If you run into difficulties when submitting an application for the PM Uday awas adhikar yojana. Your questions will be answered by the specialists seated there, who will also assist you in completing the application. Due to high demand, it can occasionally be challenging to reach the specialists at the official PM Uday help desk. In that case, you can get our assistance by calling our support number and we will successfully complete your PM Uday online registration on your behalf.The procedure for PM-Uday registration is as follows:

To begin the PM-Uday online registration process, go to this website.(https://www.pmuday.org/registration-form/)

1. Carefully fill out the application form before submitting it.

2. Upon successful registration, you will receive an acknowledged receipt with your PM uday registration number. Take a note of it or print it out. Call the PM-Uday customer service line if you have any problems.

Required documents for the application form

You must complete the online PM-Uday registration process and provide the required documentation if you're one of the people who wants to obtain ownership rights to your apartment or home. The following documents are necessary for the DDA PM-Uday Yojana:

1. Possession Report

2. Paying Document

3. Purchase Agreement

4. Latest Ownership Document/Latest GPA

5. Energy Bill

6. Property Tax Change Document

7. Previous Chain of Documents, in Serial Order.

8. Written evidence that the building was completed before January 1, 2015.

9. Any other ownership documentation

You can complete the PM-Uday registration process fast if you have these documents. When registering an unlawful colony with PM Uday, if you have any questions, call the PM Uday support desk at the PM Uday hotline number. All of the questions you have when completing the registration procedure will be answered by the specialists. If you can't get through to the PM Uday service desk directly, use our hotline number. We are available 24/7 to address any of your inquiries and give you all the details on the PM-Uday scheme.

Issues encountered

Despite having such a bright future, the Ujwal DISCOM Yojna has come under fire and does have its share of difficulties. The UDAY programme in India has faced the following difficulties: -

• Since they were ordered to assume a sizable portion of the debt, the DISCOMs' debt has become a burden for the state government. Unfortunately, this only caused the already struggling state governments to bear a heavier burden rather than resolving the financial issue.

• In the end, the COVID-19 epidemic caused a number of businesses and industries to shut down for months. As a result, there was less demand for the supply, which caused DISCOMS' debt burden to grow again.

• Future dependence on states by DISCOM as a result of Uday plans could contribute to their financial collapse. There is no assurance that DISCOMs won't encounter issues with the state government.