The new scheme would include elements of the current UDAY scheme and would provide assistance for reduction of discoms' losses. The scheme for revival of stressed power discoms was launched in November 2015. The Ujwal Discom Assurance Yojana's (UDAY) prime objectives were financial turnaround and operational improvement of the discoms along with the reduction of cost of generation of power development of renewable energy efficiency and conservation. The scheme may come up as a revised version of UDAY -- UDAY 2.0 -- which would provide another lease of life to ailing power discoms by extending financial support in the form of loans and grants.
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