For power DISCOMs liquidity package ₹1.25 lakhs crore loan sanctioned

Loans worth nearly ₹ 1.25 lakh crore have been sanctioned so far by state-owned non-banking finance firms PowerFinance Corporation and REC Ltd under the liquidity package for stressed power distribution utilities.

In May, Finance Minister Nirmala Sitharaman had announced ₹ 90,000 crore liquidity infusion into cash-strapped discoms facing demand slump due to the COVID-19 crisis. This package was later increased to ₹ 1.2 lakh crore by the Ministry of Power.  Under the liquidity package loans worth ₹ 1,24,999 crore — including ₹ 65,932 crore by REC and ₹ 59,067 crore by PFC — has been sanctioned as of January 27, 2021, Power Minister R K Singh said in a written reply to the Rajya Sabha.

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