24X7 electricity dream top on Narendra Modi’s agenda, sets July deadline for power reforms

By: |
Updated: January 5, 2018 7:16:40 PM

Prime Minister Narendra Modi has stepped in to expedite reforms in the power sector and has set a July deadline to work on Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY), which was launched in 2015 with an aim to separate agriculture and non-agriculture feeders.

Prime Minister Narendra Modi has stepped in to expedite reforms in the power sector and has set a July deadline. (Image: IE)

Prime Minister Narendra Modi has stepped in to expedite reforms in the power sector and has set a July deadline to work on Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY), which was launched in 2015 with an aim to separate agriculture and non-agriculture feeders, BTVi reported quoting unidentified sources.

The Prime Minister has also asked the power ministry to reduce cross-subsidy surcharge and open access surcharge. The National Electricity Policy lays down that the amount of cross-subsidy surcharge and the additional surcharge to be levied from consumers who are permitted open access should not be so onerous. Narendra Modi also asked the ministry to also look into the direct benefit transfer in the agriculture sector and to ensure the examination of the PPP model.

Narendra Modi in 2015 launched the ‘Deen Dayal Upadhyaya Gram Jyoti Yojana’ for power sector reforms in rural areas with a view to ensuring round the clock electricity supply to farmers and rural households. The scheme is one of the flagship programmes of the Power Ministry and will facilitate 24×7 supply of electricity. So far,  1.5 crore households have already been electrified under the schemes.

The scheme focuses on feeder separation (rural households and agricultural) and strengthening of sub-transmission and distribution infrastructure, including metering at all levels in rural areas. The earlier scheme for rural electrification, Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY), which was launched by previous UPA government, has been subsumed in the new scheme as its rural electrification component.

The Prime Minister, in September this year, also launched another ‘electricity for all’ scheme Pradhan Mantri Sahaj Bijli Har Ghar Yojana (Saubhagya) — to achieve the coveted goal by the end of December 2018. Of the total cost of Saubhagya, Rs 12,320 crore will be in the form of the Centre’s budget support; Rs 14,025 crore will be used for electrification of rural households.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.