PFC and REC Get Relaxation on Loan Disbursal for DISCOMs under UDAY Program
Under UDAY, PFC and REC will issue loans to DISCOMS above the working capital cap of 25% of last year’s revenues
August 21, 2020
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The Government of India (GOI) has approved a relaxation for Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) that have been tasked with managing the liquidity crisis of the distribution companies.
