_________ is one of the well-known schemes sponsored by the Union Government of India. It was launched in November 2015 to rescue the country’s ailing electricity distribution companies.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Ujwal DISCOM Assurance Yojana.
Ujwal DISCOM Assurance Yojana (UDAY) is one of the well-known schemes sponsored by the Union Government of India. Launched in November 2015, UDAY was designed to rescue the country's ailing electricity distribution companies (DISCOMs). The scheme aimed to reduce the financial losses of DISCOMs by improving operational efficiency, reducing power costs, and encouraging better financial management. It also focused on reducing debt and improving the overall power sector, ensuring better electricity access for consumers.