Tamil Nadu Becomes 21st Indian State to Join UDAY
January 10, 2017
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Tamil Nadu has become the 21st state in India to join the Ujwal DISCOM Assurance Yojana (UDAY), a government program designed to facilitate financial turnaround of DISCOMs (distribution company). Tamil Nadu carries a debt of around ₹500 billion (~$7.4 billion), a large chunk of the total India DISCOM debt of ₹4,000 billion (~$58.9 billion).