Home / Economy / News / REC kicks off discom package with Rs 2,500 crore to Maharashtra

REC kicks off discom package with Rs 2,500 crore to Maharashtra

REC has sanctioned another Rs 3,300 crore for Andhra Pradesh, Rs 2,000 crore for Punjab and Rs 2,032 crore for Rajasthan.

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Besides REC, Power Finance Corporation would be disbursing loans under the Rs 90,000 crore scheme that seeks to address liquidity problems of both discoms and generators.

Jyoti Mukul New Delhi

3 min read Last Updated : Jun 27 2020 | 2:01 AM IST

Union government-controlled Rural Electrification Corporation (REC) has disbursed Rs 2,500 crore to Maharashtra power distribution company under the Atmanirbhar scheme. With this, the Shiv-Congress alliance ruled state has become the first to avail of this facility.

A similar amount would be disbursed to the state by Power Finance Corporation shortly, said a senior official.

REC has sanctioned another Rs 3,300 crore for Andhra Pradesh, Rs 2,000 crore for Punjab and Rs 2,032 crore for Rajasthan. “While all the states will get 10 years loan at 9.5 per cent, Punjab will get five years at 9 per cent,” said the official.

Discoms across the

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