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An overall net benefit of about Rs 823 crore would accrue to the state by opting to participate in UDAY, by way of savings in interest cost.

Goyal said, "We will discuss today to replace all inefficient old agricultural pumps with Mark IV or V efficient pumps in Punjab."

Bihar will become the sixth state to formally join the UDAY scheme meant for revival of debt-ridden power distribution utilities.

The ideas are based on DERC's order on 'demand side management' regulations wherein it asked discoms to come up with ideas for reducing load