Power Finance Corporation Ltd.

Power Finance Corporation (PFC) has disbursed Rs 7,400 crore of transitional loan to five financially ailing State Electricity Distribution Utilities (Discoms). These states include Punjab, Haryana, Uttar Pradesh, Rajasthan and Tamil Nadu.

The entity has sanctioned Rs 16,000 crore for the discoms. It has given 3 years moratorium on interest payment and another 7 years to repay the loans. As and when the discoms achieve milestones, more funds would be disbursed.