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Power distributors with dues to PFC-REC barred from Rs90,000 crore package
NEW DELHI: Power distribution companies (discoms), hoping to benefit from the Rs90,000 crore loans that Finance Minister Nirmala Sitharaman said PFC and REC will provide them to help them combat the covid-19-induced stress, are in for a surprise, according to a copy of the document seen by Mint. The power sector lenders have set stiff conditions to lend money under the scheme. One of them is that a distributor should not be owing money to either at the time of availing the loan.