Lok Sabha Question No. 4584 (UNSTARRED), answered on 2016-08-12
Subject: States Holding Debt of Discoms
Ministry: FINANCE
Asked by: VINCENT H PALA

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF EXPENDITURE PLAN FINANCE-I DIVISION

## LOK SABHA UNSTARRED QUESTION NO 4584

TO BE ANSWERED ON FRIDAY, THE 12th August; 2016/ 21 Shravana; 1938 (SAKA)

## STATES HOLDING DEBT OF DISCOMS

## SHRI VINCENT H. PALA:

Will the Minister of FINANCE be pleased to state:

- (b) Yojana and the total discoms debt that each States hold at present;
- (a) the current outstanding loans of all power distribution companies (discoms);
- (c) the expenditure on health and education sectors by the States that held power discoms debt during 2015 and 2016; and
- (d) the net market borrowing by such States in 2015 and 2016, the target Gross Fiscal Deficit to Gross Domestic Product (GDP) that apply to them according to the Fiscal responsibility and Budget Management (FRBM) Act; 2003?

## ANSWER

## MINISTER OF STATE IN MINISTRY OF FINANCE (SHRI ARJUN RAM MEGHWAL)

- (a) The outstanding loan of all power distribution companies (DISCOMs) as on 31.03.2015 is at Annex-I.
- (b) As on 09.08.2016, fourteen States namely Jharkhand, Chhattisgarh, Rajasthan, Uttar Pradesh, Andhra Pradesh have signed the Memorandum of Understanding (MoU) under UDAY. The States which have availed Gol consent under Article 293 (3) of the Constitution of India for raising Non-SLR bonds andlor consideration of the borrowings made by the States under earlier scheme (FRP-2012) under UDAY during 2015-16 and 2016-17 to take over debt of Power DISCOMS are shown at Annex-II.
- (d) The Net Open Market Borrowings raised by the States/ UTs during 2014-15 and 2015-16 is Borrowing Ceiling (NBC) of the States is fixed based on the Fiscal Deficit target anchored at 3% by Finance Commissions. However; the borrowings under UDAY have been allowed beyond the Fiscal Deficit limits of the States. The Gross Fiscal Deficit to Gross Domestic as per the Fiscal responsibility and Budget Management (FRBM) Act, 2003 is applicable for Union Government: States are governed by their respective FRBM Acts which incorporates the Fiscal Targets prescribed by the Finance Commissions.
- (c) The expenditure on health and education sectors by the States holding power DISCOM debts as per their Finance Accounts 2014-15 is shown at Annex-III:

Outstanding Loan of all power distribution companies (DISCOMS) as on 31.03.2015 Rs\_in Crore

| Region              | State                   | DISCOMs       | [Outstanding As on March 31,2015   |
|---------------------|-------------------------|---------------|------------------------------------|
| Eastern             | Bihar                   | NBPDCL        | 1,776                              |
|                     |                         | SBPDCL        | 2,040                              |
|                     | Bihar Total             |               | 3,816                              |
|                     | Jharkhand               | JBVNL         | 265                                |
|                     | Jharkhand Total         |               | 265                                |
|                     | Odisha                  | CESU          | 2,163                              |
|                     |                         |               | 933                                |
|                     |                         | SESCO         | 721                                |
|                     |                         | WESCO         | 769                                |
|                     | Odisha Total            |               | 4,585                              |
|                     | Sikkim                  | Sikkim PD     |                                    |
|                     | Sikkim Total            |               |                                    |
|                     | West Bengal             | WBSEDCL       | 12,871                             |
|                     | West Bengal Total       |               | 12,871                             |
| Eastern Total       |                         |               | 21,536                             |
| North Eastern       | Arunachal Pradesh       | Arunachal PD  |                                    |
|                     | Arunachal Pradesh Total |               |                                    |
|                     | Assam                   | APDCL         | 2,260                              |
|                     | Assam Total             |               | 2,260                              |
|                     | Manipur                 | MSPDCL        |                                    |
|                     | Manipur Total           |               |                                    |
|                     | Meghalaya               | MePDCL        | 388                                |
|                     | Meghalaya Total         |               | 388                                |
|                     | Mizoram                 | Mizoram PD    | 32                                 |
|                     | Mizoram Total           |               | 32                                 |
|                     | Nagaland                | Nagaland PD   | 328                                |
|                     | Nagaland Total          |               | 328                                |
|                     | Tripura                 | TSECL         | 237                                |
|                     | Tripura Total_          |               | 237                                |
| North Eastern Total |                         |               | 3,246                              |
| Northern            | Delhi                   | BSES Rajdhani | 3,702                              |
|                     |                         | BSES Yamuna   | 2,858                              |
|                     |                         | TPDDL         | 3,782                              |
|                     | Delhi Total             |               | 10,343                             |
|                     | Haryana                 | DHBVNL        | 14,659                             |
|                     |                         | UHBVNL        | 19,425                             |
|                     | Haryana Total_          |               | 34,085                             |
|                     | Himachal Pradesh        | HPSEB Ltd     | 4,590                              |
|                     | Himachal Pradesh Total  |               | 4,590                              |
|                     | Jammu & Kashmir         | Jek PDD       | 166                                |
|                     | JJammu & Kashmir Total  |               | 166                                |
|                     | Punjab                  | PSPCL         | 21,903                             |
|                     | Punjab Total            |               | 21,903                             |
|                     | Rajasthan               | AWNL          | 27,017                             |
|                     |                         | DDWNL         | 25,956                             |
|                     |                         | JWVNL         | 28,176                             |
|                     | Rajasthan Total         |               | 81,149                             |
|                     | Uttar Pradesh           |               |                                    |
|                     |                         | DWVN          | 20,477                             |
|                     |                         | KESCO         |                                    |
|                     |                         | MWN           | 10,704                             |
|                     |                         | Pash WVN      | 9,941                              |
|                     |                         | Poorv WN      | 12,709                             |
|                     | Uttar Pradesh Total     |               | 56,982                             |
|                     | Uttarakhand             | Ut PCL        | 1,388                              |
|                     | Uttarakhand Total       |               | 1,388                              |
| Northern Total      |                         |               | 210,607                            |

| Region          | State                | DISCOMs              | Outstanding As on March 31, 2015   |
|-----------------|----------------------|----------------------|------------------------------------|
| Southern        | Andhra Pradesh       | APEPDCL              | 3,879                              |
|                 |                      | APSPDCL              | 9,958                              |
|                 | Andhra Pradesh Total |                      | 13,837                             |
|                 | Karnataka            | BESCOM               | 5,489                              |
|                 |                      | CHESCOM              | 964                                |
|                 |                      | GESCOM               | 726                                |
|                 |                      | HESCOM               | 1983                               |
|                 |                      | MESCOM               | 677                                |
|                 | Karnataka Total      |                      | 9,838                              |
|                 | Kerala               | KSEBL                | 5,810                              |
|                 | Kerala Total         |                      | 5,810                              |
|                 | Puduchery_           | Puducherry PD        |                                    |
|                 | Puducherry Total     |                      |                                    |
|                 | Tamil Nadu           | TANGEDCO             | 75,467                             |
|                 | Tamil Nadu Total     |                      | 75,467                             |
|                 | Telangana            | TSNPDCL              | 4,867                              |
|                 |                      | TSSPDCL              | 7,059                              |
|                 | Telangana Total      |                      | 14926                              |
| [Southern Total |                      |                      | 116,877                            |
| Western         | Chattisgarh          | CSPDCL               | 4907                               |
|                 | Chattisgarh Total    |                      | 1,907                              |
|                 | Goa                  | Goa PD               | 54                                 |
|                 | Goa Total            |                      | 54                                 |
|                 | Gujarat              | DGVCL                | 223                                |
|                 |                      | MGVCL                | 302                                |
|                 |                      | PGVCL                | 1,136                              |
|                 |                      |                      | 524                                |
|                 | Gujarat Total        |                      | 2,186                              |
|                 | Madhya Pradesh       | MP Madhya Kshetra W  | 11,762                             |
|                 |                      | MP Paschim Kshetra V | 9,807                              |
|                 |                      |                      | 11,822                             |
|                 | Madhya Pradesh Total |                      | 33,391                             |
|                 | Maharashtra          | MSEDCL               | 17,021                             |
|                 | Maharashtra Total    |                      | 17,021                             |
| Western Total   |                      |                      | 54,559                             |
| Grand Total     |                      |                      | 406,825                            |

| S.No   | Name of the State   | 2015-16       | 2015-16                                          | 2015-16   | 2016-17       | 2016-17                                          | 2016-17   |
|--------|---------------------|---------------|--------------------------------------------------|-----------|---------------|--------------------------------------------------|-----------|
|        |                     | Non-SLR bonds | consideration of FRP -2012 borrowings under UDAY | Total     | Non-SLR bonds | consideration of FRP -2012 borrowings under UDAY | Total     |
|        | Jharkhand           |               |                                                  | 6136.37   |               |                                                  |           |
| 2      | Chhatisgarh_        | 870.12        |                                                  | 870.12    |               |                                                  |           |
| 3      | Rajasthan           | 38914.64      | 2700                                             | 41614.64  | 20807.32      |                                                  | 20807.32  |
| 4      | Uttar Pradesh       | 24332.47      | 5270.13]                                         | 29602.6   | 14801.29      |                                                  | 14801.29  |
| 5      | Bihar               | 1554.52       |                                                  | 1554.52   |               |                                                  |           |
| 6      | Punjab              | 10418.84      |                                                  | 10418.84  | 5209.42       |                                                  | 5209.42   |
|        | Jammu & Kashmir     | 2140]         |                                                  | 2140      |               |                                                  |           |
| 8      | Haryana             | 17300         |                                                  | 173001    | 8650          |                                                  | 8650      |
|        | Total               | 101666,96     | 7970.13                                          | 109637.09 | 49468.03      |                                                  | 49468.03  |

## Annex III to reply to part (c) of Lok Sabha unstarred question No. 4584 for 12.08.2016

Rs. in Crore

| S.No   | Name of the States   | Expenditure as per State Finance Accounts 2014-15   | Expenditure as per State Finance Accounts 2014-15   |
|--------|----------------------|-----------------------------------------------------|-----------------------------------------------------|
|        |                      | Health Sector                                       | Education Sector                                    |
|        | Bihar                | 3604                                                | 16460                                               |
| 2      | Chattisgarh_         | 2333                                                | 9464                                                |
| 3      | Haryana              | 2239                                                | 9293                                                |
| 4      | Jammu & Kashmir      | 2015                                                | 4317                                                |
| 5      | Jharkhand            | 1619                                                | 5775                                                |
| 6      | Punjab               | 2364                                                | 7539                                                |
|        | Rajasthan            | 6463                                                | 19274                                               |
| 8      | Uttar Pradesh        | 11976]                                              | 35125                                               |
|        | Total (States)       | 32614                                               | 107246                                              |

## Annex IV to reply to part (d) of Lok Sabha unstarred question No. 4584 for 12.08.2016 Net Open Market Borrowings raised by the Statesl UTs

Rs;in Crore

| S. No.   | State             |   2014-15* | 2015-16*   | Borrowing under Bonds permitted in 2015- 16 Uday   |
|----------|-------------------|------------|------------|----------------------------------------------------|
|          | Andhra Pradesh    |      15267 | 16486      |                                                    |
| 2        | Arunachal Pradesh |        261 | 61         |                                                    |
| 3        | Assam             |       2239 | 1983       |                                                    |
| 4        | Bihar             |       6667 | 10233      | 1554.52                                            |
| 5        | Chhattisgarh      |       3808 | 4667       | 870.12                                             |
| 6        | Goa               |        667 | 1285       |                                                    |
| 7        | Gujarat_          |      13408 | 14728      |                                                    |
| 8        | Haryana           |      12373 | 13168      | 17300                                              |
| 9        | Himachal Pradesh  |       1631 | 1664       |                                                    |
| 10       | J & K             |       1116 | 1825       | 2140                                               |
| 11       | Jharkhand         |       4488 | 4756       | 6136.37                                            |
| 12       | Karnataka         |      16093 | 14914      |                                                    |
| 13       | Kerala            |      11777 | 12886]     |                                                    |
| 14       | Madhya Pradesh    |       8171 | 12991      |                                                    |
| 15       | Maharashtra       |      22365 | 29099      |                                                    |
| 16       | Manipur           |        355 | 327        |                                                    |
| 17       | Meghalaya         |        443 | 460        |                                                    |
| 18       | Mizoram           |        176 | 60         |                                                    |
| 19       | Nagaland          |        460 | 606        |                                                    |
| 20       | Orissa            |       1644 | 3563       |                                                    |
| 21       | Punjab            |       7685 | 9199       | 10418.84                                           |
| 22       | Rajasthan         |      10002 | 13807      | 38914.64                                           |
| 23       | Sikkim            |        308 | 461        |                                                    |
| 24       | Tamil Nadu        |      23144 | 27623      |                                                    |
|          | Telangana         |       8200 | 12732      |                                                    |
| 26       | Tripura           |         32 | 355        |                                                    |
| 27       | Uttar Pradesh     |      13512 | 25301      | 24332.47                                           |
| 28       | Uttarakhand       |       2091 | 2730       |                                                    |
| 29       | West Bengal_      |      18608 | 20951      |                                                    |
| 30       | Puducherry_       |        470 | 450        |                                                    |
|          | Total             |     207461 | 259371     | 101666.96                                          |

Source: RBI