As much as Rs 1.08 lakh crore worth of loans under the liquidity package for stressed power distribution utilities have been sanctioned so far, REC said on Saturday.
In May, finance minister Nirmala Sitharaman announced Rs 90,000 crore liquidity infusion into cash-strapped discoms, facing demand slump due to the lockdown to contain COVID-19. This package was later increased to Rs 1.2 lakh crore by the Ministry of Power.
Under the liquidity infusion scheme of the Centre, REC and PFC are extending financial assistance at a concessional rate of interest, it added.
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