Rajasthan discoms get relief as Centre agencies cut loan interest rates

Business Standard
2026.03.19 02:15
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Two central government financing agencies have reduced loan interest rates for power distribution corporations (discoms) in Jaipur, Jodhpur, and Ajmer, providing significant relief. This decision follows a meeting between Rajasthan's Chief Minister and the Union Power Minister. The combined debt burden of these discoms is approximately ₹98,000 crore, with interest payments exceeding ₹7,800 crore in FY26. The new rates will positively impact their balance sheets, allowing savings for infrastructure expansion. PFC has set a special rate of 9.60% for Jaipur discom, while Jodhpur and Ajmer discoms will have a rate of 10.50%.