Discoms in key states Rajasthan, Tamil Nadu, Uttar Pradesh, Karnataka, Maharashtra, J&K; and Telangana account for 79% of the total overdue to gencos. Disbursements under the Atmanirbhar scheme have been very slow due to the reluctance or delay on the part of state governments to adhere to the stringent norms put forth by the PFC and the REC. So far, total loans of Rs1.18tn and Rs311bn have been sanctioned and disbursed to discoms by the PFC and the REC, respectively. We are of the opinion that discoms' overdues could take a while to moderate with the revival in demand that could further increase power offtake. However, the improvement in...