Ujwal Discom Assurance Yojana

Consider the following statements with reference to the Ujwal Discom Assurance Yojana (UDAY) scheme:

  1. Launched in 2015, under the scheme the state governments were to take over 75 percent of the utilities debts and include it in their fiscal deficit calculations.
  2. UDAY also requires discoms to maintain commercial sustainability, and bring down the gap between average cost of supply (ACS) and average revenue realized (ARR) to zero.

Choose the correct answer from the codes given below:

Only 1
Only 2
Both 1 and 2
Neither 1 nor 2