This Site Content Administered by
POWER

Cabinet Committee on Economic Affairs approves setting up of National Electricity Fund

New Delhi: December 13,2012

The Minister of State (Independent Charge) for Power Shri Jyotiraditya Scindia informed Lok Sabha today that Cabinet Committee on Economic Affairs (CCEA) has approved the setting up of National Electricity Fund (Interest Subsidy Scheme) to provide interest subsidy aggregating to Rs.8466 Crores on loan disbursement amounting to Rs.25,000 Crores to the State Power Utilities both in public and private sector, to improve the distribution network.

For financial assistance from NEF (Interest Subsidy) Scheme, States have been categorized as “Special category and focused states”, and “States other than special category and focused States”. The preconditions for eligibility are linked to reform measures taken by the States and the amount of interest subsidy is linked to the progress achieved in reforms linked parameters. The objective of the NEF scheme is to expedite investment in distribution sector to improve infrastructure and to incentivize the reform process in the sector. Projects under the scheme received from States are yet to be sanctioned.

Government of Madhya Pradesh has requested the Ministry to consider the interest subsidy on the disbursements of loans by Rural Electrification Corporation Limited (REC) during the years 2012-13 and 2013-14 for the purpose of feeder distribution scheme of Madhya Pradesh.

 

NEF Guidelines stipulate that projects sanctioned by lenders shall be considered by Steering Committee during FY 2012-13 and FY 2013-14 provided no disbursement has been made by the lender under these projects prior to submission of proposal to the Steering Committee. Feeder distribution schemes of Madhya Pradesh were sanctioned in FY 2010-11 and disbursements of the fund for schemes have also started. Accordingly, these Schemes of Madhya Pradesh are not eligible under NEF.

*****

 
PIB Release/DL/1247

Click here to download high quality photo

    Click here to download high quality photo

more photos ....
MEDIA UNITS

PIB MAIN SITE (DELHI)

DD NEWS

AIR NEWS

D A V P

R N I

D F F

GOVERNMENT LINKS

PRESIDENT

PRIME MINISTER

CENTRAL GOVERNMENT

MAHA. GOVERNMENT

MAHARASHTRA MEDIA

MEDIA LIST

NEWSPAPERS

TELEVISION MEDIA

MEDIA REGULATION

CABLE REGULATION

CONTENT CODE

ADVERTISING CODE

PROGRAMMING CODE

JOURNALIST CORNER

JOURNALISM BASICS

INDIAN SCHOOLS

INT.SCHOOLS

PIB LIBRARY

OTHER LINKS

INDIAN AIRLINES

INDIAN RAILWAYS

BUSES

Requested Page Not Found ---

This Site Content Administered by : Manish Desai, Director (M&C),
Press Information Bureau, Mumbai
Site is designed and hosted by National Informatics Centre (NIC)
Information is provided and updated by :Press Information Bureau