REC


Appointment of Independent evaluators for evaluation of pre-eligibility conditions and eligibility criteria
submitted by Borrower on annual basis.
Yearly appraising of proposals as per evaluation done by Independent evaluators.
Verify the interest subsidy claims of the Borrowers on the basis of evaluation of independent evaluators
and recommend interest subsidy on loan proposals for approval of the Steering Committee.
Notification of the eligibility of rate of interest subsidy in respect of entities on the basis of achievement
by the beneficiaries for reform-linked milestones prescribed in the scheme for all entities considered eligible under the scheme and seeking approval for continuation of interest subsidy.
Conduct necessary works including obtaining approval of the Steering Committee for sanctioning of
proposals and payment of interest subsidy to eligible Borrower/Utility.
Receive the Interest Subsidy amount from the Government of India annually and keep the same in separate
Bank account for disbursement from time to time to Borrower, payment of service charges and other incidental costs etc.
News & Notice

Steering Committee in the 6th meeting held on 31.03.2015 has approved interest subsidy of Rs. 751.32 lakh under NEF
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Second workshop at Guwahati on operational guideline of National Electricity Fund Interest Subsidy Scheme was held on 25 July 2013, for all the Discom/Power department of North Eastern State (including Sikkim).
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Sensitization workshop was conducted in Chennai, Kolkata, Patna and Trivandrumfor their respective discomson Operational Guidelines
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Steering Committee has sanctioned proposals worth Rs. 10953.80 cr of capital loan from 8 states (11 discoms) during its meeting held on
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REC conducted Workshop in J&K for Power Department of the state on Operational Guidelines of National Electricity Fund-Interest Subsidy scheme on 22nd September, 2012.
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Sensitization workshop was conducted in Bhubaneswar on 24th September 2012 for Odisha Discoms on Operational Guidelines of National Electricity Fund- Interest Subsidy scheme.
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Workshop in Guwahati on Operational Guidelines of National Electricity Fund-Interest Subsidy scheme was held on 26th September,2012 for all North Eastern states including Sikkim.
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REC conducted a Presentation in Haryana for both the Discoms of the state on Operational Guidelines of National Electricity Fund-Interest Subsidy scheme on 1st October, 2012.
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Sensitization workshop was conducted in Shimla on 3rd October, 2012 for Himachal Pradesh Discom on Operational Guidelines of National Electricity Fund- Interest Subsidy scheme.
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Workshop at Bhopal on Operational Guidelines of National Electricity Fund-Interest Subsidy scheme was held on 5th October, 2012 for all the discoms of Madhya Pradesh.
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REC conducted Workshop in Gujarat for all the Discoms of the state on Operational Guidelines of National Electricity Fund-Interest Subsidy scheme on 12th October, 2012.
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