<h1>Cabinet Approves National Electricity Fund with Rs. 8,466 Crore Subsidy for DISCOMS to Boost Distribution Projects.</h1> The Cabinet Committee on Economic Affairs approved the National Electricity Fund (Interest Subsidy Scheme) to provide an interest subsidy of Rs. 8,466 crore over 14 years for electricity distribution projects. This scheme aims to support Distribution Companies (DISCOMS) in both public and private sectors, particularly in areas not covered by existing programs. Eligibility for the subsidy is tied to reform measures by states. The Rural Electrification Corporation Ltd will be the nodal agency. The scheme addresses financial stress in the distribution sector, aiming to reduce technical and commercial losses and improve the viability of distribution utilities.