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<h1>Interest subsidy scheme: eligibility tied to state reform progress; projects with prior disbursements are excluded under NEF.</h1> The National Electricity Fund (Interest Subsidy Scheme) provides interest subsidies to state power utilities for distribution improvement, with eligibility and subsidy amount linked to state classification and progress on reform-linked parameters; only projects with no lender disbursements prior to proposal submission will be considered by the Steering Committee, so earlier-sanctioned and disbursed feeder schemes are ineligible under NEF Guidelines.