The Ministry of Power (MoP) has issued detailed guidelines for the reform-based result-linked Revamped Distribution Sector Scheme, which will be implemented over the next five years. An outlay of Rs 3.03 trillion has been set for the programme, of which budgetary support of Rs 976.31 billion will be provided by the central government. REC Limited and the Power Finance Corporation (PFC) will be nodal agencies responsible for implementing the programme. The scheme targets reducing aggregate technical and commercial (AT&C) losses across the country to 12-15 per cent and eliminating the gap between the average cost of supply (ACS) and the average revenue realised (ARR) by 2024-25. As per the scheme guidelines, state power distribution companies were supposed to apply for participating in the scheme by October 31, 2021, which was later extended to December 31, 2021.