The task group of Planning Commission on redressing growing regional imbalances will firm up the modalities for operationalising the Rs 25,000-crore Backward States Grant Fund. The Fund, which was announced by finance minister P Chidambaram in his Budget speech in July, is expected to become operational in the next fiscal. The Fund will subsume part of the Rashtriya Sam Vikas Yojana (RSVY), an initiative undertaken in the Tenth Plan. The three components of RSVY include special plan for Bihar, KBK districts of Orissa and backwards districts initiative covering 147 districts.