The Union Cabinet approved infusion of one thousand 500 crore rupees in Indian Renewable Energy Development Agency Limited, IREDA.
Cabinet approves infusion of Rs. 1500 Cr in IREDA
It will enable IREDA to lend 12 thousand crore rupees to the renewable energy sector. He said, this will enhance its net worth which will help it in additional Renewable Energy financing.
It will also improve the capital-to-risk weighted assets ratio to facilitate its lending and borrowing operations. The decision will generate employment over ten thousand jobs every year.
