THE MINISTER OF STATE (I/C) FOR NEW & RENEWABLE ENERGY, POWER and MoS for SKILL DEVELOPMENT AND ENTREPRENEURSHIP
(SHRI R.K. SINGH)
(a)to(c) The Indian Renewable Energy Development Agency Limited (IREDA), a Government Company established in 1987 as a Non-Banking Financial Institution, has been extending financial assistance through innovative financial mechanisms for projects generating electricity and / or energy through renewable energy sources, generally referred to as green energy.
Since its inception, IREDA has disbursed loans of Rs 45,503 crore. In the financial year 2019-20, IREDA has so far disbursed loans of Rs 9,385 crore.
(d) IREDA has been financing renewable energy projects across India.
(e) IREDA’s performance targets for the financial year 2019-20 include 96.25 per cent loan disbursement of total funds available and revenue of Rs 2300 crore from operations.
(f) Does not arise.
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