Consider the following statements about Indian Renewable Energy Development Agency (IREDA):

It is a maharatna company under the Ministry of New and Renewable Energy (MNRE).

It was set up as a specialized non-banking finance agency for the renewable energy sector.

Which of the statements given above is/are correct?

Question

Indian Renewable Energy Development Agency (IREDA) is a mini ratna company under the Ministry of New and Renewable Energy (MNRE).
It was set up in 1987 as a specialized non-banking finance agency for the renewable energy sector.
IREDA plays a key role in the renewable energy project financing which gives confidence to the financial institutions/banks to lend in the sector.

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Indian Renewable Energy Development Agency (IREDA) is a mini ratna company under the Ministry of New and Renewable Energy (MNRE).
It was set up in 1987 as a specialized non-banking finance agency for the renewable energy sector.
IREDA plays a key role in the renewable energy project financing which gives confidence to the financial institutions/banks to lend in the sector.

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