With reference to the Indian Renewable Energy Development Agency Limited (IREDA), consider the following statements:

IREDA, a Public Limited Government Company, was established in 1987 as a Non-Banking Financial Institution under MNRE's control.

IREDA is the only agency responsible for financing renewable energy projects in India.

How many of the above statements are correct?

Question

IREDA, a Public Limited Government Company, was established in 1987 as a Non-Banking Financial Institution under MNRE's control. Correct: IREDA is a Public Limited Government Company established as a NonBanking Financial Institution in 1987 under the administrative control of MNRE to promote, develop and extend financial assistance for renewable energy and energy efficiency /conservation projects with the motto: “ENERGY FOR EVER”.
IREDA is the only agency responsible for financing renewable energy projects in India. Incorrect: Multiple agencies, including the Ministry of New and Renewable Energy, also play significant roles.

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IREDA, a Public Limited Government Company, was established in 1987 as a Non-Banking Financial Institution under MNRE's control. Correct: IREDA is a Public Limited Government Company established as a NonBanking Financial Institution in 1987 under the administrative control of MNRE to promote, develop and extend financial assistance for renewable energy and energy efficiency /conservation projects with the motto: “ENERGY FOR EVER”.
IREDA is the only agency responsible for financing renewable energy projects in India. Incorrect: Multiple agencies, including the Ministry of New and Renewable Energy, also play significant roles.