The Union Cabinet approved infusion of 1500 crore rupees in IREDA

It will help generate 10,200 jobs a year and reduce carbon emissions equivalent to approximately 7.49 million tonnes per year. The IREDA played a big role in the field of renewable energy and its portfolio had increased from ₹8,800 crore to ₹28,000 crore in the past six years.

IREDA is a Non-Banking Financial Institution engaged in promoting, developing, and extending financial assistance for setting up projects relating to new and renewable sources of energy.

Important takeaways for all competitive exams:

• IREDA Founded: 1987
• IREDA Headquarters: New Delhi
• IREDA Chairperson: Pradip Kumar Das

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