Categories: Banking

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:

Sumit Arora

Recent Posts

ICC Imposes Five-Year Ban on West Indies Cricketer Devon Thomas for Anti-Corruption Breaches

The International Cricket Council (ICC) has taken strong action against West Indies player Devon Thomas…

10 mins ago

Pratima Singh (IRS) Appointed as Director in DPIIT

The Department of Personnel & Training (DoPT) has announced the appointment of Pratima Singh, an…

10 mins ago

India’s Manufacturing Activity in April: Second Strongest in 3.5 Years

India's manufacturing sector has continued its robust performance into the first quarter of the new…

57 mins ago

RBI Imposes Monetary Penalties on Co-operative Banks

The Reserve Bank of India (RBI) has recently imposed monetary penalties on several co-operative banks…

1 hour ago

Top-10 Millet Producing Countries in the World 2024

In recent years, there has been a resurgence of interest in millets due to their…

1 hour ago

Amul Becomes Lead Sponsor for USA and South Africa in T20 World Cup 2024

The renowned Indian dairy giant Amul has been named the Lead Arm sponsor for the…

2 hours ago