Indian Renewable Energy Development Agency Limited (IREDA)

RELEVANCE – UPSC GS PRELIMS & GS MAINS III 
First go through the text (given after the questions) and then attempt the questions
UPSC PRELIMS 2015

QUES . With reference to the Indian Renewable Energy Development Agency Limited (IREDA), which of the following statements is/are correct?
1 . It is a Public Limited Government Company.
2 . It is a Non – Banking Financial Company.
Select the correct answer using the code given below.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 or 2

Answer: (c)

Indian Renewable Energy Development Agency Limited (IREDA)

IREDA is a Non-Banking Financial Institution under the administrative control of  Ministry of New and Renewable Energy (MNRE) for providing term loans for renewable energy and energy efficiency projects.

IREDA is a Mini Ratna (Category – I) Government of India Enterprise. IREDA is a Public Limited Government Company established in 1987 , engaged in promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation with the motto: “ENERGY FOR EVER”