IREDA approved loans worth Rs 37,354 crore in the financial year 2023-24. Loktej Business News

IREDA approved loans worth Rs 37,354 crore in the financial year 2023-24.  Loktej Business News

New Delhi, 02 April (HS). Indian Renewable Energy Development (IREDA) has created a record of achieving the highest ever loan approvals and disbursements. IREDA has approved the maximum loan in the last financial year 2023-24.

In a statement issued on Tuesday, the Ministry of New and Renewable Energy said that public sector company IREDA has sanctioned loans worth Rs 37,354 crore in the financial year 2023-24, while loans worth Rs 25,089 crore have been disbursed. According to the ministry, loans worth Rs 47,076 crore were disbursed in the financial year 2022-23.

According to the ministry, IREDA’s annual loan approvals have increased by 14.63 percent from Rs 32,587 crore in the financial year 2022-23 to Rs 37,354 crore in the financial year 2023-24. Loan approvals more than doubled to Rs 23,796 crore in the fourth quarter (January-March) of the last financial year 2023-24, which was Rs 11,797 crore in the same quarter of the last financial year.

IREDA Chairman and Managing Director (MD) Pradeep Kumar Das said that IREDA’s record loan approval and disbursement for the last financial year 2023-24 underlines our strong commitment to drive the renewable energy revolution in the country.

Indian Renewable Energy Development Agency Limited is a public sector enterprise which provides financial assistance and other services to projects related to renewable sources of energy and energy efficiency and conservation.



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