- The loan agreement was signed to offer loans to the Indian firms which work in the Clean Energy project sectors.
- The loan agreement of 10 billion Japanese yen (approx. 660 crores) was signed between the firms.
- The loan amount will be granted through JICA’s private sector investment finance scheme and is co-financed with the Sumitso Mitsui Banking Corporation (SMBC).
- The TCCL will make use of this loan amount to reduce the impact of climate change by offering green finance.
- This joint agreement will accelerate the pace of transition to clean energy in India.
- They will work to support the projects like renewable energy, e-mobility and energy efficiency sectors by channelising climate finance in India.
- Static Part:
- HQ of JICA: Tokyo, Japan
- HQ of TCCL: Mumbai
Question:
a. Reliance
b. Power Grid Corporation of India Limited
c. Tata Cleantech Capital Ltd (TCCL)
d. NABARD
