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JICA signed Loan Agreement with TCCL

Published on March 28, 2021
Current Context: The Japan International Cooperation Agency (JICA) has signed a loan agreement with Tata Cleantech Capital Ltd (TCCL).
JICA signed Loan Agreement with TCCL
  • 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: 

Q.1 With which organisation, was the loan agreement of 10 billion Japanese yen was signed by Japan International Cooperation Agency (JICA)?
a. Reliance
b. Power Grid Corporation of India Limited
c. Tata Cleantech Capital Ltd (TCCL)
d. NABARD
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