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IREDA Signs MoU With BoM to Finance Renewable Energy Projects

Published on September 21, 2023
Current Context: On September 18, 2023, IREDA and BoM signed a Memorandum of Understanding (MoU) to collaborate on co-lending and loan syndication for renewable energy projects across the nation.
IREDA Signs MoU With BoM to Finance Renewable Energy Projects
  • The MoU aims to provide a robust financial ecosystem for green energy projects, making clean and sustainable energy accessible to more communities and industries.
  • The MoU also includes several services such as co-lending and co-origination support, facilitating loan syndication and underwriting, management of trust and retention account, and establishing stable fixed interest rates for IREDA borrowings.
  • The MoU was signed by General Manager (Technical Services) of IREDA, Bharat Singh Rajput, and General Manager (Retail & MSME Credit) of BoM, Rajesh Singh, at IREDA’s Business Centre in New Delhi.
  • IREDA CMD Das said that the MoU with BoM is another significant step in their ongoing efforts to promote renewable energy adoption in India and to achieve India’s goal of net zero emissions by the year 2070, the target set by the Prime Minister.


Q.1 What is the name of the state-owned enterprise that provides financing for renewable energy projects in India?
d. PFC

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