With reference to the Indian Renewable Energy Development Agency Limited (IREDA), which of the follo

Question

With reference to the Indian Renewable Energy Development Agency Limited (IREDA), which of the following statements is/are correct?It is a Public Limited Government Company.It is a Non-Banking Financial Company.Select the correct answer using the code given below.

Accepted Answer

IREDA is a Public Limited Government Company established as a Non-Banking Financial Institution in 1987 under the administrative control of MNRE to promote, develop and extend financial assistance for renewable energy and energy efficiency/conservation projects.Both the statements are correct.