Monday, June 2, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Investment

Investment: IREDA highlights significance of lending to MSMEs’ RE projects

Fiinews by Fiinews
December 12, 2023
in Investment
Reading Time: 2 mins read
A A
0
PIB

Das speaks about financing MSMEs RE projects at COP28 in Dubai.

0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

Das underlines MSMEs role in environmental sustainability

The Indian Renewable Energy Development Agency Limited (IREDA) Chairman and Managing Director Pradip Kumar Das has highlighted the significance of lending to Micro, Small & Medium Enterprises (MSMEs) in the Renewable Energy sector, emphasizing both its economic and environmental contributions.

During a session on “Pioneering Sustainability in MSMEs: Envisioning Global Growth and Local Impact”, organized by the International Solar Alliance and CII, as part of COP 28 in Dubai on 10 Dec 2023, he reiterated IREDA’s commitment to promoting environmental sustainability.

The commitment involves increasing the participation of MSMEs in the Renewable Sector through accessible loan facilities, reinforcing the organization’s dedication to a sustainable future.

Das stressed the pivotal role that MSMEs play in environmental sustainability and informed that MSMEs currently constitute approximately 2% of the company’s total loan assets in FY22.

IREDA is dedicated to continuously addressing the challenges faced by MSMEs and is actively working towards enhancing their participation in the Renewable Energy sector.

He also underlined that Agriculture Sector and MSMEs are the largest contributors in GDP Growth.

Das acknowledged that a significant obstacle for MSME entrepreneurs is securing loans at reasonable interest rates.

However, IREDA has made substantial progress in improving the Ease of Doing Business. This includes the implementation of faceless loan sanctions and disbursements, reduction in the documentation involved in loan sanction and disbursement cycle, as well as an expansion of geographical reach across the country.

Highlighting a successful case study involving lending to e-rickshaws through Mufin Green Finance, Das shared that IREDA intervened to lower existing interest rates ranging from 30% -36% to 18%.

Leveraging its track record of making previously unbankable sectors bankable, he expressed confidence that company’s initiatives would result in increased MSME participation in the green energy sector. Fiinews.com

Tags: IREDAMNRE
ShareTweetShare

Related Posts

CII
Investment

Invest: Economy set for growth for 30 years

by Fiinews
June 1, 2025
0
20

FTAs way forward for trade-based growth   India to remain fastest-growing large economy in the world for next 30 years,...

Shipping Corp of India
Investment

Invest: India to build 112 crude carriers – report

by Fiinews
May 26, 2025
0
20

Plate prices fell $9/MT, scrap up $4/MT India plans to spend US$10 billion over the next 15 years to build...

Rising Northeast

Invest: Summit wins Rs.4.3lcr investor commitments

May 26, 2025
19
Sanjay J Patel 2

Invest: Tembo to spend Rs.1,000cr on manufacturing

May 24, 2025
15
String Metaverse

Invest: String Metaverse spends Rs.415cr on Data Centres

May 17, 2025
19
SSGA

Invest: SSGA broadens access for Indian investors

May 17, 2025
18
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Project: Deakin’s Gift City first placement done
  • Project: Tier-II and III cities new growth engines
  • Market: Pune GCC leads Sonny’s expansion
  • Market: Spark expands to MEASA from Dubai
  • Market: Phantom wins high-value contracts

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.