"IREDA to increase MSME participation in renewable energy by offering more loans"

NEW DELHI: The Indian Renewable Energy Development Agency (IREDA) on Friday said it is committed to increasing the participation of MSMEs in the green energy sector by offering more loans, it's Chairman and Managing Director Pradip Kumar Das said. He was speaking at the MSME Banking Conclave 2022.

Addressing the conclave organized by MSME Business Forum India, Minister of State for Finance Bhagwat Karad lauded the efforts of the IREDA for the overall development of the renewable energy sector and said that MSMEs only represent 1.86 percent of the company's total loan assets of Rs 33,884 crore (as of May 2022), the IREDA is attempting to address the issues of MSMEs in order to increase their participation in the renewable energy (RE) sector.

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