In the news:
Indian Renewable Energy Development Agency Limited (IREDA) has achieved a historic feat in FY 2024-25 by registering tremendous growth in its loan approvals, disbursements and loan book. As per provisional data, IREDA has made loan approvals of ₹47,453 crore till 31st March 2025, which is 27% higher than last year. Loan disbursement also grew by 20% to ₹30,168 crore during the same period, while the loan book grew by 28% to ₹76,250 crore.
Key highlights of IREDA’s stellar financial performance:
- Loan Approvals: ₹47,453 crore (27% growth)
- Loan Disbursements: ₹30,168 crore (20% growth)
- Outstanding Loan Book: ₹76,250 crore (28% growth)
India moving strongly towards clean energy:
Shri Pradeep Kumar Das, Chairman & Managing Director, IREDA said on this achievement, “Our continued progress is a testimony to the fact that we are taking strong steps towards India’s clean energy goals. The increase in loan approvals and disbursements reflects our commitment to support renewable energy projects.”He further added, “We are playing a vital role in India’s green energy transition through innovative and accessible financing solutions. This achievement also underlines our transparency and strong corporate governance towards our investors and partners.”
What is the impact of this :
- India’s renewable energy sector will get more financial support.
- Clean energy projects will get a boost, which will reduce carbon emissions.
- The renewable energy sector can become more attractive for investors.
- India’s energy self-sufficiency will be promoted.
IREDA: Important information from the exam point of view
- Establishment: 11 March 1987
- Headquarters: New Delhi
- Ministry: Ministry of New and Renewable Energy (MNRE)
- Objective: To provide financial assistance to renewable energy projects in India.
- Field: Solar energy, wind energy, bioenergy, small hydropower projects etc.
- Important initiatives: IPO launch (2023), green financing, support to net-zero target.
This achievement of IREDA is an important step towards empowering India’s energy future. These figures are still under audit, but reflect the great progress of IREDA.
