MSME India

Possibilities For MSME In Renewable Energy

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

Discoursing the conclave organised 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.

Das said while MSMEs only represent 1.86 per cent of the company’s total loan support of Rs 33,884 crore (as of May 2022), the IREDA is attempting to manage the problems of MSMEs in order to increase their participation in the renewable energy (RE) sector.

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