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Ireda planning arm to finance rooftop solar, electric vehicles
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Punjab National Bank to collaborate on financing renewable energy projects across the country. This partnership is aimed at streamlining and accelerating access to finance for developers in this critical sector, according to an exchange filing.
Ireda is a Mini Ratna (Category – I) government of India enterprise under the administrative control of ministry of new and renewable energy (MNRE). A non-banking financial institution, IREDA is engaged in promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency or conservation.
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