Indian Renewable Energy Development Agency Limited (IREDA)

Indian Renewable Energy Development Agency Limited is a Mini Ratna (Category–I) non-banking financial institution under the administrative control of the Ministry of New and Renewable Energy (MNRE).

Indian Renewable Energy Development Agency Limited (IREDA)

About Indian Renewable Energy Development Agency Limited (IREDA):

  • It is a Mini Ratna (Category–I) non-banking financial institution under the administrative control of the Ministry of New and Renewable Energy (MNRE).
  • It is a Public Limited GovernmentCompany established as a Non-Banking Financial Institution (NBFC) in 1987.
  • REDA has been notified as a “Public Financial Institutionunder Section 4 ‘A’ of the Companies Act, 1956, and registered as NBFC with the Reserve Bank of India (RBI).
  • REDA is primarily engaged in promoting, developing and extending financial assistancefor setting up projects relating to new and renewable sources of energy and energy efficiency/conservation.
  • IREDA is the single largest “Green Financier” in the country. It caters to all technologies in the renewable energy sector and predominantly provides financing for the sector.
  • Motto: ENERGY FOR EVER
  • Objectives:

o To give financial support to specific projects and schemes for generating electricity and/ or energy through new and renewable sources and conserving energy through energy efficiency.

o To maintain its position as a leading organization to provide efficient and effective financing in renewable energy and energy efficiency/ conservation projects.

o To increase IREDA`s share in the renewable energy sector by way of innovative financing.

o Improvement in the efficiency of services provided to customers through continual improvement of systems, processes, and resources.

o To strive to be a competitive institution through customer satisfaction.

· Funding: IREDA generates its revenue through the interest and principal repayments from the projects it finances, as well as by raising funds from the market and through borrowings.


Q1: What is a Non-Banking Financial Company (NBFC)?

An NBFC is a company registered under the Companies Act 1956engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by the Government or local authority or other marketable securities of a like nature. They offer various banking services but do not have a banking license. They provide banking services like loans, credit facilities, TFCs, retirement planning, investing and stocking in the money market. NBFCs are regulated by the Reserve Bank of India (RBI), the central bank of India.Generally, these institutions are not allowed to take traditional demand deposits. NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself

Source:IREDA holds Strategic Meet, outlines plans for Business Expansion and Cost Reduction

Latest UPSC Exam 2025 Updates

Last updated on June, 2025

UPSC Notification 2025 was released on 22nd January 2025.

UPSC Prelims Result 2025 is out now for the CSE held on 25 May 2025.

UPSC Prelims Question Paper 2025 and Unofficial Prelims Answer Key 2025  are available now.

UPSC Calendar 2026 is released on 15th May, 2025.

→ The UPSC Vacancy 2025 were released 1129, out of which 979 were for UPSC CSE and remaining 150 are for UPSC IFoS.

UPSC Mains 2025 will be conducted on 22nd August 2025.

UPSC Prelims 2026 will be conducted on 24th May, 2026 & UPSC Mains 2026 will be conducted on 21st August 2026.

→ The UPSC Selection Process is of 3 stages-Prelims, Mains and Interview.

UPSC Result 2024 is released with latest UPSC Marksheet 2024. Check Now!

UPSC Toppers List 2024 is released now. Shakti Dubey is UPSC AIR 1 2024 Topper.

→ Also check Best IAS Coaching in Delhi

Vajiram Editor
Vajiram Editor
UPSC GS Course 2026
UPSC GS Course 2026
₹1,75,000
Enroll Now
GS Foundation Course 2 Yrs
GS Foundation Course 2 Yrs
₹2,45,000
Enroll Now
UPSC Prelims Test Series
UPSC Prelims Test Series
₹6000
Enroll Now
UPSC Mains Test Series
UPSC Mains Test Series
₹16000
Enroll Now
UPSC Mentorship Program
UPSC Mentorship Program
₹85000
Enroll Now
Enquire Now