With reference to the Indian Renewable Energy Development Agency Limited (IREDA), which of the following statements is/are correct?
- It is a Public Limited Government Company.
- It is a Non-Banking Financial Company.
Select the correct answer using the code given below.
[UPSC Civil Services Exam – 2015 Prelims]
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
- Indian Renewable Energy Development Agency Limited (IREDA) is formed in 1987 as a Mini Ratna (Category – I) Government of India Enterprise under Government of India and administratively controlled by the Ministry of New and Renewable Energy (MNRE).
- The organisation is formed for promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation.