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IREDA NCEF Refinance scheme

Posted 01/04/2023
Description Indian Renewable Energy Development Agency Ltd. (IREDA) has published a revised refinance scheme under the support by The National Clean Energy Fund (NCEF) elaborating about the revival of the operations of existing biomass power & small hydro power projects affected due to unforeseen circumstances
Provider Type Central Govt / State Govt / Private Sector Central government
Provider Name National clean energy fund
Amount 15 crores
Grant Conditions & Qualifying Criteria Scheduled commercial banks and financial institutions would be eligible for refinance from IREDA under this Scheme. Grant of refinance shall be at the sole discretion of IREDA who would also determine the availability and extent of refinance. The scheduled commercial banks / financial institutions shall be required to satisfy, inter alia, the following parameters to be eligible for availing refinance under the Scheme:                                                                                                                                           i) They should be profit-making for the last three years and should have no accumulated losses.                                                                                                                                                                                                                  ii) Gross Non-Performing Assets as a percentage of Gross Advances should normally not exceed five per cent for the entire portfolio of the lending institution. The condition will not be applicable to State/ Central PSU Banks/Govt. NBFC’s/ Govt. FIs.                                                                                                                                   iii) The Capital Adequacy Ratio should be in conformity with the prescribed regulatory norms
Focus Sector (Healthcare, Defense, Agriculture, etc.)
Provider Contact Email NA
Provider Website URL https://www.startupindia.gov.in/content/sih/en/government-schemes/national-clean-energy-fund-Refinance.html
Type of funding (Grant, Loan or Equity) NA
Process NA
Tips for Winning NA
Provider Indian State NA
Provider Contact Address
Is Active "Yes"
Other Details