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News Brief | September 2016

Banks, FIs provide over Rs.78,000 cr for clean energy projects

Banks and financial institutions (Fis) have sanctioned about Rs.78,830 crore funding for clean energy projects, of which Rs.33,482.83 crore has been released till March end this year, Minister of New and Renewable Energy Piyush Goyal informed the Parliament. Overall, as many as 23 public sector and 7 private sector banks as well as 4 public sector and 2 private sector non-banking financing companies (NBFCs) have committed for financing renewable energy projects of 76,350 MW in the country with an outlay of Rs.3,72,240 crore. Goyal added that the World Bank has also approved a loan of $620 million (Rs.4,228 crore) and a grant of $5 million (Rs.34.50 crore) from clean technology fund for the grid connected rooftop solar programme in May 2016.

Contact: Ministry of New and Renewable Energy

Website: www.mnre.gov.in
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