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Option 3 : Both 1 and 2
The correct answer is Both 1 and 2.
- IREDA has been awarded “Mini Ratna” (Category-I) status in 2015 by the Ministry of New and Renewable Energy (MNRE).
- The Indian Renewable Energy Development Agency (IREDA) is a Non-Banking Financial Institution under the administrative control of the Ministry of New and Renewable Energy (MNRE). Hence statement 2 is correct.
- Indian Renewable Energy Development Agency Limited (IREDA) was established on 11th March 1987 as a Public Limited Government Company under the Companies Act, 1956. Hence statement 1 is correct.
- It promotes, develops, and extends financial assistance for Renewable Energy and Energy Efficiency/Conservation Projects.
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