IREDA Interest Rates

Hello, I want to know the details of the interest rates on the loan provided by the Indian Renewable Energy Development Agency Ltd.

[Pathak]

Hello, here I am providing you the details of the interest rates on the loan provided by the Indian Renewable Energy Development Agency Ltd as under:

About the company:
Ministry of New and Renewable Energy or MNRE is a ministry of Government of India. The ministry is currently headed by Piyush Goyal, a Cabinet Minister. The ministry was established as the Ministry of Non-Conventional Energy Sources in 1992.

Interest Rate matrix for Sectors w.e.f. 22.06.2012 Onwards
Borrower / Sector Interest Range (p.a.)
Schedule A, 'AAA' Rated PSUs 11.50%
State Sector Borrowers 11.50% - 11. 90%
Wind Energy, Co-generation & Hydro 11.90% - 12.50%
Solar PV & Energy EE/ EC 12.25% - 13.00%
Solar Thermal & Biomass Power 12.50% - 13.25%
Sectors other than above 13.50%
Manufacturing (All Sectors)
Companies having existing units - 13.50%
Green Field – 13.75%

Sector Financed
Hydro Energy
Wind Energy
Solar Energy
Energy Efficiency & Conservation (Including DSM)
New & Emerging Technologies
Bio Energy
Requirement of External Credit Rating
Developmental Activities /Initiatives

Contact details:
Corporate Office
3rd Floor, August Kranti Bhawan,
Bhikaiji Cama Place, New Delhi – 110 066.
Tel: +91 11 26717400 - 26717412
Fax: +91 11 26717416
Email: cmd@ireda.gov.in