Government Upgrades IREDA to ‘Schedule A’ CPSE

On 29th September, 2023, the Union government upgraded the Indian Renewable Energy Development Agency Ltd. (IREDA), the largest pure-play green financing Non-Banking Finance Company in India from 'Schedule B' to the 'Schedule A' category of Central Public Sector Enterprises.

Significance

  • Way to Navratna Status: The elevation of IREDA to the ‘Schedule A’ category opens the door for its upgradation from “Mini Ratna (Category– I)” to “Navratna” status.
  • Increased Financial Autonomy: This will grant increased financial autonomy to IREDA, allowing the organization to make more strategic decisions to further its commitment to accelerating the adoption of renewable energy solutions across the ....
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