Ministry seeks removal of priority lending limit for renewable energy to boost financing
BENGALURU: The Ministry of New and Renewable Energy (MNRE) has decided to request the Reserve Bank of India to categorise renewable energy into a separate segment from power, and remove priority sector lending limit for the sector to ensure higher financing.
The decision came after a review meeting held by RK Singh, minister of state for power and new & renewable energy, on Monday with all stakeholders of the renewable energy industry.
The development is expected to help developers get access to easy finance.
