Chairman & Managing Director of the Indian Renewable Energy Development Agency Limited (IREDA)Shri Pradip Kumar Das has highlighted the significance of lending to Micro, Small & Medium Enterprises (MSMEs) in the Renewable Energy sector, emphasizing both its economic and environmental contributions. During a session on “Pioneering Sustainability in MSMEs: Envisioning Global Growth and Local Impact” organized by the International Solar Alliance and CII, as part of COP 28 in Dubai today, December 10, 2023, he reiterated IREDA’s commitment to promoting environmental sustainability. The commitment involves increasing the participation of MSMEs in the Renewable Sector through accessible loan facilities, reinforcing the organization’s dedication to a sustainable future.
The CMD stressed the pivotal role that MSMEs play in environmental sustainability and informed that MSMEs currently constitute approximately 2% of the company’s total loan assets in FY 22. IREDA is dedicated to continuously addressing the challenges faced by MSMEs and is actively working towards enhancing their participation in the Renewable Energy sector. He also underlined that Agriculture Sector and MSMEs are the largest contributors in GDP Growth.
