Information

India Renewable Energy Development Agency (IREDA) is a Mini Ratna Government of India Enterprise operating under the administrative control of the Ministry of New and Renewable Energy. It primarily focuses on promoting, developing, and extending financial assistance for setting up projects related to new and renewable sources of energy and energy efficiency/conservation. Entrepreneurs and startups in the renewable energy sector benefit from IREDA's financial support, which can include loans, grants, and other funding mechanisms aimed at fostering innovation and growth in clean energy technologies. By partnering with IREDA, businesses gain access to not only financial resources but also valuable industry insights and networking opportunities within the renewable energy sector.

How to Apply

To apply for funding or support from IREDA, interested entrepreneurs and organizations need to visit the official IREDA website. There, they can find detailed guidelines and eligibility criteria for various schemes and programs offered by IREDA. The application process typically involves submitting a detailed project proposal, including financial projections, technical details, and the potential environmental impact of the project. After submission, the proposal is reviewed by IREDA's team of experts, and successful applicants are notified for further due diligence and funding disbursement.

Total number of startups invested: 2

Average Funding: Varies depending on project size and scope; typically substantial given the infrastructure nature of renewable energy projects.

Industry: Renewable energy, energy efficiency, and energy conservation

Market: India