Consider the following about Indian Renewable Energy Development Agency Limited IREDA It is a Navrat...........

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Consider the following about Indian Renewable Energy Development Agency Limited (IREDA).

It is a Navratna public limited government company.
It is headed by the Cabinet Secretary.
It is under the administrative control of the Department of Science and Technology (DST).
It provides financial support to projects that aim at generating electricity through new and renewable energy sources.

Select the correct answer using the codes below.

1 and 2 only

2, 3 and 4 only

4 only

2 and 3 only

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Explanation:

IREDA) is a Mini Ratna (Category – I) Government of India Enterprise under the administrative control of Ministry of New and Renewable Energy (MNRE). IREDA is a Public Limited Government Company established as a Non-Banking Financial Institution in 1987 engaged in promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation

Its objectives are, inter alia:

To give financial support to specific projects and schemes for generating electricity and / or energy through new and renewable sources and conserving energy through energy efficiency.
To increase IREDA's share in the renewable energy sector by way of innovative financing.
Improvement in the efficiency of services provided to customers through continual improvement of systems, processes and resources.