Which of the following steps have been taken up to promote renewable energy 1 Raising money through ...........

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Which of the following steps have been taken up to promote renewable energy?

1. Raising money through Infrastructure Debt Funds to finance green projects

2. Inclusion of renewable energy in Priority Sector lending

3. Setting up of National clean energy fund

Select the correct answer using the code given below.

1 and 2 Only

1 and 3 Only

2 and 3 Only

All of the above

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Explanation:

IDFs are investment vehicles which can be sponsored by commercial banks and NBFCs in India in which domestic/offshore institutional investors, specially insurance and pension funds can invest through units and bonds issued by the IDFs. State-owned India Infrastructure Finance Co. Ltd (IIFCL) in the process of raising Rs.1,000 crore from second tranche of infrastructure debt fund (IDF) to finance renewal energy projects.
The Reserve Bank of India (RBI) has revamped priority sector lending (PSL) norms. Now, loans to sectors such as social infrastructure, renewable energy and medium enterprises will also be treated as PSL.
The National Clean Energy Fund (NCEF) is a fund created in 2010-11 using the carbon tax - clean energy cess - for funding research and innovative projects in clean energy technologies of public sector or private sector entities, upto the extent of 40% of the total project cost. The Fund is designed as a non lapsable funds under Public Accounts.