Multiple Choice Questions on Which Institution has provided USD 50 mn to L amp T Infra Finance for renewable energy ........ for General Knowledge ( All Exams) Preparation

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Multiple Choice Questions

Which Institution has provided USD 50 mn to L amp T Infra Finance for renewable energy ........

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    Which Institution has provided USD 50 mn to L&T Infra Finance for renewable energy ?

    World Bank

    Incorrect Answer

    IMF

    Incorrect Answer

    ADB

    Incorrect Answer

    AIIB

    Correct Answer
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    Explanation:
    • L&T Infrastructure Finance Company Ltd (LTIFCL) has received USD 50 million from the Asian Infrastructure Investment Bank (AIIB), for funding Renewable Energy projects in the country.
    • The loan amount is first tranche of the total USD 100-million ECB (External Commercial Borrowing) loan approved by Beijing-based AIIB.
    • The fund will be used for on-lending large and mid-scale wind and solar power infrastructure projects in India.
    • Also, this is the first loan by AIIB to a non-banking financial company (NBFC) in India.

    By: Rohit Middha
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