Which of the following statements is are incorrect The Solar Energy Corporation of India was formed ...........

Jammu and kashmir Economy

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Which of the following statements is/are incorrect?

The Solar Energy Corporation of India was formed under Section 25 the Companies Act, 1956, in 2011.
It is the only Central Public Sector Undertaking (PSU) dedicated to the solar energy sector.

1 only

2 only

Both

None

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Explanation:

The SECI was registered as Section 25 under the Companies Act, 1956, on 9 September 2011.

It was set up as a Non-for-Profit Company to promote solar energy in India.

It is the only Central Public Sector Undertaking (PSU) dedicated to the solar energy sector.

The company is responsible for implementation of a number of government schemes.

Major ones being the VGF schemes for large-scale grid-connected projects under NSM, solar park scheme and grid-connected solar rooftop scheme, along with a host of other specialised schemes such as defence scheme, canal-top scheme, and Indo-Pak border scheme.

In addition, SECI has ventured into solar project development on turnkey basis for several PSUs.

The company also has a power-trading licence and is active in this domain through trading of solar power from projects set up under the schemes being implemented by it.