Scheduled Banks’ Loans to Renewable Projects Up 113% in April-Nov Period

Renewable sector was added to the priority lending category in 2015

January 16, 2023

/ Finance and M&A, Other, Renewable Energy,

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The loans to the renewable energy projects disbursed by the scheduled commercial banks stood at ₹41.77 billion (~$507.19 million) as of November 2022. This is a 113% year-over-year jump in comparison to ₹19.61 billion (~$238.11 million), according to Reserve Bank of India (RBI) data.

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Arjun Joshi

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Scheduled Banks’ Loans to Renewable Projects Up 113% in April-Nov Period

Continue Reading with Premium Access

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