Facts for Prelims (FFP)
Source: PIB
Context: The Indian Renewable Energy Development Agency Ltd. (IREDA), a prominent green financing Non-Banking Finance Company focused on renewable energy, has achieved an upgrade from ‘Schedule B’ to ‘Schedule A’ status as a Central Public Sector Enterprise.
- This elevation to ‘Schedule A’ status sets the stage for IREDA to potentially attain “Navratna” status, granting it greater financial autonomy.
- This upgraded status enables IREDA to make strategic decisions that further promote the adoption of renewable energy solutions in India.
The Government of India categorizes Central Public Sector Enterprises (CPSEs) into four schedules: Schedule A, B, C, and D. The categorization of a CPSE affects the organizational structure and salary of the board level incumbents.
