New Delhi: The Union Ministry of New and Renewable Energy (MNRE) on Sunday clarified that the government has not issued any advisory directing Financial Institutions to stop lending to renewable energy projects, countering media reports that claimed otherwise.

In an official statement, the ministry emphasised that no directive has been issued to pause financing of new green energy projects or renewable energy equipment manufacturing units.

However, MNRE confirmed that it has shared the latest status of domestic manufacturing capacity in the solar PV sector with the Department of Financial Services and non-banking financial companies (NBFCs) such as PFC, REC and IREDA. The ministry said this information was circulated to enable a calibrated and well-informed approach while evaluating fund

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