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In all, renewable energy projects received 18,263 crore, or $2.64 billion, of loans in 2018. IFC, part of the World Bank group, said in 2017 that India would need $450 billion to finance renewable.
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He said the current 26 – 30 per cent lending rate from banks was discouraging people for borrowing, which has brought about a lot of un-serviced loans in the financial sector. "If you consider the.
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