IREDA Pushes Competitive RE Financing Solution During its 18th Stakeholders’ Meet
IREDA highlighted amendments to financing norms, including revisions to rebate structures, simplifications for MSMEs and smaller loans and a new fee structure to streamline the financing process during its 18th Stakeholders’ Meet.
December 07, 2024. By Mrinmoy Dey
In his opening remarks, Das highlighted IREDA’s significant achievements in the first half of FY 2024-25, emphasising ease of doing business and access to low-cost funds for RE developers. He noted IREDA's efforts to secure competitive funding for enhancing projects' bankability and setting industry benchmarks by publishing Q2 financial results in just 10 days - the first CPSE in the Banking and NBFC sector to achieve this.He also stressed stakeholders’ cooperation in compliance, timely reporting and dues clearance to sustain asset quality and strengthen IREDA’s credit rating.
IREDA highlighted amendments to financing norms, including revisions to rebate structures, simplifications for MSMEs and smaller loans and a new fee structure to streamline the financing process. “An Action Taken Report (ATR) was also presented, addressing major suggestions from the previous Stakeholders' Meet held on August 23, 2024. The report highlighted measures implemented to simplify processes and improve communication with borrowers,” noted IREDA in a statement.
Borrowers from across the RE sectors provided valuable suggestions and feedback during the interaction. “These insights will play a pivotal role in shaping IREDA’s future initiatives and strategies, ensuring alignment with the evolving needs of the industry,” noted the statement.
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