The government is considering a proposal to accord Development Financial Institution (DFI) status to REC. The objective behind the move is to enable REC to steer global climate funding and net zero investment in the country. REC as a DFI will analyse end-to-end capital flow requirements and bridge the gap by large-scale fund mobilisation and monitoring the funds.
REC is engaged in providing financial assistance to state electricity boards, state government departments and rural electric cooperatives for rural electrification projects as are sponsored by them.
