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Detailed explanation-1: -"New Development Bank sanctioned 4 loans including a loan of USD 250 million for a renewable energy scheme in India. Good beginning, ” tweeted Shaktikanta Das, Secretary for Economic Affairs.

Detailed explanation-2: -Reserve Bank of India has included bank loans up to a limit of ₹30 crore to borrowers for purposes like solar based power generators, biomass-based power generators, wind mills, micro-hydel plants and for renewable energy based public utilities, viz., street lighting systems and remote village electrification etc.

Detailed explanation-3: -But researchers say much more is needed to achieve the country’s climate goals. India’s plan to transition its economy towards green-energy production was a strong focus of this year’s national budget, with the government pledging 350 billion rupees (US$4.25 billion) to aid the transition.

Detailed explanation-4: -NDB was established in 2015 by BRICS countries The sanctions include freezing the Russian central bank’s assets, banning people and businesses from dealing with Russia, and removing select banks from the SWIFT financial messaging system.

Detailed explanation-5: -The Reserve Bank of India (RBI) last week doubled the loan limit for the renewable energy sector under ‘priority sector lending’ to Rs 30 crore.