New Delhi (TIP)- The government on January 19 approved Rs 1,500 crore for equity infusion in the public sector renewal energy lending company IREDA to enhance its capacity to offer financial support to the industry. Sharing the details of the decision taken at a meeting of the Union Cabinet, chaired by Prime Minister Narendra Modi, Information & Broadcasting (I&B) Minister Anurag Thakur said, the fresh equity infusion in the Indian Renewable Energy Development Agency (IREDA) Ltd., a PSU under the Ministry of New and Renewable Energy, would enable it to lend loans up to Rs 12,000 crores to the sector. Thakur further said, “The IREDA plays a big role in the field of renewable energy. This agency was established to finance renewable energy. Its portfolio has increased from Rs 8,800 crore to Rs 28,000 crore in the past six years.” The minister said, “But according to RBI, the loan can only be lent on 20% of the net worth.