Indo-US collaboration on financial assistance programmes cemented

Q.  India and the United States announced the setting up of how many financial assistance programmes worth USD 60 million for supporting clean energy initiatives such as solar power and renewables?
- Published on 08 Jun 16

a. 2
b. 3
c. 4
d. 5

ANSWER: 2
 
India and the US announced the setting up of 2 financial assistance programmes worth USD 60 million for supporting much required clean energy initiatives including solar power and other renewables
  • US is committed to bear technical capacity, resources and private sector and launching efforts with India to spur greater funding for the renewable energy sector
  • This includes a creation of US$20 million US India Clean Energy Finance Initiative supported by the US and India both
  • This will mobilise US $400 million to provide clean and renewable electricity to 1 million households by 2020.

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