In September 2025, Which of the following statements regarding the loan agreement between Power Finance Corporation Limited (PFC) and Japan Bank for International Cooperation (JBIC) is/are correct? 1. PFC and JBIC signed a ₹3,500 crore loan deal for funding clean energy and biofuel projects in India. 2. The loan will support Assam Bio Ethanol Private Limited (ABEPL) in setting up a plant in Golaghat district, Assam. 3. The funding supports India’s National Policy on Biofuels, which targets 20% ethanol blending in gasoline by 2025.

The correct answer is All 1, 2 and 3. In News PFC and JBIC inked a ₹3,500 crore (60 billion JPY) loan deal to fund clean energy and biofuel initiatives, focusing on Assam’s biofuel plant. Key Points Statement 1 is correct: This agreement will provide ₹3,500 crore to PFC, supporting various clean energy projects, demonstrating global collaboration in India’s renewable sector. Statement 2 is correct: One major beneficiary is Assam Bio Ethanol Private Limited (ABEPL), which will establish a biofuel and power generation plant in Assam’s Golaghat district. Statement 3 is correct: The loan directly aligns with India’s National Policy on Biofuels that targets achieving 20% ethanol blending (E20) in gasoline by 2025 for reduced emissions and energy security. India is the world’s third-largest emitter of CO2, so such partnerships are pivotal to achieving future decarbonization goals. Additional Information Power Finance Corporation Limited Established: 1986 HQ: New Delhi CMD: Parminder Chopra