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REC & UNISED Signed an Agreement for Education in Siddharthnagar, UP

Utkarsh Classes 04-03-2024
REC & UNISED Signed an Agreement for Education in Siddharthnagar, UP Uttar Pradesh 4 min read

REC Limited has partnered with the Unit of Science and Educational Development (UNISED) to aid in the education of approximately 75,500 children in the Siddharthnagar district of Uttar Pradesh. 

  • REC Limited is a prominent Non-Banking Finance Company and Maharatna Central Public Sector Enterprise under the Ministry of Power.
  • Through its Corporate Social Responsibility arm REC Foundation, REC has committed Rs. 9.91 crores to this noble cause. 
  • UNISED is dedicated to reform  education through innovative learning systems, boasting a nationwide presence. 
  • As part of this partnership, UNISED will implement solar energy-operated smart classes and establish joyful learning resource labs in government schools throughout the Siddharthnagar district. 
  • The initiative aims to provide students with access to modern educational tools and resources, empowering them academically and creatively. 
  • REC Foundation has also recently provided financial support for the education of 12,500 children of ex-servicemen. For this REC contributed Rs. 15 Crores to the Armed Forces Flag Day Fund.

About REC Limited

  • REC Ltd. is a Maharatna Central Public Sector Enterprise works under the Ministry of Power .
  • It is also registered by RBI as a Non-Banking Finance Company (NBFC) and Infrastructure Financing Company (IFC). 
  • The company provides financing to the entire power-infrastructure sector which includes Generation, Transmission, Distribution, Renewable Energy, Electric Vehicles, Battery Storage, Pumped Storage Projects, Green Hydrogen, and Green Ammonia projects. 
  • REC has also diversified into the Non-Power Infrastructure sector, which includes Roads & Expressways, Metro Rail, Airports, IT Communication, Social and Commercial Infrastructure (Educational Institutions, Hospitals), Ports, and Electro-Mechanical (E&M) works for different sectors like Steel and Refinery.
  • REC Ltd. offers loans of varying maturities to State, Central, and Private Companies for infrastructure development across the country. 
  • REC has played a crucial role in the Government's flagship schemes for the power sector and has been a nodal agency for Deen Dayal Upadhaya Gram Jyoti Yojana (DDUGJY), Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGAYA), and National Electricity Fund (NEF). 
  • Such a scheme resulted in the strengthening of last-mile distribution systems, 100% village electrification and household electrification in the country. 
  • REC is the nodal agency for States and Union Territories for the Revamped Distribution Sector Scheme (RDSS). 

FAQ

Answer: Siddharthnagar, UP

Answer: UNISED

Answer: REC Ltd. is a Maharatna Central Public Sector Enterprise.
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