• The Union government set-up Higher Education Financing Agency, HEFA, to provide funds for creating infrastructure and promoting research facilities in the Centrally-aided institutions of higher learning on November 22, 2016. The agency will leverage funds from the market.
• The agency will mobilise funds under Corporate Social Responsibility and function as a non-banking financing company.
• The interest on loans provided by HEFA to institutions will be met by the government. The move will help provide quality education to students without putting burden on them.
• The agency will mobilise funds under Corporate Social Responsibility and function as a non-banking financing company.
• The interest on loans provided by HEFA to institutions will be met by the government. The move will help provide quality education to students without putting burden on them.
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