7) Higher Education Financing Agency (HEFA) Flashcards
1
Q
What is this ?
A
It is a joint venture of Canara bank and MHRD formed in 2017
2
Q
Under which act is this agency registered ?
A
Under Section 8 of Companies Act (as an NPO)
Under RBI as a Non deposit taking NBFC (ND-NBFC)
3
Q
Aim ?
A
To enable India’s premier educational institutions to excel and compete with global institutions . So finance them to build world class infrastructure
4
Q
Approach of funding ?
A
Timely finance at a competitive interest rate and through CSR funds
5
Q
Eligibility ?
A
All Centrally Funded Educational Institutions in Higher Education, School Education and medical education sectors are eligible
6
Q
Why is it in news ?
A
They have now given 450cr to JNU to develop world class infrastructure and chant Anti-India slogans
