Consider the following statements about the proposed Higher Education Financing Agency:

  1. It aims to mobilise CSR funds from PSUs/Corporates for the civil and lab infrastructure projects in premiere institutions of India
  2. It would be jointly promoted by the identified promoter and HRD ministry

  Which of the above statements is/are correct?

Answer: [C] Both 1 & 2

Both are correct statements
Higher Education Financing Agency aims to provide funds to boost research oriented infrastructure for premiere Indian institutions like IITs, NITs and IIMs.HEFA would be jointly promoted by the identified promoter and HRD ministry with an authorised capital of Rs 2,000 crore of which government equity would be Rs 1,000 crore.

This question is a part of GKToday's Integrated IAS General Studies Module