RISE Scheme: IITs set to get 25% of Government loans for higher education institutes

The Indian Institutes of Technology (IITs) will get largest chunk of loans on offer under Revitalising Infrastructure and Systems in Education (RISE), new funding model scheme for all centrally-run institutes. This shifts funding mechanism to CFIs in higher education from grant assistance to loans to assure more funds, greater accountability and timely completion of projects. ..

Month: Current Affairs - February, 2018

Topics: HEFA • Higher education • IITs • National • RISE Scheme

HEFA approves projects of 6 higher education institutions to improve the research infrastructure

The Higher Education Funding Agency (HEFA) has approved projects worth over Rs. 2,066 crore for six higher educational institutions to improve the research infrastructure and further their standing at global level. These six institutes are IITs Bombay, Delhi, Madras, Kharagpur, Kanpur and NIT Suratkal. Decision in this regard was taken at 2nd HEFA Board meeting ..

Month: Current Affairs - November, 2017

Topics: Government Schemes • HEFA • Higher education • Higher Education Funding Agency • Human Resource Ministry • National

Union Cabinet approves establishment of Higher Education Financing Agency

The Union Cabinet has approved establishment of Higher Education Financing Agency (HEFA) to give a major push for creation of high quality infrastructure in premier educational institutions. The HEFA will be jointly promoted by the Union Ministry of Human Resource Development (MHRD) and identified Promoter. Key Facts HEFA will have an authorised capital of 2,000 ..

Month: Current Affairs - September, 2016

Topics: Cabinet Decisions • Education • HEFA • Higher education • National