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Higher Education Financing Agency capital base enhanced to Rs. 10,000 crores
Published on July 5, 2018
CCEA has also approved proposal for expanding the scope of Higher Education Financing Agency or HEFA by 
enhancing its capital base to Rs. 10,000 crore and tasking it to mobilise Rs. 1,00,000 crore for Revitalizing Infrastructure and Systems in Education or RISE by 2022.
The modalities for raising money from the market through Government guaranteed bonds and commercial borrowings would be decided in consultation with the Department of Economic Affairs.
This would enable HEFA to leverage additional resources from the market to supplement equity, to be deployed to fund the requirements of institutions.
HEFA was set up on 31st May 2017 by centre as a Non Banking Financing Company for mobilising resources for building infrastructure in higher educational institutions under Central Govt.
