{"id":28500,"date":"2018-10-24T12:41:53","date_gmt":"2018-10-24T07:11:53","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=28500"},"modified":"2018-10-24T12:41:53","modified_gmt":"2018-10-24T07:11:53","slug":"hefa-to-allot-rs-1-lakh-crore-for-education","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/hefa-to-allot-rs-1-lakh-crore-for-education\/","title":{"rendered":"HEFA to allot Rs. 1 lakh crore for education"},"content":{"rendered":"<p><strong><a href=\"https:\/\/www.thehindu.com\/todays-paper\/tp-national\/hefa-to-allot-rs-1-lakh-crore-for-education\/article24334541.ece\">HEFA to allot Rs. 1 lakh crore for education<\/a><\/strong><\/p>\n<p><strong><u>News:<\/u><\/strong><\/p>\n<ol>\n<li>Recently, the Union Cabinet approved the proposal to expand the capital base of Higher Education Funding Agency (HEFA).<\/li>\n<\/ol>\n<p><strong><u>Important fact:<\/u><\/strong><\/p>\n<p>2. The Cabinet permitted the HEFA to mobilize Rs 1 lakh crore to meet the infrastructure needs of the institutions.<\/p>\n<p>3. The CCEA has also approved increasing the authorized share capital of HEFA to Rs 10,000 crore and approved infusing additional government equity of Rs 5,000 crore in HEFA.<\/p>\n<p>4. The funding will also be available to government-run schools including Kendriya Vidyalas and Jawahar Navodaya Vidyalayas.<\/p>\n<p>5. It will help build speedier infrastructure of these schools.<\/p>\n<p><strong><u>6. About HEFA:<\/u><\/strong><\/p>\n<ul>\n<li>Higher Education Financing Agency (HEFA) is a proposed not-for-profit agency with initial capital base of Rs. 1000 Crore.<\/li>\n<li>It was announced in Union Budget 2016-17.<\/li>\n<li>The major objective of the HEFA is to leverage funds from the market and supplement them with donations and CSR funds.<\/li>\n<li>These funds will be used to finance improvement in infrastructure in top educational institutions.<\/li>\n<li>The capital of the fund will be used to finance capital expenditure for building quality in infrastructure in IITs, IIITs, and IISERs and central universities.<\/li>\n<li>It will also be used to fund state-of-the art research and other infrastructure.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>HEFA to allot Rs. 1 lakh crore for education News: Recently, the Union Cabinet approved the proposal to expand the capital base of Higher Education Funding Agency (HEFA). Important fact: 2. The Cabinet permitted the HEFA to mobilize Rs 1 lakh crore to meet the infrastructure needs of the institutions. 3. The CCEA has also&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/hefa-to-allot-rs-1-lakh-crore-for-education\/\">Continue reading <span class=\"screen-reader-text\">HEFA to allot Rs. 1 lakh crore for education<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-28500","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704906190},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/28500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=28500"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/28500\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=28500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=28500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=28500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}