What is Higher Education Financing Agency (HEFA)?

  • HEFA was launched on 31st May 2017. This is a joint venture of Ministry of HRD and Canara Bank.
  • Higher Education Financing Agency (HEFA) is registered under the Companies Act 2013 as a Union Govt company and as Non–deposit taking NBFC with RBI.
  • The Higher Education Financing Agency (HEFA) was launched to enable India’s premier educational institutions to excel at its fullest potential and reach the top in global rankings by building world class infrastructure with a special focus on research and development.
  • It provides finance at low interest for capital asset creation in India’s higher education sector.
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