Cabinet approves establishment of HEFA

The Cabinet has approved the creation of the Higher Education Financing Agency (HEFA), taking a step closer to developing high-quality infrastructure in premier educational institutions.

The HEFA would be jointly promoted by the identified Promoter and the Ministry of Human Resource Development with an authorised capital of Rs. 2,000 crore, out of which the Government’s equity would be Rs. 1,000 crore.

So let’s discuss some questions related to this post:
1. Expand the term HEFA?
Source – The Hindu

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