CCEA approves a proposal to expand the scope of Higher Education Financing Agency

CCEA approves a proposal to expand the scope of Higher Education Financing Agency. The Cabinet Committee on Economic Affairs chaired by Prime Minister Shri Narendra Modi has approved the proposal for expanding the scope of Higher Education Financing Agency by enhancing its capital base to Rs. 10,000 crore and tasking it to mobilize Rs. 1,00,000 crore for Revitalizing Infrastructure and Systems in Education by 2022. The  order to expand this facility to all institutions, especially to the institutions set up after 2014, Central Universities which have very little internal resources, and the school education/health education infrastructure like AllMSs, Kendriya Vidyalayas, the CCEA has approved the following five windows for financing under Higher Education Financing Agency and the modalities of repaying the Principal portion of the fund interest continues to be serviced through Government grants in all these cases.

  • The Cabinet Committee on Economic Affairs chaired by Prime Minister Shri Narendra Modi has approved the proposal for expanding the scope of Higher Education Financing Agency.
  • Its capital base to Rs. 10,000 crore and tasking it to mobilize Rs. 1,00,000 crore for Revitalizing Infrastructure and Systems in Education by 2022.
  • The order to expand this facility to all institutions, especially to the institutions set up after 2014, Central Universities which have very little internal resources, and the school education/health education infrastructure like AllMSs, Kendriya Vidyalayas.
  • CCEA has approved the following five windows for financing under Higher Education Financing Agency and the modalities of repaying the Principal portion of the fund interest continues to be serviced through Government grants in all these cases.

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