NTA UGC NET PAPER I – HIGHER EDUCATION SYSTEM – HEFA

The objective of the Indian Government behind setting up of HEFA (Higher Education Finance Agency) is to provide financial support for:

(1)       Improvement of infrastructure in premier institutions of the country

(2)       Research projects of faculty

(3)       Research collaboration between Indian and Foreign Universities

(4)       Research collaboration between Indian Institutions and industry

Ans: 1

Higher Education Financing Agency (HEFA) is a joint venture of Canara Bank and the Ministry of Education, Government of India.HEFA provides financial assistance for the creation of educational infrastructure and Research and Development in India’s premier educational institutions. It provides timely finance at low-interest rates for capital assets creation in India’s Higher Education Institutions and also supplements grants by channelizing CSR fund.