Higher Education Financing Agency capital base enhanced to Rs. 10,000 crores

The modalities for raising money from the market through Government guaranteed bonds and commercial borrowings would be decided in consultation with the Department of Economic Affairs.

This would enable HEFA to leverage additional resources from the market to supplement equity, to be deployed to fund the requirements of institutions.

HEFA was set up on 31st  May 2017 by centre as a Non Banking Financing Company for mobilising resources for building  infrastructure in higher educational institutions under Central Govt.