{"id":6845,"date":"2023-03-30T09:09:19","date_gmt":"2023-03-30T03:39:19","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=6845"},"modified":"2025-03-28T15:20:44","modified_gmt":"2025-03-28T09:50:44","slug":"higher-education-financing-agency","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/higher-education-financing-agency\/","title":{"rendered":"Higher Education Financing Agency"},"content":{"rendered":"<h2><strong>About Higher Education Financing Agency:<\/strong><\/h2>\n<ul>\n<li>Higher Education Financing Agency provides financial assistance for the creation of <strong>capital assets in premier educational institutions<\/strong> in India.<\/li>\n<li>It is registered under <strong>Section 8 as a Not-for-profit under the Companies Act 2013<\/strong> as a Union Govt company and as Non\u2013deposit-taking Systemically Important (NBFC-ND-SI) with RBI.<\/li>\n<li>It was established on 31st May 2017 and <strong>is a joint venture<\/strong> of <strong>the Ministry of Education, GoI and Canara Bank <\/strong>with agreed equity participation in the ratio of 90.91% and 09.09% respectively<\/li>\n<li><strong>What are the objectives?<\/strong> The main aim of HEFA is for the development of India\u2019s top-ranked institutions like IITs, IIITs, NITs, IISCs, and AIIMS into globally top-ranking institutions through <strong>improvement in their academic and infrastructure quality<\/strong>.<\/li>\n<li>It is particularly interested in financing the building of educational infrastructure, and R&amp;D infrastructure and thereby enabling the institutions to reach top rankings globally.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<h3>Q1) What are capital assets?<\/h3>\n<p>Capital assets are assets that are used in any institute\/company&#8217;s business operations to generate revenue over the course of more than one year.<\/p>\n<p><strong>Source:<\/strong>\u00a0<a href=\"https:\/\/indianexpress.com\/article\/india\/speed-up-disbursal-of-loans-sanctioned-by-hefa-panel-to-education-ministry-8526968\/\" target=\"_blank\" rel=\"nofollow noopener\"><u>Speed up disbursal of loans sanctioned by HEFA: panel to Education ministry<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HEFA provides financial assistance for creation of capital assets in premier educational institutions in India.<\/p>\n","protected":false},"author":5,"featured_media":6846,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-6845","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/6845","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=6845"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/6845\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/6846"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=6845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=6845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=6845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}