The Higher Education Financing Agency (HEFA), which was set up by the Centre in 2017 to upgrade the education infrastructure in the country to global best standards, has sanctioned 144 loans worth Rs 35,000 crore so far, falling short of the government’s target of mobilising Rs 1 lakh crore by 2022, according to information obtained by The Indian Express through an RTI application.
In an official statement shared with The Indian Express, the Union Ministry of Education attributed the shortfall to Covid-19, which broke out in 2020, and a revision in the funding pattern during the same year.
Source:
Indian Express
