About HEFA
Higher Education Financing Agency (HEFA) is a joint venture company of Canara Bank and Ministry of Education GoI. HEFA provides financial assistance for creation of educational infrastructure and R&D in India’s premier educational Institutions.
Our Mission Statement
To provide timely finance at low interest rates for capital assets creation in india’s higher education institutions and supplement it with grants by channelizing CSR funds from the corporate and donations from others.
Enabling Higher Education Infra
We finance in creating a world class foundation for India’s educational infrastructure.
Infrastructure Projects in Education
Financing World-class R&D Facilities
Competitive Interest rates
Channelizing CSR funds
Why HEFA ?
The HEFA will mobilize resources from the market by way of equity from individuals / corporates and by issue of bonds to finance the requirement.
Support educational institutions in India by financing their capital expenditure for developing quality infrastructure.
Encourage scientific and technological developments by supporting R&D facilities for conducting high-quality research.
To increase investments in educational institutions and to improve their global rankings.
To channelize CSR contributions from companies and donations for various schemes in uplifting higher education.
HOW HEFA WORKS
The funding under HEFA will replace the current grant assistance by GOI for infrastructure projects in premier educational institutions.
HEFA would be able to fund larger basket of institutions as compared to grants approach. Top class infrastructure can be created in quick time so that the country realises the potential of its demographic dividend in a faster time frame.
All the Educational Institutions set up/funded referred by concerned ministries would be eligible for financing their capital expenditure from HEFA.