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.
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.