Interest free loan of 2000 crore for IITs

Interest free loan of 2000 crore for IITs

On Wednesday, Union Human Resource Development Minister Prakash Javadekar announced that the six chosen institutions will be provided with a loan (interest free) worth 2000 cr. which will help them to encourage the research in higher education institution.Mr. Javadekar twitted that Higher Education Finnacing Agency (HEFA) will approve the loan worth 2000 cr. for the six institutions which will help them in promoting the research, academics and enable them to equip with better infrastructure for research related activities.The said six institutes which have been shortlisted to receive the loan are IIT Kanpur, IIT Delhi, IIT Bombay, IIT Madras, IIT Kharagpur and CSE, National Institute of Technology, Surathkal, Karnataka

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