Higher Education Financing Agency (HEFA) - NBFC proposed to be set by Ministry of HRD, GOI

• Security Code: 532483
• Company: CANBK

Canara Bank has informed BSE that the Ministry of Human Resources Development, Government of India (MHRD, GOI) has decided to set up an Higher Education Financing Agency (HEFA) to give a major push for creation of high quality infrastructure in premier institutions viz., IITs, IIITs, NIITs, IISERs, Central Universities etc.,

Consequent upon completion of the process of inviting, examining and selection based on the "Notice of Expression of Interest for identifying a Joint Venture partner for establishment of HEFA", the MHRD has appointed Canara Bank for establishment of Higher Education Financing Agency (HEFA).

Accordingly, the Bank has initiated steps in this direction to operationalise the Higher Education Financing Agency (HEFA) subject to necessary approvals / permissions from the Regulator/s and the Government of India.