9999466225 [email protected]
Enrol for 20 Days RBI, NABARD & SEBI Free Video Course Enrol Now

Revitalising Infrastructure and Systems in Education (RISE) Scheme by 2022

Introduction

Features of the Scheme

INTRODUCTION

  • This scheme was Launched in 2018
  • Under the scheme, the government will provide low-cost funds (loans) to all government higher educational institutions.
  • Institutions can take the loan to expand and build new infrastructure.
  • It was launched in the country with a total investment of Rs 1 lakh crore in the next four years.
  • Indian Institutes of Technology (IITs) will get the largest part of loans (25%) on offer under RISE Scheme.

FEATURES OF THE SCHEME

(1) Covered Institutions: This scheme will cover all Centrally-Funded Institutes (CFIs) including-

(2) Financing Agency: It will be financed via a restructured “Higher Education Financing Agency (HEFA) that has been constituted as a non-bank finance company.

* HEFA is a Non-Banking Financial Corporation that is tasked to raise money from the market to fund education infrastructure and research requirements of state-funded educational institutions.

(3) Tenure to repay the loan: Under RISE Scheme, all the CFIs will have to repay the borrowed amount (loans) in a time frame of over 10 years.

(4) Target: All infrastructure and research projects sanctioned by HEFA are to be completed by December 2022.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *