The South Asian Times

24 October 2018 01:16 AM

Interest-free loans worth Rs 2,000 cr for IITs


New Delhi, Nov 29: To encourage research in higher education institutions, the government would provide Rs 2,000 crore interest-free loans to six institutions, Human Resource Development Minister Prakash Javadekar announced on Wednesday.

"Happy to inform that today Higher Education Financing Agency (HEFA) Board would be approving Rs 2,000 crore interest-free loans for six institutions towards research, academic and infra projects," the Minister said in a tweet.

The six institutions which would receive the loan include IIT Kanpur, IIT Delhi, IIT Bombay, IIT Madras, IIT Kharagpur and CSE, National Institute of Technology Karnataka, Surathkal.

Update: 29 Nov, 2017