The Government has announced to step up investments in general and research Infrastructure in premier educational institutions, including health institutions, by launching a major initiative named ‘‘Revitalising Infrastructure and Systems in Education (RISE) by 2022’’ with a planned total investment of Rs. 1,00,000 crore in next four years. Higher Education Financing Agency (HEFA) would be suitably structured for funding this initiative.
In addition to Government equity, HEFA would leverage funds from the market to service the requirements of the Centrally Funded Institutions (CFIs).
The different areas where resources would include providing World Class infrastructure for teaching in the CFIs, building robust research eco system, providing linkages between Labs, building high-end Labs to support high-end research, completion of construction of (28) new institutions started since 2014 and providing for infrastructure of the institutions that are expected to be opened in accordance with the requirements of the growing economy.
There would be different windows of financing based on the internal revenues of the institutions, as envisaged in the scheme to be approved.
This information was given by the Minister of State (HRD), Dr. Satya Pal Singh today in a written reply to a Rajya Sabha question.
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NB/AKJ
