Lok Sabha Question No. 192 (UNSTARRED), answered on 2019-06-24
Subject: Expanding the Scope of HEFA
Ministry: HUMAN RESOURCE DEVELOPMENT
Asked by: Nalin Kumar Kateel

## GOVERNMENT OF INDIA MINISTRY OF HUMAN RESOURCE DEVELOPMENT

## DEPARTMENT OF HIGHER EDUCATION

## LOK SABHA UNSTARRED QUESTION No. 192 TO BE ANSWERED ON 24.06.2019

## Expanding the Scope of HEFA

## 192. SHRI NALIN KUMAR KATEEL

Will the Minister of HUMAN RESOURCE DEVELOPMENT be pleased to state:

- a) Whether  the  Government  proposes  for  expanding  the  scope  of  Higher
2. Education financing Agency (HEFA) by enhancing its capital base;
3. b)
4. If so, the details thereof;
- c) Whether the Government has identified the institutions for which financial assistance  is  required  to  improve  the  quality  of  education  and  if  so,  the details thereof;
6. Whether the Government has earmarked any funds for the said purpose and
- d) if so, the amount earmarked and sanctioned till date; and
- e) Whether the Government has taken steps to mobilise the resources for the said purpose and if so, the details thereof?

## ANSWER MINISTER OF  HUMAN RESOURCE DEVELOPMENT

## (SHRI RAMESH POKHRIYAL 'NISHANK')

(a)&(b): Yes  Sir. Subsequent  to  the  announcement  of  'RISE  (Revitalising

Infrastructure and Systems in Education) by 2022' initiative in the Budget 201718,  Government  approved  the  expansion  in  the  scope  of  Higher  Education Financing Agency (HEFA)  to include  Kendriya Vidalayas, Navodaya Vdyalayas and medical education institutions, besides Higher Education Institutions. Towards this  end,  the  authorised  capital  of  HEFA  was  enhanced  from  Rs.2000  crore  to Rs.10,000  crore.  The  paid-up  capital  as  on  date  is  Rs.3,533.75  crore  of  which Central Government equity is  Rs.3,212.50 crore and  Canara Bank contribution is Rs.321.25 crore. An infusion of another Rs. 2100 crore as Government equity is planned in the current financial year. Over the next 2 years, the Government and Canara Bank will  subscribe to the capital of HEFA upto a total of Rs.6,600 Cr. (c):  Yes  Sir.  The  category-wise  institutions  to  be  financed  over  the  next  3  to  4 years have been identified and the details are provided in Annexure. (d):  Yes  Sir.  As  on  date,  sanctions  have  been  made  by  HEFA  to  the  extent  of Rs.19,558 crore, for projects worth  Rs. 33,517 crore. (e): Presently, loan disbursements are made out of capital contribution. Based on

disbursement  requirements  of  the  institutions,  HEFA  will  be  approaching  the market  for  raising  resources  by  way  of  issue  of  debt.    A  Steering  Committee headed  by  Secretary,  Department  of  Economic  Affairs  takes  decisions  on  the leveraging  of  additional  resources  based  on  the  funding  requirements.  HEFA  is operationally prepared to implement such decisions.

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ANNEXURE referred to in reply to Part (c) of Lok Sabha Unstarred Question No. 192 for Reply on 24.06.2019 asked by Shri Nalin Kumar Kateel  regarding 'Expanding the Scope of HEFA'

Institutions (category-wise) to be financed by HEFA over the next 3 to 4 years

|                                    | Number   |   Amount (Rs in cr) |   2018-19 |   2019-20 |   2020-21 | 2021-22   |
|------------------------------------|----------|---------------------|-----------|-----------|-----------|-----------|
| New IITs                           | 6        |               10000 |      2000 |      3000 |      4000 | 1000      |
| 1 st Gen IITs renewal              | 9        |                9000 |      3000 |      4000 |      2000 |           |
| 2nd Gen IITs                       | 8        |                6000 |      2500 |      2500 |      1000 |           |
| IoE                                | 10       |               10000 |      1000 |      3000 |      4000 | 2000      |
| NITs new                           | 1        |                1300 |       500 |       500 |       300 |           |
| NITs 2gn                           | 10       |                6000 |      2000 |      3000 |      1000 |           |
| NITs 1st Gen                       | 20       |                4000 |      1000 |      1500 |      1500 |           |
| Central Universities (new)         | 10       |               10000 |      1000 |      3000 |      4000 | 2000      |
| Central Universities (old) renewal | 25       |               10000 |      2000 |      3000 |      4000 | 1000      |
| IISERs                             | 5        |                5000 |      1500 |      2500 |      1000 |           |
| IIMs new                           | 6        |                4500 |      1500 |      2000 |      1000 |           |
| IIIT (PPP)                         | 20       |                3000 |       500 |      1500 |      1000 |           |
| IIITs Govt                         | 4        |                2000 |       500 |      1000 |       500 |           |
| Languages institutes               | 5        |                1000 |       200 |       500 |       300 |           |
| Other institutions CFIs            | 10       |                1700 |       500 |       500 |       700 | 500       |
| SPAs                               | 3        |                5500 |      1000 |      1500 |      2500 | 250       |
| School Education                   |          |                1000 |       250 |       250 |       250 | 250       |
| Health Infrastructure              | 20       |                6000 |      1000 |      2000 |      2000 | 1000      |
| Research promotion                 |          |                4000 |       500 |      1000 |      1000 | 1500      |
| Total                              |          |              100000 |     22450 |     36250 |     32050 | 9250      |