Lok Sabha Question No. 3460 (UNSTARRED), answered on 2025-08-11
Subject: Grant of Loan from HEFA
Ministry: EDUCATION
Asked by: Shri E T Mohammed Basheer, Shri Raja Ram Singh

## GOVERNMENT OF INDIA MINISTRY OF EDUCATION DEPARTMENT OF HIGHER EDUCATION

## LOK SABHA UNSTARRED QUESTION NO. 3460 ANSWERED ON 11/08/2025

## Grant of Loan from HEFA

3460.   Shri Raja Ram Singh:

Shri E T Mohammed Basheer :

Will the Minister of Education be pleased to state :

- (a) whether  HEFA  has  become  fully  operational  and  its  implementation  is improving  the  infrastructure  of  Higher  Education  across  the  country,  if  so,  the details thereof;
- (b) the  total  numbers  of  Colleges/Universities/Institutes  applied  for  loan  from Higher Education Financing Agency (HEFA) during the last five years;
- (c) the details of the Colleges/Universities/Institutes along with amount requested, sanctioned and disbursed by HEFA during the last five years;
- (d) whether any College/University/Institute has defaulted in repayment of loans, if so, the details thereof;
- (e) the details of names and number of Colleges/Universities/Institutes applied for and granted with the status of Institute of Eminence (IoE) during the last five years;
- (f) whether any mechanism is in place to ensure transparency, accountability and timely monitoring of project implementation under HEFA; and
- (g) if so, the details thereof?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF EDUCATION (DR. SUKANTA MAJUMDAR)

- (a) to (d):  HEFA has been set up as a Section-8 company and registered with RBI as  Non-Banking  Finance  Company  (NBFC).  It  provides  fund  to  create  quality infrastructure to all centrally funded Higher Educational Institutions under Ministry of Education. It is fully functional and sanctioned projects worth Rs. 43,437.58 crore to 110 centrally funded institutions since its inception. No institute has defaulted in repayment  of  loans  to  HEFA.  During  the  last  five  years,  the  details  of  requested, sanctioned and disbursed amount to various types of institutions is given below:-:

(In Rs. Crore)

| Category of Institution    |   Amount Requested |   Sanctioned Amount |   Disbursed Amount | Remark                                                                                   |
|----------------------------|--------------------|---------------------|--------------------|------------------------------------------------------------------------------------------|
| Central Universities (CUs) |            5421.72 |             5324.14 |            1555.55 | Sanctioned amount is usually disbursed in two and half years considering the progress of |
| IITs                       |            8585.2  |             8452.62 |            2367.94 |                                                                                          |
| IIMs                       |            1024.74 |             1014.64 |              93.96 |                                                                                          |
| NITs                       |            2675.97 |             2557.38 |            1356.26 |                                                                                          |
| IIITs                      |             367.2  |              323.25 |              14.5  |                                                                                          |
| Others (IISc, IISER etc.)  |             288.6  |              288.6  |              45.05 |                                                                                          |
| Grand Total                |           18363.4  |            17960.6  |            5433.26 | completion of the project.                                                               |

(e)  The  application  process  for  institutions  desiring  IoE  status  was  initiated  and concluded in FY 2017-18 itself. No new applications for granting IoE status have been called in the last five years. Out of the applications received, twelve institutions have been grated IoE status - IIT, Madras; IIT, Delhi; IIT, Bombay; IIT, Kharagpur; IISc Bangalore; University of Delhi, Banaras Hindu University, University of Hyderabad, Birla  Institute  of  Technology  and  Science,  Pilani  ;  Manipal  Academy  of  Higher Education, Manipal; O.P. Jindal Global University, Sonipat and Shiv Nadar University, Greater Noida.

(f) to (g): HEFA institutionalized practices to ensure transparency, accountability and timely monitoring of project implementation in all centrally funded institutions. These practices  include  Project  Monitoring  System  to  track  the  progress  of  infra-projects, Direct  Disbursement  Mechanism  where  payments  are  made  to  vendors/contractors, Periodic Reviews and Board Level Supervision to avoid delays and to ensure timely completion of projects etc.

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