Sibal’s latest: Corp with Rs 10k cr purse to fund new universities

Your Education is Our World

In a major step aimed at attracting serious players in higher education and ensuring that existing ones do not face financial constraints for expansion, HRD ministry has mooted the idea of a National Higher Education Finance Corporation (NHEFC).

HRD minister Kapil Sibal told TOI on Friday that such a body is needed for higher education. He said the ministry is examining the proposal and an internal note has been circulated. ‘‘It is difficult to finance new higher educational institutes through plan expenditure alone,’’ he said, adding that a final decision is yet to be taken. But sources said NHEFC could be on top of the ministry’s next 100 days’ agenda.

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