2,000 Crore Worth Interest Free Loan For IITs


 Union Human Resource Development Minister Prakash Javadekar, on Wednesday, announced that six chosen institutions would be provided Rs. 2,000 crore interest free loans by the government to encourage research in higher education institutions. 
Praksh Javdekar tweeted that the Higher Education Finnacing Agency (HEFA) will approve Rs. 2,000 crore interest-free loans for six institutions to promote research, academic and infra projects. 
The said six institutes which have been shortlisted to receive the loan are IIT Kanpur, IIT Delhi, IIT Bombay, IIT Madras, IIT Kharagpur and CSE, National Institute of Technology, Surathkal, Karnataka.