The HEFA would finance the civil and lab infrastructure projects through a 10-year loan. The principal portion of the loan will be repaid through the ‘internal accruals’ (earned through the fee receipts, research earnings etc) of the institutions. All the Centrally Funded Higher Educational Institutions would be eligible for joining as members of the HEFA. For joining as members, the institution should agree to escrow a specific amount from their internal accruals to HEFA for a period of 10 years. Each member institution would be eligible for a credit limit as decided by HEFA based on the amount agreed to be escrowed from the internal accruals.

Source: dna September 12, 2016 10:52 UTC