Interest-free loans worth Rs 2,000 cr for IITs

New Delhi, Nov 29 (IANS) To encourage research in higher education institutions, the government would provide Rs 2,000 crore interest-free loans to six institutions, Human Resource Development Minister Prakash Javadekar announced on Wednesday.

"Happy to inform that today Higher Education Financing Agency (HEFA) Board would be approving Rs 2,000 crore interest-free loans for six institutions towards research, academic and infra projects," the Minister said in a tweet.

The six institutions which would receive the loan include IIT Kanpur, IIT Delhi, IIT Bombay, IIT Madras, IIT Kharagpur and CSE, National Institute of Technology Karnataka, Surathkal.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.

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