Question

    Higher Education Financing Agency (HEFA) is a joint venture of the Ministry of Education and which of the following banks?

    A HDFC Bank Correct Answer Incorrect Answer
    B ICICI Bank Correct Answer Incorrect Answer
    C Canara Bank Correct Answer Incorrect Answer
    D State Bank of India Correct Answer Incorrect Answer

    Solution

    Higher Education Financing Agency (HEFA) is a joint venture of MoE Government of India and Canara Bank for financing creation of capital assets in premier educational institutions in India as part of rising 2022 HEFA’s scope is greatly expanded to cover school education, educational institutes under Ministry of health etc. HEFA incorporated on 31st May 2017, is a joint venture of MoE, GOI and Canara Bank with an agreed equity participation in the ratio of 90.91% and 09.09% respectively.

    Practice Next