The Government has announced to step up investments in general and research infrastructure in premie...........

Economic and social issues (RBI) Human development

The Government has announced to step up investments in general and research infrastructure in premier educational institutions, including health institutions, by launching a major initiative named ‘‘______________ Infrastructure and Systems in Education (RISE) by 2022’’ with a planned total investment of Rs. 1,00,000 crore in next four years. Higher Education Financing Agency (HEFA) would be suitably structured for funding this initiative.

Revitalising

Revisiting

Rejuvenating

Recognising

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Explanation:

The Cabinet Committee on Economic Affairs chaired by Prime Minister Shri Narendra Modi has approved in 2018 ,the proposal for expanding the scope of Higher Education Financing Agency (HEFA) by enhancing its capital base to Rs. 10,000 crore and tasking it to mobilise Rs. 1,00,000 crore for Revitalizing Infrastructure and Systems in Education (RISE) by 2022. The Cabinet has also permitted the HEFA to mobilise Rs 1,00,000 crore over the next 4 years till 2022 to meet the infrastructure needs of these institutions. The CCEA has also approved increasing the authorized share capital of HEFA to Rs. 10,000 crore, and approved infusing additional Government equity of Rs. 5,000 crore (in addition to Rs. 1,000 crore already provided) in HEFA.