Centre to give â¹2000-cr interest-free loan to 5 IITs, 1 NIT 
The Centre's Higher Education Financing Agency (HEFA) on Wednesday approved an interest-free loan of over â¹2,000 crore to five Indian Institutes of Technology and a National Institute of Technology. While â¹1,028 crore was approved for research and academic purposes, â¹1,038 crore was sanctioned for other supporting infrastructure. The HEFA is jointly funded by the HRD Ministry and a promoter/bank.