2. Increased financing for higher education - Rs 1,000 crore is to be set apart for higher education financing

"We have decided to set up a Higher Education Financing Agency (HEFA) with an initial capital base of Rs 1,000 crore. The HEFA will be a not-for-profit organisation that will leverage funds from the market and supplement them with donations and CSR funds. These funds will be used to finance improvement in infrastructure in our top institutions and will be serviced through internal accruals."

This will not only open up the public university space to market forces but also infuses fresh energy into the system. In the beginning, although HEFA will be instrumental in dealing with the mounting issue of student's loans but the issue of commercialization of higher education will always be there at the back of the mind.

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