Which public sector bank has signed a Memorandum of Understanding (MoU) with the Human Resource Development (HRD)Ministry to operationalize the Higher Education Financing Agency (HEFA)

2017

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Bank of India
B	UCO Bank
C	Bank of Baroda
D	Canara Bank

Explanation:

Detailed explanation-1: -Higher Education Financing Agency (HEFA) is a joint venture company of Canara Bank and Ministry of Education GoI. HEFA provides financial assistance for creation of educational infrastructure and R&D in India’s premier educational Institutions.

Detailed explanation-2: -The primary objective of HEFA is to leverage funds from the market and provide low-interest loans to universities for infrastructure and R&D.

Detailed explanation-3: -ii. The Minister of Human Resource Development heads the Ministry of HRD. For purposes of the Departments of Higher Education and School Education & Literacy, he is presently assisted by two Ministers of State, HRD.

There is 1 question to complete.