The Rajiv Gandhi University herehas signed an agreement with the Higher Education FinancingAgency (HEFA) along with Bank of Baroda to developinfrastructure on the institutes campus at an estimated costof Rs 66.59 crore, an official said on Tuesday.
The construction of faculty building for electronicsand communication department, residential quarters forstaffers and hostels for students among others will be takenup under the programme, the central universitys vice-chancellor Prof Saket Kushwaha said.
A total of Rs 66.59 crore has been sanctioned by theagency for the construction projects of the university,another official of the institute said.
The HEFA, a joint venture company of Canara Bank andUnion Ministry of Education, provides financial assistance tocreate infrastructure for the countrys premier educationalinstitutes.
“The loan is sanctioned only for projects that involvein revenue generation,” Kushwaha said.
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