Question

With reference to ‘Higher Education Funding Agency (HEFA)’, consider the
following statements.
1. HEFA mobilizes the funds through market borrowing and would release
the same to the Government institution as interest- free loans.
2. HEFA provides funds for research and related infrastructure in addition
to the budget grants.
3. It is setup as a Non Banking Financial Company (NBFC) by the Union
government with Canara Bank as partner.
Which of the statements given above is/are correct?
A. 1 and 2 only
B. 2 only
C. 1 and 3 only
D. 1, 2 and 3

Answer 1

c is u r answer om..