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NIT-R kick-starts infrastructure works for creation of capital assets
The New Indian Express Sambalpur
|May 12, 2025
In view of its growing campus strength, the National Institute of Technology-Rourkela (NIT-R) has initiated massive construction activities towards building infrastructure with the help of easy educational loan and corporate donations.
IN view of its growing campus strength, the National Institute of Technology-Rourkela (NIT-R) has initiated massive construction activities towards building infrastructure with the help of easy educational loan and corporate donations.
In 2023, the institute had signed an MoU with the Higher Education Financing Agency (HEFA) and secured loan support of ₹165.81 crore under window-1 category. Subsequently, another MoU was signed towards securing ₹33.16 crore loan from HEFA.
HEFA is a joint venture company of Canara Bank and Ministry of Education (MoE) to provide financial assistance for creation of capital assets including educational infrastructure and R&D facilities in India's premier educational institutions.
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