National Education Finance Corporation

• A proposal under evaluation for establishment of National Education Finance Corporation (NEFC) for providing loans for infrastructure development and expansion of educational institutions, as well as refinance facility for educational loans.
  
• The proposal also envisages creation of a Credit Guarantee Fund Resources for Education Loans (CGREL). The proposed objective of CGREL is to provide guarantees to the advances granted to students for acquiring higher education, without obtaining any collateral security or third party guarantees.