HEFA provides JNU with INR 445 crore loan; students express disapproval fearing for financial burden
Jawaharlal Nehru University (JNU) declared on Tuesday that the Higher Education Funding Agency (HEFA) has provided the university with a fund of INR 445 crore.
HEFA has provided JNU with the fund to facilitate the construction of several academic blocks, hostels, research centers, labs, etc.
This loan will enable the university to primarily set up accommodation in hostels for the recently established centers and schools. School of Engineering, Atal Bihari Vajpayee School of Management, and Entrepreneurship among other departments will get their own hostel facilities.
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M Jagadesh Kumar, the Vice-Chancellor of JNU stated that the facilities such as advanced instrumentation facility and animal research facilities will be set up with the status of national facilities. They will be accessible to other institutes across India.
The animal research facility will enable extensive research on “communicable, noncommunicable and rare diseases” such as the coronavirus.
Among other establishments will be a new center for e-learning to offer new degree programs to students who are not enrolled in the university. The Atal Incubation Center will also be expanded in order to support 100 additional companies.
However several students have expressed their disapproval of the fund since such a large amount can only be considered a loan, which will put a financial strain on the existing students who will have to pay it up over time.