<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;">''<div><span style="font-size: 12.8px;">The Cabinet Committee on Economic Affairs, CCEA today approved the proposal for expanding the scope of Higher Education Financing Agency, HEFA by enhancing its capital base to 10,000 crore rupees and tasking it to mobilise 1 lakh crore rupees for Revitalizing Infrastructure and Systems in Education, RISE by 2022. Speaking to media after the cabinet meeting, Union Minister Ravi Shankar Prasad said, the government wants to increase investments in higher education, for which an announcement was made in the last budget and HEFA was established.</span></div>''<div>       </div>''<div><span style="font-size: 12.8px;">Human Resource Development Minister Prakash Javadekar in a tweet said, increase of allocation for education from 65 thousand 867 crore rupees in 2013-14 to 1 lakh 10 thousand crore in 2018-19 that is 67 per cent increase without any rise in fee is a huge push for research and academic infrastructure with social equity.</span></div></div>''<div class="yj6qo" style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"></div>''<div class="adL" style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"><br />''</div>