WebThe Department of Higher Education, MHRD, is responsible for the overall development of the basic infrastructure of Higher Formation sector, both in terms of policy and planning. Under a planned development processed, the Department looks after expansion from access and quantitative improvement in this Greater Education, through world class … Web8.90%. For List AA Institutes, the interest is 8.75% for loan amount up to INR 30 Lacs without collateral. For List A Institutes, the interest is 9.05% for IITs and NITs and 9.55% for other institutes. For List B Institutes, interest rate is 10.20% for loan amount up to INR 20 Lacs and 9.95% if collateral security value is greater than loan amount.
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