Why in News?

  • Equip stands for Education Quality Upgradation and Inclusion
  • The Ministry of HRD plans to launch this ambitious ₹5 lakh crore action plan to improve the quality and accessibility of higher education over the next five years.


  • The Centre would mobilise money from the marketplace through the Higher Education Financing Agency (HEFA).
  • The joint venture between the HRD Ministry and Canara Bank, set up in 2017, has been tasked with raising ₹1 lakh crore to finance infrastructure improvements in higher education by 2022.

Objectives of the project:

  • The committees have drafted strategy to improve access to higher education, especially for underserved communities:
    • improve the gross enrolment ratio;
    • improve teaching and learning processes;
  • build educational infrastructure.
  • improve the quality of research and innovation;
  • use technology and online learning tools; and

work on accreditation systems, governance structures and financing.

A news NEP:

  • This is being described as the implementation plan for the National Education Policy — a 2014 poll promise from the
  • The last NEP was released in 1986, with a revision in
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