Thursday, Apr 25 2024 | Time 05:24 Hrs(IST)
image
Business EconomyPosted at: Sep 16 2020 5:51PM


Avanse Financial Services introduces an enhanced range of Education Financing Solutions

Kolkata, Sep 16 (UNI) Avanse Financial Services, India’s new age, education-focused non-banking financial company (NBFC) has enhanced its education financing solutions to meet the evolving formats of education instruction delivery modules amidst the current pandemic scenario.
With tailor-made financing solutions designed to cater to 12,000+ institutes and courses across ~50 countries, Avanse Financial Services aims to support all deserving students to pursue quality education in India and overseas.
Schools, colleges and universities worldwide had to halt campus activities to curtail the spread of the virus.
This majorly paved the way for faster innovations in the ecosystem. Advanced methods of learning are now rapidly increasing to continue to impart knowledge to all students.
The two formats of instruction delivery modules which are being discussed by educational institutions are – Hybrid (a mix of online & on-campus sessions) and In-Person Classes. Avanse Financial Services newly designed product will successfully enable smooth transformation from one learning module to another.
The organization takes a student-centric approach when it comes to evaluating student profiles and designing product solutions.
Amit Gainda, CEO, Avanse Financial Services said, “Though the outbreak of the pandemic has disrupted the regular livelihoods and has created never-seen-before situations, yet we should treat this as an opportunity to re-imagine our business processes and sharpen the existing ones to achieve newer heights. We have geared up to deliver the highest quality experience to our customers as usual even during these difficult times."
"If universities and colleges are opting for online and hybrid modules, we are creating appropriate solutions to suit the need of the hour. Countries such as Canada, Australia, and the UK are commencing to grant student visas. However, it may take some time to resume on-campus classes."
"Till the time the health concerns of this pandemic is brought under control and travel restrictions are suspended, educational institutions will conduct classes with the help of digital platforms. Keeping this scenario in mind, we have incorporated necessary modifications in our product offerings so that students can take timely decisions in terms of their future.”

Recently, Avanse Financial Services secured ₹250 crores under government initiatives. ₹100 crores have been raised through the Targeted Long Term Repo Operation (TLTRO) window 2.0 by RBI from leading public sector banks and ₹150 crores under the Partial Credit Guarantee (PCG) Scheme.
The digitally agile NBFC plans to utilize the capital for growth of the overall education ecosystem.
The organization is one of the pioneers to have started funding non-conventional courses along with the large conventional ones.
The NBFC funds courses such as STEM programs, MBA programs and some of the non-conventional courses like photography, music, aviation, animation that students want to pursue both in India and in international markets.

UNI SJC AND
Please log in to get detailed story.
Tags: #Avanse Financial Services introduces an enhanced range of Education Financing Solutions
More News

NSE launches derivatives on Nifty Next 50 Index

24 Apr 2024 | 9:16 PM

Mumbai, Apr 24 (UNI) National Stock Exchange of India Ltd (NSE), the world’s largest derivatives exchange for consecutive fifth year in a row in the year 2023 based on contracts traded as published by FIA, launched futures and options contracts on the Nifty Next 50 Index on Wednesday.

see more..

KABIL signs MoU with CSIR-NGRI for geophysical investigations

24 Apr 2024 | 7:47 PM

Bhubaneswar, April 24 (UNI) Khanij Bidesh India Limited (KABIL) has signed a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research - National Geophysical Research Institute (CSIR-NGRI) to foster a long-term collaboration in the field of geophysical investigations to bolster its ongoing projects and activities in critical and strategic minerals.

see more..

Dish TV revolutionises entertainment with ‘Dish TV Smart+’ services

24 Apr 2024 | 7:31 PM

Kolkata, Apr 24 (UNI) Dish TV has taken a path-breaking initiative to redefine the entertainment experience in India.

see more..

TRAI recommends sharing of active, passive infra by telecom providers

24 Apr 2024 | 7:03 PM

New Delhi, April 24 (UNI) With a view to improve quality of services and reducing cost, the telecom regulator TRAI on Wednesday recommended sharing of active and passive infrastructure among telecom service providers, a move that would help setting up network quickly across the nation.

see more..

REC to provide loan of Rs 1869 cr to Chenab Valley Power Project in J&K

24 Apr 2024 | 6:38 PM

New Delhi, April 24 (UNI) State-owned non-banking finance company REC Limited has signed an agreement with Chenab Valley Power Project Private Limited (CVPPPL), under which it will provide financial assistance of Rs 1,869.265 crore as a term loan.

see more..
image