Tuesday, Mar 28 2023 | Time 11:03 Hrs(IST)
Business Economy

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.

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