Saturday, May 25 2024 | Time 13:19 Hrs(IST)
Business Economy offers education loans for undergraduate education across Punjab & Himachal Pradesh

Shimla, Mar 23 (UNI) The youth of this hill state who are keen to complete their study and willing to have professional education could approach an online platform which is world’s first and only holistic and integrated career management platform.
Spokesman of told UNI that career-tech platform, now offering Education
loans for studies across the states of Punjab and Himachal Pradesh. The organization has tied
up with more than 60 colleges to help their students with availability of education loans.
The now realized that a number of students from rural and semi-urban areas were unable to pursue higher education not because they were not getting admissions but because they could not pay the fees or access education loans.
'' We believe that no student should be denied an education just because she/he is unable to access ways to fund it and education loan access is our way of helping these students”, says Mr. Shalya Gupta, Co-Founder & CEO,

EmpowerYouth already has tie-ups with ICICI, Avanse, Agile Finserv, Ez Capital, WePay,
InCred, etc. for servicing these loans and is in the process of signing up with more banks
and NBFCs as well.

EmpowerYouth believes in empowering the youth to exercise their right to education, by
reaching out to even the most marginalized student segment – the rural poor. Even if the
students procure admissions in colleges, they are unable to meet the fee requirements of
the institutes, due to lack of funds, often missing out on higher education.
Currently 90 per cent of the education loan applications are rejected because of either
incomplete documents or disinterest from organizations since the loanis too low or of a very short duration.

EmpowerYouth has been able to reduce this gap of access-ability of education by creating innovative products around education loans, which are helping students as well as colleges. On the platform, education loan rejection rate has dropped below 30% for studies in India.

Any student who has secured admission in these 60 colleges can apply for student loan from the numerous options available online on loan is available throughout the year for any year/semester that the student wants to avail the loan on. This is something that is not typically available on most websites.

The 60+ colleges that has tied up with for this scheme include D.A.V College, Jalandhar, Apeejay Institute of Management & Engineering Technical Campus, Sri Aurobindo College of Commerce & Management, GNA University, RayatBahra University, DAVIET Jalandhar,etc. EmpowerYouth has also tied up with Bahra University, Shimla for this service.

The education loans at platform are available at rates ranging from 0% and above depending upon type of education and the repayment schedule. The education loans can be accessed for Semester fees, or Annual fees, as per requirements, in addition to the traditional education loan for the whole course. The repayment plan could be spread over 4 Months to 10 Years.

The company helps students, specially in tier-II and below markets, by providing them with various opportunities forcareer growth. The EmpowerYouth bouquet of services include education loans, internships, campus placement for jobs, mentoring sessions, etc., making these students skill-ready for jobs.
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