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Nov 23, 2016 07:37 PM IST | Source: PTI

Shiksha Financial Services raises Rs 6.7 crore

Shiksha Finance, provides loans in the range of Rs 0.5 to 10 million to affordable private schools. These loans are used by the schools for education infrastructure development.


The Michael & Susan Dell Foundation has made an investment of Rs 6.7 crore along with Aspada Investment Company in Chennai-based school financing firm Shiksha Financial Services India Private Limited.


Shiksha Finance, provides loans in the range of Rs 0.5 to 10 million to affordable private schools. These loans are used by the schools for education infrastructure development.


Besides, it provides loans to middle and lower-income families to finance school fees of their children.


"We hope that Shiksha's offering will develop into a platform through which schools are able to access quality linked education products and services, and get financially rewarded for improving quality," India Michael & Susan Dell Foundation, Education Director, Prachi Windlass said.

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