The company will provide finance to education institutes to meet their requirements”Auxilo Finserve”
With the aim to provide support to the entire education eco-system in India, Auxilo will provide finance to education institutes
February 2024: Auxilo Finserve has announced its plans to fund over 10000 schools and education institutes both across India in the coming 5 years. The company will provide finance to education institutes to meet their requirements across capacity enhancement, purchase of land for expansion of premises, upgradation of teaching facilities and for replacement of high-cost debt.
With the aim to provide support to the entire education eco-system in India, Auxilo will provide finance to education institutes like play/pre-schools, K-12 schools, boarding schools, colleges, universities, vocational colleges, and institutions focussed on skill-based training, coaching institutes, school bus loans and education led SMEs that are into book publishing, digital content provision, IT solutions, stationery supply, furniture production and uniform distribution amongst others.
Speaking on the Education Institution Loan (EIL) business, Neeraj Saxena, MD & CEO, Auxilo Finserve said, “We started educational institution funding in March 2018 but the impact of pandemic in the coming years slowed down our plans. With things back to normalcy, we are now aggressively pursuing this segment.”
“Auxilo aims to reach out to schools who are looking to improve their educational infrastructure to enhance quality of education, research and modernisation of their existing facilities” adds Mr. Saxena.
“Our plan is to cater to loan requirements of education institutions across India. We have received encouraging responses and are hopeful of partnering with schools and other educational institutes in their overall development. Post establishing our presence across southern, central, and western states in this financial year, we will foray into eastern and northern states in the next financial year” informs Neeraj Sharma, Chief Business Officer, Education Institution Loan.
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