{"id":4169,"date":"2023-05-22T12:14:01","date_gmt":"2023-05-22T06:44:01","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=4169"},"modified":"2023-05-22T12:14:01","modified_gmt":"2023-05-22T06:44:01","slug":"study-abroad-shriram-fin-planning-to-offer-student-loans-for-upskilling-courses-news-2023-05","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-shriram-fin-planning-to-offer-student-loans-for-upskilling-courses-news-2023-05\/","title":{"rendered":"Study Abroad: Shriram Fin Planning to Offer Student Loans for Upskilling Courses"},"content":{"rendered":"\n<p>Shriram Fin is expanding its range of services to include <strong><a href=\"https:\/\/leverageedu.com\/blog\/loans-to-study-abroad\/\">educational loans<\/a><\/strong> for individuals opting for <strong><a href=\"https:\/\/leverageedu.com\/blog\/skill-development-courses-online\/\">upskilling courses<\/a><\/strong> for career development. It is an <strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/nbfc-education-loan-for-studying-abroad\/\">NBFC<\/a><\/strong>. This move comes alongside their existing financing offerings for two-wheelers and support for micro, small, and medium enterprises.\u00a0<\/p>\n\n\n\n<p>The decision coincides with NBFCs&#8217; move to actively broaden their range of services by partnering with educational technology <strong><a href=\"https:\/\/leverageedu.com\/blog\/best-startups-in-india\/\">startups<\/a><\/strong>. They aim to establish themselves as key providers of <strong><a href=\"https:\/\/fly.finance\/loans\">student loans <\/a><\/strong>and credit cards. They also provide financing options for laptops and electric vehicles, seeking a convenient solution for various financial needs.<\/p>\n\n\n\n<p>This step by Shriram Fin is due to the recent advancement in the upskilling market. This move is also because of a boom in the EdTech sector.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"659\" src=\"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/05\/22115147\/development-knowledge-study-education-concept-1-1024x659.jpg\" alt=\"Study Abroad: Shriram Fin Planning to Offer Student Loans for Upskilling Courses\" class=\"wp-image-4175\" srcset=\"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/05\/22115147\/development-knowledge-study-education-concept-1-1024x659.jpg 1024w, https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/05\/22115147\/development-knowledge-study-education-concept-1-300x193.jpg 300w, https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/05\/22115147\/development-knowledge-study-education-concept-1-768x495.jpg 768w, https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/05\/22115147\/development-knowledge-study-education-concept-1-1536x989.jpg 1536w, https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/05\/22115147\/development-knowledge-study-education-concept-1-2048x1319.jpg 2048w, https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/05\/22115147\/development-knowledge-study-education-concept-1-150x97.jpg 150w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-upskilling-market-and-upskilling-education-loans\"><span id=\"upskilling-market-and-upskilling-education-loans\">Upskilling Market and Upskilling Education Loans<\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The upskilling market is fragmented in nature.<\/li>\n\n\n\n<li>Individuals opting for upskilling courses often opt for short-term periods.<\/li>\n\n\n\n<li>Education loans for upskilling courses often range between INR 50,000 to INR 4 lakh.<\/li>\n\n\n\n<li>Typically, EdTech companies collaborate with NBFCs, and these financial institutions offer quick and interest-free loans to students. While the loan is disbursed directly to the EdTech company, the NBFC retains about 5% of the funds. This allows them to generate revenue despite the borrower not paying any interest.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-facts-about-shriram-finance\"><span id=\"facts-about-shriram-finance\">Facts about Shriram Finance<\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>In 2022, Shriram Finance achieved the status of being a prominent retail NBFC in India through the merger of two entities. These two bodies are Shriram Transport Finance Company and Shriram City Union Finance.<\/li>\n\n\n\n<li>With a workforce of more than 64,000, the company is currently making plans to introduce a stock options program for its staff.<\/li>\n\n\n\n<li>This NBFC usually grants stocks to the top 100 employees. It now aims to include more people. It will provide stocks to branch managers and around 5,000 people.<\/li>\n<\/ul>\n\n\n\n<p>For the latest updates on education loans, follow <strong><a href=\"https:\/\/fly.finance\/blog\/news-updates\/\">Fly Finance News Desk <\/a><\/strong>now!!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shriram Finance is expanding its services to provide educational loans to individuals pursuing further education and career development.<\/p>\n","protected":false},"author":5,"featured_media":4187,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[260],"tags":[],"class_list":["post-4169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Study Abroad: Shriram Fin Planning to Offer 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