Is Rang De’s Partnership with Physics Wallah a Game-Changer for Affordable Student Loans?
Unveiling the Physics Wallah Fund: Bridging the Education Gap Together
In a remarkable union of forces, Rang De, the peer-to-peer social investing platform, has joined hands with the unicorn ed-tech startup, Physics Wallah, to introduce a groundbreaking initiative—the Physics Wallah Fund. This partnership signifies a commitment to making education accessible and affordable to all, especially those from economically disadvantaged backgrounds.
Empowering Dreams: Affordable Student Loans for Quality Education
The Physics Wallah Fund is poised to revolutionize the education landscape by offering affordable, collateral-free education loans to students. These loans are exclusively designed for aspirants of Physics Wallah’s Institute of Innovation (PW IOI), a prestigious four-year residential program focusing on Computer Science and AI.
Rang De and Physics Wallah: A Bond for Change
This collaboration transcends the traditional boundaries of financial services and education. Rang De and Physics Wallah are set to become the catalysts for educational equality. Their joint commitment aims to leave a profound impact, reshaping the future of education accessibility in India.
Smita Ram, the CEO of Rang De, passionately expresses the mission of this partnership: “We at Rang De believe that quality education is a fundamental right for every individual, regardless of their financial situation. Since its inception, we have been committed to democratizing access to credit and empowering people to improve their lives. Aligned with the core values of our platform, we firmly believe that this partnership can usher in significant transformation within the realm of education.”
Unlocking Opportunities: A Bright Future for Students
Under this collaboration, students will have the golden opportunity to access an average of Rs three to Rs four lakh worth of collateral-free loans. These funds will be made available through contributions from social investors, who are lenders on Rang De’s platform. The repayment can be initiated upon successful completion of the course.
Prateek Maheshwari, the co-founder of Physics Wallah, is thrilled about the impact of this partnership. He shares, “This partnership is a pivotal step towards realizing our mission of democratizing education at scale in India.”
The Rang De-Physics Wallah partnership is not just a collaboration; it’s a movement towards a brighter, more accessible, and equitable educational landscape for the youth of India. Together, they are breaking down barriers and creating pathways for dreams to come true.