Auxilo Finserve to disburse RS 350 crore education loans

HYDERABAD: Auxilo Finserve, a non-banking financial company that focuses on educational loans, plans to disburse RS 350 crore over the next two years. The NBFC, backed by Balrampur Chini Mills and investor Akash Bhansali, is aiming to chart a growth path in the educational loan segment where traditional banks lag. “Education loans of about Rs 20,000 crore were disbursed in India in FY17 registering a 17 per cent year-on-year growth. Nearly three lakh students availed education loans to study in India and four lakh students to study abroad. We aim…

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After Farm Loan Waivers, Will Education Loan Waivers Spoil Us? Not If We Mend Our Ways

A serpentine queue of students heading to the enquiry encounter to check on various courses offered and eligibility criteria. (Manoj Patil/Hindustan Times via Getty Images) Snapshot In India, the debt numbers are getting bigger and bigger. In some years, we will have a major problem on our hands if we fail to address it today.India risks moving towards an era of education loan waivers. Given how farm loan waivers have worked out for farmers, course correction is crucial. Student debt in the United States (US) has reached gigantic levels, so…

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Should you prepay your education loan?

A wide variety of education loans have given wings to the dreams of students with aspirations for higher study. An education loan is the most cost-effective means to fund education. A wide spectrum of committed services and products of banks and NBFCs have enabled several deserving students across the nation to fulfil their dreams of higher education. Currently, education loans are easily available with the base criteria being an individual’s past academic performance, course and college opted, entrance exam score, co-applicants, CIBIL score, etc. Here are a few important aspects…

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My RSS feeds from a decade ago, a snapshot of gadget blogging when that was a thing

I chanced upon an ancient backup of my RSS feed subscriptions, a cold hard stone of data from my time at Wired in the mid-2000s. The last-modified date on the file is December 2007. I wiped my feeds upon coming to Boing Boing thenabouts: a fresh start and a new perspective. What I found, over 212 mostly-defunct sites, is a time capsule of web culture from a bygone age—albeit one tailored to the professional purpose of cranking out blog posts about consumer electronics a decade ago. It’s not a picture…

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How 2017 Spelled The End Of The Hippie Food Era

If it wasn’t apparent that organic food had gone corporate, the sirens clearly sounded this year when the retail behemoth Amazon acquired Whole Foods, which itself had already become an icon of corporatized natural food. The acquisitions of companies in the organic food business “took off in the ’90s but now involve bigger and bigger companies,” said Philip Howard, a professor at Michigan State University, who has tracked the consolidation of the industry over the decades. In 2017, it’s rare to find a well-known natural food brand that isn’t owned by a…

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