Varthana raises $3 million from Dell Foundation to expand its school transformation program

Bengaluru: Bengaluru-based school finance company Varthana has raised $3 million in funding from the Michael and Susan Dell Foundation to expand its school transformation program (STP). The programme is aimed at improving the quality of learning in private schools by extending credit facilities. Through the STP initiative, Varthana provides debt financing, education assessments, hands-on support, vendor connections, and financial rewards to schools in different states. It has an in-house non-banking finance company (NBFC) for giving credit finance to schools. It provides loans from Rs5 lakh to Rs1 crore for private schools…

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Education lays basic foundation in one’s life: Jharkhand Governor

Jharkhand Governor Droupadi Murmu Sunday said that education plays a vital role in laying the basic foundation in one’s life and is necessary to be successful. “It develops students’ personality, sets up physical and mental standard and transforms their living status,” Murmu said at the Golden Jubilee Year Celebration of Jawahar Vidya Mandir in Shyamali, where cricketer M S Dhoni studied. Congratulating the school on the occasion, the Governor said it is among the well recognised institutions which have been providing quality education in Jharkhand. She said that in the present…

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