Protium extends financial lending to schools affected by the pandemic at the NISA School Leadership Summit

Protium Sakshara has also offered to help schools with infrastructure development, working capital, upgrading sports facilities, and more

Protium, a pre-eminent engineering-led, risk-focused lending platform, has offered financial lending to more than 500 schools affected by the pandemic at the ‘School Leadership Summit 2021 – Manthan’ organised by National Independent Schools Alliance (NISA) on November 27, 2021, at Ambala, Haryana. Protium Sakshara, which lends to MSME, edupreneurs & educational institutions, has also offered to help schools across the country with infrastructure development, working capital, upgrading sports facilities, and more.

This was the first physical event in North India by NISA since the pandemic started. The educational leadership conclave was focused on Government Policy and NISA’s initiatives on helping schools upgrade. The Chief Guest was Hon’ble Shri Bandaru Dattereya, Governor of Haryana. Other Eminent Guests from the Education Fraternity were Sh. Anand Kumar (Super 30 fame), Smt. Geeta Gandhi Kingdom, President & MD, CMS.

Dhruv Suri, Managing Director, Protium said, “The pandemic has affected a large number of students across states, class, caste, gender and region, leading to an increase in learning inequality among children. Furthermore, schools responsible for the education of these students are going through a state of economic uncertainty. If these schools do not get back on their feet, it will not only have a long-lasting effect on learning but also affect the health and nutrition of children across India. Through our covid support program, we want to provide such schools with the opportunity and time to rebuild and restructure to ensure inclusive education for all.”

As per UNICEF statistics, schools for more than 168 million children globally have been completely closed for over a year entire year due to COVID-19 lockdowns. Furthermore, around 214 million children globally – or 1 in 7 – have missed more than three-quarters of their in-person learning. In India, closure of 1.5 million schools due to the pandemic and lockdowns in 2020 has impacted 247 million children enrolled in elementary and secondary schools (UNICEF, 2021). Protium Sakshara has offered to provide lending solutions to schools that are in urgent need of an infrastructure overhaul as they start to reopen and have to adapt the new hybrid learning model.

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“Over the last two years, COVID-19 has taken a heavy toll on every field. The education system was no different. Lower fee collections and meeting existing financial commitments was a large enough challenge for most educational institutions, but it was a time for us to adapt. For the first time in our history, students sat on beds and dinner tables and teachers had to face the challenge of teaching on a screen instead of at a blackboard. As we slowly recover from this pandemic, schools set their sights higher in order to empower our students. There is no single, more positive influence for schoolgoing kids than high-quality infrastructure, but most schools do not have the capital to make these changes. Having access to affordable credit can make all the difference, and that is where financial institutions, like Protium Sakshara, can make a real impact. By lending to schools, you not only help them build something of lasting value, you invest in the promise and potential of the bright, young minds of tomorrow,”  said Dr. Kulbhushan Sharma, President, NISA.

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About Protium

Protium is a full-stack lender with a Pan India branch presence and operates under – Protium Finance, Protium Money & Protium Sakshara, which lends to MSME, consumers & educational institutions under the respective businesses. Protium was founded by Peeyush Misra on the conviction that engineering is fundamentally transforming finance in India. 

Protium uses proprietary models to assess revenues and growth to equip its customers with solutions. Protium boasts of a scalable, secure state management system that delivers best in class lending APIs, workflow and underwriting capabilities. Their lending capabilities include providing both secured and unsecured lending solutions from INR 1 Lakh to 5 Crore to thriving small businesses in tier 1, 2 and 3 cities, financing durables of all price ranges & personal loans to the consumer segment.

About NISA

The National Independent Schools Alliance (NISA) is a platform that brings together budget private schools (BPS) from across the country to give them a unified voice to address their concerns about legislations and bye-laws which apply to them and to facilitate quality improvement in schools. As of today, NISA represents over 55,400 schools, from 20 state associations, which cater to the needs of ~9.35 million children at an average of ~250 children per school.

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  • Pallav Jain is co-founder of Ground Report and an independent journalist and visual storyteller based in Madhya Pradesh. He did his PG Diploma in Radio and TV journalism from IIMC 2015-16.

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