India’s Education Crisis: Massive Shortage of Schools, Colleges, and Universities Requires Urgent Action

With a staggering 580 million people falling in the age group of 5-24 years, India is home to the world’s largest population of young individuals. Out of this, 250 million are students attending school, making India the country with the highest number of students globally. However, despite these impressive numbers, there is a significant gap in the country’s supply and demand for educational institutions.

To bridge this gap, India needs to build an additional 200,000 schools, 35,000 colleges, and 700 universities, and create 40 million seats in vocational training centers. This is no mean feat and requires a concerted effort from all stakeholders involved in the education sector.

Speaking about the same, Sandeep Wirkhare, MD & CEO, ISFC says, “We reach where mainstream banking cannot reach and hence bridge the gap in supply and demand for top notch educational institutions. Education is the cornerstone of a nation’s development, and India’s future depends on how well it educates its young population. ISFC understands that providing access to quality education to all is not just a moral imperative but an economic one as well. Our mission is to see this through.”

Over the last 15 years, ISFC’s loans have helped over 5000 educational institutions build new infrastructure, improve facilities, and provide better access to quality education. A non-banking finance company, ISFC partners with educational institutions to help them upgrade their technology, build competencies and provide a better learning experience.

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