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Education financing startup Propelld gets NBFC license from RBI

Published on July 06, 2023
Current Context: Propelld, an education financing startup that has obtained a non-banking financial company (NBFC) license from the Reserve Bank of India (RBI).
Education financing startup Propelld gets NBFC license from RBI
  • This is a significant milestone for the company, as it will enable them to disburse loans worth 2000 Cr by FY24 and to offer more customized financing products to students across India.
  • Propelld has already partnered with over 2000 educational institutes and assisted more than 200,000 customers in achieving their educational aspirations.
  • The company is backed by WestBridge Capital, Stellaris Ventures and India Quotient.

Questions:

Q.1 What is the name of the education financing startup that got the NBFC license from RBI?
a. Propelld
b. Prodigy
c. Propel
d. Prolearn
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