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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.


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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