Online education is the best medium to deliver standard and organized knowledge from a central repository to many students in single blow. In the light of the same online education start-up co-founder Ronnie Screwvala has launched a Rs. 100 crore education scholarship fund to provide loans to those looking at doing online courses to improve their skill sets. The fund will give scholarships ranging from Rs. 25,000 and up to Rs. 2 lakh.

Why this scholarship?

Mr. Screwala said that the country presently needs 125 million young Indians in post-graduation studies but unfortunately we have not more than 30 million today in total engaged in higher studies. The min reason as per him is the majority of them start working early in their career and so online learning or education is the real answer,

Aim of the scholarship

1. He said the scholarship fund is aimed at skilling motivated individuals in relevant areas and equip them with industry-relevant knowledge.
2. The fund is been launched with an initial corpus of Rs. 100 crore and Screwvala aims to increase the size to Rs. 400 crore over the next 3-4 years.
3. He himself has invested Rs. 10 crore in the fund and will raise the rest from individuals and corporates committed to build an ecosystem for tomorrow.

 Inputs from Press Trust of India.