Varthana provides loans from Rs5 lakh to Rs1 crore for private schools at prevailing market rates. Bengaluru: Bengaluru-based school finance company Varthana has raised $3 million in funding from the Michael & Susan Dell Foundation to expand its School Transformation Program (STP). The program is aimed at improving the quality of learning in private schools by lending them credit facilities. Through the STP initiative, Varthana provides debt financing, education assessments, hands-on support, vendor connections, and financial rewards to schools in different states. Apart from loans, Varthana focuses on working with schools to improve their learning outcomes by bettering their teaching quality and technology, among others.

Source: Mint October 11, 2017 09:22 UTC