College Vidya findings INR 1.5 Crore financial aid disbursed in 2024, sets INR 5 Crore target for 2025

December 26, 2024 : A recent analysis by College Vidya, India’s leading online education platform, has revealed the significant impact of its financial aid program across states like Uttar Pradesh, Delhi, Maharashtra, Bihar, and West Bengal. The platform disbursed INR 1.2 Crore in 2024, benefitting 5,751 students nationwide. This initiative has been instrumental in supporting learners facing financial challenges, enabling them to pursue their academic aspirations without compromise.

Statewise, Uttar Pradesh led the way, with 807 students receiving aid amounting to INR 12.1 lakh. It was followed by Delhi and Maharashtra, with 769 and 621 students benefiting from INR 12.2 lakh and 11.3 lakh, respectively. Bihar and West Bengal also saw notable contributions underlying the platform’s commitment to bridging financial gaps in education.

Speaking about the impact of the initiative, Rohit Gupta, COO of College Vidya said, “Reports suggest that more than 70% of students cite financial constraints as the primary reason for discontinuing their education. At College Vidya, we believe that money shouldn’t become a barrier for students willing to acquire quality education. By providing the necessary financial support, we aspire not only to empower individual students but also to set an example for other institutions, urging them to join us in creating a more equitable and inclusive education system. We are committed to scaling this initiative to INR 5 Crore in 2025, ensuring that even more students have the opportunity to fulfill their academic dreams.”

College Vidya has been at the forefront of redefining online education in India. In addition to providing financial aid, the platform is working towards creating greater awareness and addressing misconceptions surrounding online education. Through its novel initiatives like the CV Partners model and Subsidy Refer and Earn program, the company strives to bridge gaps in education and empower learners with the tools and resources they need to excel in a digital-first world.