Digital Transformation in Education: Standard Capital launches zero-cost EMI scheme

In a bid to transform the educational landscape, non-banking financial company Standard Capital has announced a zero-cost EMI scheme for schools and educational institutions to acquire interactive flat panels (IFPs). 

"This initiative is set to revolutionise the way teaching is conducted, offering students and teachers an enriched, tech-driven learning experience," the company said in an exchange filing.

The company said that the introduction of IFPs will help schools save significantly on the cost of consumables like chalk and markers apart from modernising classrooms. 

The development is significant as a report by Global Asthma, approximately 6 per cent of children in India suffer from asthma, translating to around 30 million children. The World Health Organization (WHO) estimates that respiratory issues in children are exacerbated by poor air quality, including indoor pollutants like chalk dust in schools. 

Digital Learning in India

Digital learning in India has seen exponential growth in recent years, driven by increasing internet penetration and government initiatives like Digital India. 

According to industry reports, the Indian Edutech market is projected to reach $10.4 billion by 2025, growing at a CAGR of 39.77 per cent. With over 1.5 million schools and more than 260 million students, the potential for digital learning solutions is immense.