Protium has partnered with the National Independent Schools Alliance (NISA) to provide financing solutions to over 55,000 schools affiliated with NISA for their infrastructure development and working capital needs. This aligns strongly with NISA’s initiatives to help schools grow and upgrade despite the adverse effects of the pandemic that may undermine the education of millions of students across India. Through this collaboration, Protium and NISA hope to not only set the current young generation of our country up for the success they deserve but also help India’s educational institutions get back on their feet to continue educating the promising minds of generations to come.
We’d be more than happy to walk you through the entire application process with Protium. Please call / SMS / WhatsApp us on +91 85919 84414 (Monday – Friday, 10 AM – 6 PM) to get in touch with us.
About Protium
Founded in 2019, Protium is a full-stack lender with branch presence across the country. The company operates under Protium Finance, Protium Money and Protium Sakshara, which lend to MSMEs, consumers and educational institutions respectively. Protium uses proprietary models to assess revenues and growth to equip its customers with financial solutions like secured and unsecured loans up to INR 5 Crore to small businesses in tier 1, 2 and 3 cities, as well as personal loans to the consumer segment.
Protium Sakshara’s financing solutions broadly fall into four categories based on what our customers’ needs are
Infrastructure Upgrade financing empowers schools to fund infrastructure upgrades, like new furniture, repairs, maintenance works and new block set-up. Our Working Capital Finance helps school manage their working capital for day-to-day operations. Protium’s Covid Support Program allows schools to meet their financial commitments as they recover from the impact of COVID-19. New School Acquisition bridges any gaps in available capital while you’re in the process of buying a new school.
Here are some of the documents one would need in order to apply for a loan with Protium Sakshara:
KYC of the society/trust applying for the loan, along with that of any co-applicants.
The society/trust’s bank statements, income tax returns and audited financials.
School’s actual fee collection month-wise for the past three years.
Student strength by class for the past three years.
A copy of the property’s documentation for valuation and verification
About NISA
The National Independent Schools Alliance (NISA) is a platform that brings together budget private schools (BPS) from across the country to give them a unified voice to address their concerns about legislations and bye-laws which apply to them and to facilitate quality improvement in schools. As of today, NISA represents over 55,400 schools, from 20 state associations, which cater to the needs of approximately 9.35 million children at an average of 250 children per school.