The history of women’s education in India highlights various challenges, both big and small. However, today, females have accomplished incredible feats in every field, from leadership to innovation. However, not every woman can afford to attend college, which can create a barrier for those who want to succeed in academic life and build lucrative careers but lack the necessary financial resources. Let’s take a look at the history of female education in India, the obstacles women face in the current scenario, and a way to overcome them.
Key highlights:
- History of Women’s Education in India
- The Financial Hurdle
- How Can You Overcome Challenges
- Role of Avanse Financial Services in Empowering You
History of Women’s Education in India
In ancient India, women had access to education, and their educational rights were equal to those of men. Later, harmful social practices such as sati led to the decline of the status of women. During British India, the first girls’ boarding school was established in 1821. However, after independence, the government brought women’s education into the spotlight. In 1948-49, the University Education Commission placed great importance on women’s education. Today, women’s higher education history in India has changed. According to the latest 2023 update, the literacy rate for girls is ~77%. This highlights that the history of women’s education in India has undergone tremendous change.
The Financial Hurdle
Girl students are talented and ambitious, but a lack of finances can discourage them from achieving their academic goals. Did you know that ~59% of girls abandon STEM (Science, Technology, Engineering, and Mathematics) education due to financial setbacks? Despite growing awareness and support from parents, financial constraints are one of the biggest challenges that women face. A wide range of expenses, including tuition fees, travel expenses, accommodation expenses, living expenses, and the cost of learning devices, as well as other education-related expenses, can be worrisome.
Also Read: Women’s Education in India: Why It’s the Key to a Stronger Nation
How Can You Overcome Challenges
Many female students opt for education loans to unleash their full potential and chase their academic dreams. It enables them to finance their education independently, without relying on their parents.
Let’s understand some benefits of education loans.
Access to World-class Education
You can study anywhere in the world. An education loan for studying abroad as well as for courses in India are available for women. With student loans, you can secure a spot at your dream university and access quality education.
Atmanirbhar
Education loans enable you to finance your education independently, without depending on your parents. It creates a bridge between you and your academic aspirations.
Credit Score
You can build a healthy credit score by responsibly repaying your student loans. This credit score will play a crucial role when you opt for other financial solutions, such as a car loan, home loan, or credit card, later in your life. Your creditworthiness can unlock benefits when you opt for such financial products.
No Need to Liquidate Your Assets or Family Savings
It takes years to build family savings, which can come in handy during a rainy day. Similarly, purchasing assets is a long-term process that requires great financial effort. When you opt for a student loan, you can set aside your family savings for emergencies.
Role of Avanse Financial Services in Empowering You
The history of female education in India has changed over the years. At Avanse Financial Services, we believe in supporting women who want to excel in their academic and professional lives. We launched SWALAKSH, a special education loan product for female higher education aspirants. You can benefit from interest rate concessions, flat processing fees and more. To know more, please click here.
At Avanse Financial Services, we offer loans for students with 100% finance, quick loan sanctions and flexible repayment options. You can use our EMI calculator for an education loan to estimate your monthly EMIs. If you have any further questions, please don’t hesitate to contact us. We will be glad to assist you.
