“We educate women because it is smart. We educate women because it changes the world.” - Drew Faust, former president of Harvard University.
Quality education forms a bedrock of women’s empowerment as it is essential for gaining knowledge, developing skills, building confidence and becoming financially independent. This International Women’s Day, let’s learn about the role of education and education loans in women’s empowerment and other interesting details.

Key Highlights:

• Women empowerment
  • About women’s empowerment
  • Need for women’s empowerment
  • Women empowerment examples
• Advantages of women’s education
• Role of an education loan in women’s empowerment
• What you must know about Avanse education loans?

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Women empowerment

• About women’s empowerment

  On International Women’s Day 2024, let’s understand the meaning of women’s empowerment in its truest sense. Enabling women to lead their lives by making their own decisions and allowing them to participate in social, economic, political and cultural spheres is women empowerment. Giving them equal rights and access to resources & opportunities can help them thrive.

• Need for women’s empowerment

  • Importance of gender equality in women’s empowerment

  Women have faced challenges in receiving equal rights and the right to education. Times are changing, as women nowadays are effectively leading organisations. Women aim to be independent individuals by focusing on their overall development. Therefore, many female students opt for a loan for education to fund their studies independently without depending on their parents.
  Also Read: What students must know about education loan eligibility criteria

• Women empowerment examples

  • Women’s economic empowerment

    Opening a bank account, making choices that impact society, easy access to technology, and labour laws favouring equal rights for women at work are some basic aspects that can uplift women and drive economic empowerment.

  • Women’s financial empowerment

    Women work, earn, and financially support their families and themselves. By understanding financial literacy, women can make decisions about spending, saving and investing. They can manage their moolah effectively without having to depend on others.

  • Women and financial planning

    Working women have the purchasing power, and with it comes the responsibility to save judiciously, invest wisely and plan for retirement. Gone are the days when men made the decisions related to finances earned by women. These days, educated women understand financial planning and budgeting to manage their finances effectively.
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Advantages of women’s education

• Women empowerment through education

  Quality education for women is equally important as it is for men. You will be surprised to know that 43% of STEM graduates in India are women, a domain considered most competitive. Nevertheless, women are thriving because of their domain-specific knowledge and skills. Hence, education holds paramount significance as it is the cornerstone of personal and professional growth. Education for women’s empowerment is essential for enabling them to reach their full potential in every aspect of life.

Role of an education loan in women’s empowerment

• Atmanirbhar

  When you opt for a student loan, you can pay it off easily through Equated Monthly Instalments (EMIs). Most study loans come with a moratorium period where you don’t have to pay EMIs, for a brief period. However, it is recommended to contribute in the form of simple interest/partial interest as a moratorium is not an interest-free period, and interest begins to accrue from day one. You can earn a self-made badge by paying off your education loan without depending on your parents.
  Also Read: What you must know about education loans this World Student’s Day

• Quality education

  Why should you settle for a lesser-known college or course? If you believe your dream university will provide the necessary learning experience to build a successful career, you can opt for a student loan. Whether you want to study in India or abroad, an education loan is a prudent choice to pursue conventional courses such as STEM, unconventional programs such as Music Production, or other vocational, skilling, upskilling or reskilling study programs.

• Let savings be savings

  Savings come in handy during a rainy day. So, by opting for an education loan, you can keep your emergency savings intact for unexpected expenses. Your family can fall back on this money during health emergencies or other contingencies.

• Creditworthiness

  You can build a healthy credit score if you repay your student loan responsibly. This will unlock multiple benefits when you opt for other financial solutions such as a car loan, home loan or credit card.
  Also Read: Things every student must know about an Education Loan EMI Calculator

What you must know about Avanse education loans?

At Avanse Financial Services, we understand the significance of quality education, and hence, we provide various benefits such as 100% financing, quick loan sanctions, flexible repayment options and more. Additionally, women aspirants can benefit from Women’s Day special offer designed to empower women. This will be valid from 8 March 2024 to 8 June 2024. In this offer, female students will receive a waiver of the last 8 EMIs and a full processing fee refund upon timely repayment of all the loan instalments, provided they meet the pre-set criteria.
Please contact us to know more about the education loan rate of interest, the Women’s Day special offer, and the application process. We will be glad to assist you. We wish you all the best and a happy Women’s Day!