Educational Initiatives announces the launch of

Educational Initiatives announces the launch of

ASSET MENTORSHIP PROGRAMME 2020

Online programme crafted for developing a coherent educational trajectory

for students in Grades 6-12

Chennai, June 22, 2020: Educational Initiatives, India’s leading edtech company, today announced the launch of its flagship ASSET MENTORSHIP PROGRAMME 2020 (AMP), a prestigious online mentorship programme for students that will focus on building skill sets, with the support of personal mentors.

ASSET Mentorship Programme is an online programme crafted to guide aspiring students through the crucial years of academic development and help them make informed decisions about their higher education

The ASSET Mentorship Programme identifies the strengths, weaknesses and interests of students and provides them with the necessary assistance for standardised test preparation. The programme is designed to develop extracurricular and leadership skills in students and help them in connecting their career choices to universities to facilitate a coherent educational trajectory.

Under the ASSET Mentorship Programme the emphasis is on helping students discover their inherent potential by guiding them through their journey, helping them answer questions like 'How do I decode my skill sets?’, ‘What subjects will help me choose my career?’, ‘Confused where to study- India or abroad?’, and enabling them in making the right choice for their career

Programme	Grade	Duration	Features
Critical Thinking Skills  for the Information Age	Students across grade 6-9 of all Boards	28-32 weeks	·         Aims to make students self-regulated learners ·          Assignments shared cultivate the habits of reading, comprehension, understanding the deeper meaning and integrated approach ·         Assignments cover various learning aspects from daily routines, ethical aspects, to mathematical and scientific thinking
College Guidance for  University Success	Students across grade 7-12 of all Boards	28-32 weeks	·         Explore subjects that eventually become learning goals, looking at subjects through the lenses of careers, be it Mathematics, Physics, Chemistry, Economics, or Psychology ·         Understanding the connections of these in real world for education and building a career path.
Mastering Writing for  University Success	Students across grade 7-12 of all Boards	28-32 weeks	·         Exploring the path of international college admissions ·         Learning the reflective writing skills that help in admissions and financial assistance

At the end of the AMP, students will be able to self-reflect and have an idea of the steps they need to take during high school to work towards their aspirations.

The programme will be delivered on the ‘Edmodo’ platform, to enable mentors to share assignments, and manage communication with students. The Asset Mentorship Programme will be facilitated by academic experts from EI.

Asset Mentorship Programme details are available at https://www.assettalentsearch.com/asset-mentorship-programme/index.php

ICICI Bank offers instant approval of

ICICI Bank offers instant approval of education loan of upto Rs. 1 crore

·         First bank in the country to offer this facility

·         Available for accredited colleges and universities across the world

·         Fully digital process

ICICI Bank today announced the launch of a facility that empowers customers to get instant sanction letter for education loans upto Rs. 1 crore to finance higher studies for themselves or their children, siblings and grand-children in accredited colleges and universities across the world. Called ‘Insta Education Loan’, this first-of-its-kind facility enables lakhs of pre-approved customers to take education loans in a fully digital process against their fixed deposits with the Bank. They can furnish the sanction letter to the educational institute to confirm their admission.

The ‘Insta Education Loan’ facility significantly improves customer convenience as they can now generate the sanction letter themselves in just a few clicks using the Bank’s internet banking platform. Typically, it takes a few working days for a customer to get the sanction letter of an education loan. Also, it does away with the need of having to visit a bank branch and submitting a whole lot of documents.

          

Speaking about the new facility, Mr. Sudipta Roy, Head - Unsecured Assets, ICICI Bank, said, “As part of our constant endeavour to fulfil the dreams of lakhs of aspiring students, we are pleased to introduce instant approval of sanction letter for education loans against fixed deposits held with the Bank. Students can now complete the application process of colleges/universities without worrying for their financial requirements. They along with their parents can avail this facility with digital convenience and without any hassle of paper work. This facility will brings down the turnaround time for getting the sanction letter from days to a few minutes. We believe that this facility surely brings in exceptional convenience to customers as they can avail finance for higher studies without breaking their fixed deposit/ savings.”

Below are some of the salient features of ‘Insta Education Loan’:

·         Instant sanction: Customers get the sanction letter instantly through email, without visiting a branch

·         Flexibility: Customers can apply for loans upto 90% of their fixed deposits with the Bank for their children, siblings, grand-children or themselves.

·         Wide range of loan amount: For students seeking admission in international institutes, the loan amount ranges between Rs. 10 lakh and Rs. 1 crore. The amount varies between Rs. 10 lakh and Rs. 50 lakh for student seeking admission in domestic institutes.

·         Easy to apply: Customers can choose the loan amount and tenure of repayment up to 10 years through internet banking platform of the Bank with just a few clicks.   

·         Tax benefits: Full interest payment on the amount of ‘Insta Education Loan’ up to 8 years is allowed as deduction from annual taxable income, as per the Section 80E of Income Tax Act, 1961.

Customers can avail the sanction in a few simple steps below:

1.       Log in: Customers can log in to the Bank’s internet banking platform and check the pre-approved offer

2.       Enter loan details: They need to enter details like loan amount, repayment tenure, name of college / university and cost of study. The calculator automatically displays the details of the Equated Monthly Instalment (EMI).

3.       Enter student details: They are required to enter details of the student like name, date of birth and relation with student. Further, they need to check final offer, agree to terms & conditions and authenticate via a One Time Password (OTP) received on their registered mobile number. Thereafter, on payment of processing fee, a sanction letter is generated instantly.

4.       Receive sanction letter: The provisional sanction letter is sent to the registered email ID along with details of the designated relationship manager.

For the final disbursement of the loan, customers are required to get in touch with the relationship manager mentioned in the email of sanction letter. Post collecting required documents like admission letter, financial documents and signatures, the Bank will disburse the loan amount to the educational institution. Customers can also visit the nearest ICICI Bank branch for submission of the documents.