Partnering with Career Launcher, SKS Microfinance will be opening 10 school in Nalgonda, Khammam, Rangareddy and Medak districts of Andhra Pradesh that will be English medium institutions for primary school education.
The SKS-CL Academy, in the pilot phase, will provide primary education till third standard using the national open school syllabus with special emphasis on technology. While Career Launcher would manage and run the schools, SKS Microfinance would support the marketing of the schools and provide education loans.
Recognizing that there exists a need beyond only loans to assist individuals in breaking free from the shackles of poverty, SKS is now looking to provide the actual means for such people to acquire the knowledge to improve their own situations.
SKS members can opt for an education loan of INR 3,100 (USD 72) to provide quality education to their children. The school will run at a fraction of regular fees and the monthly fee for KG and Class I is INR 175 (USD 4).
The schools are also open to non-members as well. TC-I along with the community at large will be anxiously watching this program hoping for its success and its subsequent replication across the board.