19/02/2020
Challenges Of Edupreneurs In India
Ever since the Government of India allowed a 100% FDI on Education Sector, it has seen some top-notch people joining hands to make India a literate country, which, in the end, opens up the world of endless possibilities for every citizen.
Foreign Investment In The Education Sector: Regulatory Roadblocks
Parenting a super child!
India has over 250 million school going students, number of schools and colleges going to 39,050 and 903 respectively, and Gross Enrolment Ratio in Higher Education of 25.8% in 2017-2018. With such a drastic improvement in education in India over the years, India’s Education Sector has opened up as a great opportunity for aspiring businessmen, willing to flourish their life as an ‘edupreneur’, or ‘education entrepreneur’.
Few challenges that edupreneurs face;
1. Fewer sources of funding:Edupreneurs are allowed to open up schools and/or colleges only under a non-profit entity, which restricts the sources of fund. For example, they can’t get investments via equity investors, or through shares and debentures. Non-profit entities are, however, eligible for DONATIONS, which somehow relieves them, but not completely. Because of lesser sources of funding, edupreneurs take time to expand their institutions by making additions to the available facilities.
2. Deploying wrong people:Edupreneurs, sometimes, fail to judge the human resources that are being deployed in their venture. This motivates these people to take edupreneurs for granted, which ultimately leads to diversion in edupreneur’s plans.
3.Human Touch : Edupreneurs are unable to create a perfect blend of Tech with human touch, education is getting digital while people are seeking for actual mentors, which is a huge gap we are facing.
Education business doesn’t gain success overnight. It’s a collective effort of passion followed by systematic planning and ex*****on. Edupreneurs, however, continue to face challenges despite normalcy in the situation, but with a right knack and patience, it becomes a win-win situation for all
Disclaimer: The views expressed in the article above are those of the authors' and do not necessarily represent or reflect the views of this publishing house.