HDFC plans to foray in education sector

Housing Development Finance Corporation (HDFC) has chart out its strategic plans to enter into the Education Sector. The company’s strategy is to enter India’s vast education sector by way of participating in the segment of Schools. The long term objective is to create a visible impact on school systems across the country by providing school management and other allied services, apart from setting up initial flagship schools.

It also plans to enter the segment of Vocational Education and Training by undertaking career enhancement programs, initially offered to graduates across the country. The objective is to address the twin challenges of employability and deployability being increasingly experienced across several industry sectors including the financial sector.

Over the last 34 years, HDFC has played a pioneering role in enabling India’s middle income households to own affordable homes. The education sector will provide HDFC another opportunity to play a transformational role by enabling middle income households across the country to access quality yet affordable education spread across nearly every segment over the student learning life cycle.

HDFC had earlier entered the education finance sector through its subsidiary, Credila Financial Services. Credila is India’s first and only fully dedicated education loan company.