Education Businesses Seeking Loan in Uttarakhand

- Our school is affiliated with the CBSE Board and is run by a diligent educational society. - Classes are conducted from pre-primary to 12th standard and offer science and commerce at the senior secondary level. - The school is located on the outskirts of Ramnagar the city is known as the gateway of Corbet National Park and is surrounded by nature and agricultural lands. - We have enrolled over 550+ students currently and have hired over 31 teaching staff and 8 non-teaching staff. Some of the staff are on a contract or part-time basis. We have 16 permanent staff members. - Owing to the lock-down that was imposed due to the ongoing pandemic, all the classes are being conducted online. Around 40% of the students have paid their tuition fees and we plan to recover at least 70% of the outstanding fee collection amount once the school reopens. - The average tuition fee per student is INR 2,150. Fees are collected every quarter. - We have over 22 fully equipped classrooms, two offices, and a staffroom. Besides that, some facilities available in the school are 3 playgrounds (the largest playground has an area of 100 x 80 meters), an outdoor badminton court, well-decorated outdoor activities area (30 x 20meters) a library (7,000 books), and a computer lab (16 Windows OS computers). - The business has an outstanding debt of around INR 80 lakh in bank loans. We pay a monthly interest of around INR 1 lakh on the loan. Besides that, the promoter has also borrowed some funds from private sources. - Despite the ongoing pandemic, we have received over 50 new admissions.