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A Gift to ed-tech Startups

ed-tech startups

Since the lockdown started many businesses have been impacted hardly. There is an effect on each and every sector of the economy. And now when the government started providing relaxation to businesses, it very well knows that startups need nurturing from Government in different forms. Therefore, our Finance Minister Nirmala Sitharaman came up with some benefits to startups. Some of them include:

e-VIDYA

Finance Ministry and Ministry of Corporate Affairs jointly announced e-VIDYA to brought some good time for ed-tech startups. It is a step to boost digital education which is much required considering the current market situations.

This initiative includes 12 DTH channels with one each allocated a class from 1 to 12. The top 100 universities will be allowed to start inline classes by May 30. It will also facilitate e-content for visually and hearing impaired.

It also includes Diksha Portal which comprises of QR code generated textbooks for education in all states and UTs. It works on “ one nation, one digital platform”

Swayam Prabha: 

a step by Ministry of Human Resource towards free to air education channels. It includes a total of 32 DTH channels with 6 hours of pre-recorded sessions. There will be 4 sessions daily on different subjects covering diverse areas like economy, medicine, mathematics, social science, humanities, etc. with a dedicated helpline to clear doubts.

No doubt online education has been proved a boon for teachers to teach their students during this difficult situation. This is just a glimpse of the government’s plan in the education sector to cover the loss faced by students during the lockdown. The government must have much more in its bucket list.

On the other side, entrepreneurs are also trying innovations with exponential technology to develop their platform and to expand their reach.  The online education market in India was worth $ 247 million in 2016, which is expected to grow by about $ 1.96 billion by 2021. This were the numbers before the COVID crisis, it must be much higher now. Some considerable platforms like Byjus, Unacademy, TestBook, Vedantu, etc are coming up with substantial content and videos for unstoppable knowledge. 

It’s like an equal contribution from both sides the Government and Online Platforms for continuous involvement and the future of students.

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