“An investment in knowledge pays the best interest”
– Benjamin Franklin
1.4 million schools, 227 million students, and 36,000 higher education institutions – the enormity of the Indian Education System stems from many such statistics. With 2020 being seen as the year when our country will have the highest population in the working age group, it is becoming imperative that these numbers start showing greater and real results.
Though there has been a continuous push towards improving the state of education in the country, the often non-conducive social environment and the lack of essential resources like skilled teachers, proper infrastructure and the money to run schools, present a constant roadblock in the process.
There is a need to bring a sea change in India’s education system, and even though crowdfunding alone will not turn around the scenario, it can definitely benefit the education sector in many ways.
Funds to support education for one and all
It may sound too good to be true, but there are people and organizations out there who would support a promising talent when they see one. This charitable approach can go a long way in easing aspiring students off the burden of education loans to pay their tuition fees.
The rising popularity of online fundraising platforms in India is garnering huge support from the NGO sector as well. The cash-strapped schools and the NGOs working with them often face huge obstacles in arranging funds for their students, but crowdfunding in India is changing the education scenario in many ways.
Building the infrastructure and bringing in resources
A classroom with benches and a blackboard, toilet blocks, water supply and a playground, are basic infrastructural needs of children going to school. There is also the pressing issue of a poor teacher to student ratio in many parts of our country. Though there are constant efforts of improving the study environment for as many students, in as many places as possible, there is always room for more helping hands.
In many cases, NGOs, teachers, school administration and even students have taken to crowdfunding to solve the problems that need immediate attention or to improve their coursework by upgrading the teaching modules. We can, as a crowd, make quality education a reality for a large number of young minds.
Supporting innovative ideas
It makes a huge difference when an individual is accountable to many people for their beginning and success. Through crowdfunding, if a student with an innovative idea and an execution plan gets a backer, it can help them build a more responsible and concrete approach towards putting their ideas into action.
Backing varied educational pursuits
With the growing exposure to career fields earlier unknown, there is a rise in the number of students taking up different study courses and landing up with a job that has them traveling the world or setting up their own business. Even though there are many takers for the various unconventional courses, securing an education loan to study them is still difficult. As donors, we can support a sportsperson, a filmmaker, a travel enthusiast or a social activist and give direction to a budding mind.
Crowdfunding in India is still in its nascent stage but online fundraising is steadily gaining ground. In the context of revolutionizing the Indian education sector, crowdfunding opens up the possibility of initiating a mass movement and thus, making education everyone’s business.
“Learning gives creativity,
Creativity leads to thinking,
Thinking provides knowledge,
Knowledge makes you great”
– Dr. A.P.J. Abdul Kalam