Avanse Financial Services raises ~$15 million via External Commercial Borrowing (ECB) Route

Social impact funding for a period of 10 years from WorldBusiness Capital backed by US International DFC

September 29, 2020: Avanse Financial Services Ltd, India’s new age, education-focused non-banking financial company has raised ~$15 million from World Business Capital Inc., a US based financial institution and this money is backed by guarantee from US International Development Finance Corporation (US DFC) via External Commercial Borrowing (ECB) route. The organization has received this long-tenure social impact funding under US DFC’s women empowerment initiative – ‘2X Women’s Initiative’ as ~30% of the students funded by Avanse are women educational aspirants. The ‘2X Women’s Initiative’ aims to catalyse investment in projects that are owned by, led by, or empower the world’s women and supports the administration of Women’s Global Development & Prosperity Initiative (W-GDP).

This new investment is a formidable step towards enhancing the education ecosystem of India. This funding is well-poised to support the expansion of Avanse Financial Services’ education financing program and thus, strengthen its leadership position in the lending space. Avanse is one of the Indian companies to receive this investment as it is on a mission to make education financing seamless and affordable for every deserving Indian student. Its tailor-made solutions are designed to cater to 10,000+ institutes and courses in ~50 countries.

The organization has always been focused on enhancing gender diversity by encouraging women participation in higher education. It celebrates Women’s Day, Daughters’ Day over an extended period by offering special product programs to all interested women students to fulfil their academic aspirations. Avanse Financial Services ensures equal access for all students to secure affordable education financing solutions.

Amit Gainda, CEO, Avanse Financial Services said, “ECB is a unique way of raising funds from the best of global platforms. Based on this process, we have been able to create a new category of long-tenure social impact funding. The fund will be utilized to help more number of deserving Indian students to fulfil their academic aspirations. We will create strategic deployment plans to support the expansion and fulfilment of education aspirations of deserving students.”

Avanse Financial Services is dedicated to create robust platforms to motivate women student participation in higher education. Mr. Gainda added, “We strongly believe that educating women results into empowered families, stronger societies, a knowledgeable economy and ultimately, a prosperous nation. Hence, we will continue to develop products and services to encourage women to pursue their academic aspirations.”

Recently, Avanse Financial Services secured ₹250 crores under Government and regulatory initiatives. ₹100 crores have been raised through the Targeted Long Term Repo Operation (TLTRO) window 2.0 by RBI from leading public sector banks and ₹150 crores under the Partial Credit Guarantee (PCG) Scheme. The organization is one of the pioneers to have started funding non-conventional courses along with the large conventional ones. The NBFC funds courses such as STEM programs, MBA programs and also, some of the non-conventional courses like photography, music, aviation, animation that students want to pursue both in India and in international markets.

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Doctors report 30% surge in heart attacks in Bengaluru in late stages of lockdown

Many patients have been delaying hospital treatment after suffering a heart attack due to fear of Covid infection, and therefore having a complicated course of recovery
BENGALURU / Sept 28, 2020 – Doctors have reported a 30 percent surge in cases of heart attacks in Bengaluru in the last two months, possibly related to factors like mental stress, economic difficulties, a sedentary lifestyle and bad diet imposed by the lockdown. Many heart attack victims have also been delaying coming to a hospital due to fear of Covid infection and therefore having a complicated course of recovery because of lack of timely treatment, said Dr. Sreekanth Shetty, Head – Interventional Cardiology, Sakra World Hospital.
Dr. Sreekanth Shetty said: “In the first few month of the lockdown, there was a drastic fall in the number of heart attack patients. There were many reasons for this, like reduced stress levels due to staying at home and getting more rest and heart attack victims not coming to hospitals for treatment due to Covid fears. Lack of prompt care saw a spike in sudden deaths at home. However, the wheel has turned full circle. As levels of mental stress, frustration and insecurities among people rise due to financial anxiety, job losses, salary cuts, unregulated working hours, etc., we are now witnessing a surge in heart-attack cases in the late phase of the pandemic. This is due to the pandemic induced stress on people.”
He added: “At Sakra hospital, we have experienced a disproportionate rise in heart attack hospitalizations. In fact, there has been a 30 percent increase in the number of heart attack patients coming for treatment in the months of August and September, compared to the same period last year. While heart patients are still shying away from elective procedures, admissions in emergency ward have risen for heart attacks.”

Dr. Shetty said: “Patients with pre-existing heart disease are at the highest risk of mortality due to Covid infection. It has been seen to affect the heart in various ways. One, when the lung is severely affected, extremely low oxygen levels depress functioning of the heart. Two, the virus can cause low blood pressure which in turn can also affect the heart. Third, the virus can trigger a severe inflammatory response which also involves the heart. Fourth, Covid can cause clotting in the arteries and veins of the body, leading to heart attacks, brain strokes, limb gangrene, deep vein thrombosis and pulmonary embolism. Covid can also directly affect the heart, causing myocarditis, a potentially life-threatening condition. Also, certain types of heart arrhythmias are seen to happen in Covid patients which can cause death. Worse, Covid can affect the heart in patients with no prior cardiovascular problems and they can face the same complications.”
“Due to fear of the infection, many heart patients have restricted themselves from coming for their scheduled hospital visits. Some have availed of video consultations to take guidance. Fortunately, most patients are conscious of the need to continue their medications and we have not come across any heart patient defaulting on medication during the pandemic. Also, availability of medicines has not been a problem in this period,” said Dr. Shetty.
He added: “There are many things that people with heart condition can do to limit their risk of infection. Avoid people who are sick and keep a two-meter distance from other individuals, wherever possible. Wash hands thoroughly with soap and warm water for at least 20 seconds. Wear appropriate masks but avoid those with a valve. Stay at home as much as possible and work from home if feasible. Continue to take prescription medications without fail, including for blood pressure and diabetes. Do not stop blood thinners if you are on them. In case of symptoms suggestive a new cardiac event, visit the hospital without hesitation.”

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2019 ರಲ್ಲಿ ಕಾಂಗ್ರೆಸ್ ತನ್ನ ಪ್ರಣಾಳಿಕೆಯಲ್ಲಿ ಎಪಿಎಂಸಿ ಕಾಯಿದೆ ತಿದ್ದುಪಡಿ ಬಗ್ಗೆ ಸ್ಪಷ್ಟವಾಗಿ ಹೇಳಿತ್ತು, “ಕಾಂಗ್ರೆಸ್ ಅಸ್ತಿತ್ವಕ್ಕಾಗಿ ಹೋರಾಡುತ್ತಿದೆ” -ಬಿ.ಸಿ.ಪಾಟೀಲ್

ಕಾಂಗ್ರೆಸ್ ಅಸ್ತಿತ್ವಕ್ಕಾಗಿ ಹೋರಾಡುತ್ತಿದೆ; -ಬಿ.ಸಿ.ಪಾಟೀಲ್
ಹಾವೇರಿ,ಸೆ.28: ಕಾಂಗ್ರೆಸ್ ಈಗ ಸಂಪೂರ್ಣ ಅಸ್ತಿತ್ವ ಕಳೆದುಕೊಳ್ಳುತ್ತಿದ್ದು, ತನ್ನ ಅಸ್ತಿತ್ವವನ್ನು ಉಳಿಸಿಕೊಳ್ಳಲು ಹೋರಾಟ ಮಾಡುತ್ತಿದೆ ಎಂದು ಕೃಷಿ ಸಚಿವರಾದ ಬಿ.ಸಿ.ಪಾಟೀಲ್ ಹೇಳಿದ್ದಾರೆ.
ಹಿರೆಕೆರೂರಿನಲ್ಲಿಂದು ಸುದ್ದಿಗಾರರೊಂದಿಗೆ ಮಾತನಾಡಿದ ಸಚಿವರು, ಕಾಂಗ್ರೆಸ್ ಹೇಳುವುದೊಂದು ಮಾಡುವುದು ಇನ್ನೊಂದು. 2019 ರಲ್ಲಿ ಕಾಂಗ್ರೆಸ್ ತನ್ನ ಪ್ರಣಾಳಿಕೆಯಲ್ಲಿ ಎಪಿಎಂಸಿ ಕಾಯಿದೆ ತಿದ್ದುಪಡಿ ಬಗ್ಗೆ ಸ್ಪಷ್ಟವಾಗಿ ಹೇಳಿತ್ತು. ಅಲ್ಲದೇ ಭೂ ಸುಧಾರಣಾ ಕಾಯಿದೆ ತೆಗೆಯುವ ಬಗ್ಗೆ ಕಾಂಗ್ರೆಸ್ ನ ಡಿ.ಕೆ.ಶಿವಕುಮಾರ್, ಆರ್.ವಿ.ದೇಶಪಾಂಡೆ, ಮಲ್ಲಿಕಾರ್ಜುನ ಖರ್ಗೆ ಅವರೇ ಹೇಳಿದ್ದರು. ಅವರು ಹೇಳಿದಂತೆಯೇ ಈಗ ಕಾಯಿದೆಯನ್ನು ತಿದ್ದುಪಡಿ ಮಾಡಲಾಗಿದೆ. ಕಾಂಗ್ರೆಸ್ ನಾಯಕರೇ 79 ಎ ಮತ್ತು ಬಿಯನ್ನು ಅನ್ನು ಕೈಬಿಡಬೇಕೆಂದು ವಿಧಾನಸಭೆಯಲ್ಲಿಯೇ ಹೇಳಿದ್ದರು. ಅದು ವಿಧಾನಸಭೆಯಲ್ಲಿ ದಾಖಲೆಯೂ ಆಗಿದೆ. ಆದರೆ ಈಗ ರಾಜಕೀಯ ದುರುದ್ದೇಶಕ್ಕಾಗಿ ವಿರೋಧಿಸುತ್ತಿದೆ. ಕಾಂಗ್ರೆಸ್ ಮಾಡುತ್ತಿರುವುದು ನಿಜಕ್ಕೂ ಒಳ್ಳೆಯ ಬೆಳವಣಿಗೆಯಲ್ಲ ಎಂದರು.
ಪ್ರಧಾನಿ ನರೇಂದ್ರ ಮೋದಿ ಸಾಮಾನ್ಯ ಸಣ್ಣ ರೈತನಿಗೂ ಸಹ ಅನುಕೂಲವಾಗುವಂತೆ ಕೃಷಿಕಾಯಿದೆಗಳನ್ನು ತಂದಿದ್ದಾರೆ. ಆದರೆ ವಿನಾಕಾರಣ ರಾಜಕೀಯ ದುರುದ್ದೇಶಕ್ಕಾಗಿ ಇದನ್ನು ಕಾಂಗ್ರೆಸ್ ಜೆಡಿಎಸ್ ವಿರೋಧಿಸುತ್ತಿವೆ ಎಂದರು.
ಭೂ ಸುಧಾರಣೆ ಕಾಯಿದೆ ತಿದ್ದುಪಡಿಯಿಂದ ರಾಜ್ಯದಲ್ಲಿ ಪಾಳುಬಿದ್ದಿರುವ 30-40 ಸಾವಿರ ಹೆಕ್ಟೇರ್ ಭೂಮಿಯಲ್ಲಿ ಕೃಷಿ ಚಟುವಟಿಕೆ ನಡೆಯಲು ಸಾಧ್ಯವಾಗುತ್ತದೆ. ಕೃಷಿಗೆ ಉತ್ತೇಜನ ನೀಡಲು ಭೂಕಾಯಿದೆಗೆ ತಿದ್ದುಪಡಿಯಾಗಿದೆ. ಇದರಿಂದ ಯುವಕರಿಗೆ ಉದ್ಯೋಗವಕಾಶಗಳು ಹೆಚ್ಚಾಗಲಿವೆ ಎಂದು ಬಿ.ಸಿ.ಪಾಟೀಲರು ಅಭಿಪ್ರಾಯ ವ್ಯಕ್ತಪಡಿಸಿದರು.

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57% Spike in Cardiovascular Problems during Lockdown 

  • Dr Partap Chauhan of Jiva Ayurveda says that during the complete lockdown, they got 322 cases of CVDs and post-lockdown, Jiva doctors have consulted around 776 cases through their telemedicine centre and clinics 
  • The availability of quality medical care and the fear of contagion is one of the few common causes for the worsening condition of patients with pre-existing heart problems 

Sept 25, 2020 – Respiratory disorders caused by COVID-19 took centre-stage during the pandemic, overshadowing other burgeoning health issues, particularly cardiovascular disorders (CVDs). Incidences of new-onset and worsening heart problems are being highlighted by medical experts across the world. A 2019 report published by the American Heart Association placed India’s burden of heart disorders at a worrisome 54.5 million people, with one in four deaths attributable to CVDs such as Ischemic Heart Disorder or Stroke. With the recent uptick in heart diseases over the last few months, people around the world, especially in India, are faced with the likelihood of cardiovascular concerns at a large scale in the near future. 

Dr Partap Chauhan, Director, Jiva Ayurveda said, “Before lockdown, our doctors consulted 748 cases for cardiovascular diseases, during the complete lockdown, we got 322 cases of CVDs and post-lockdown, our doctors have consulted around 776 cases through our telemedicine centre and clinics.” 

Understanding the causes behind the surge 

The availability of quality medical care and the fear of contagion is one of the few common causes for the worsening condition of patients with pre-existing heart problems. In addition to that, the sudden and disproportionate increase in causative factors such as stress, anxiety, obesity, and physical inactivity is pushing the pre-CVD segment of people in their late 40s and with existing co-morbidities into becoming new patients of CVD.  

Isolation, loss of employment, financial dilemmas, and the emotional burden of being away from family members or bereavement have made matters worse.  

Dr Chauhan added, “The psychological effects (loneliness, stress, anxiety, isolation, unemployment fear and economic burden) of the pandemic combined with other lifestyle factors like smoking and drinking, irregular eating habits, unhealthy diet and physical inactivity may increase CVD cases during the pandemic.” 

Dissecting the trend of recent CVD cases 

During the initial days of the lockdown, people were relieved of the mundane burdens of daily commutes and work stress, they also had more time with their families which positively impact heart health. Unfortunately, as days progressed, the usual causes of stress were replaced by financial burdens, unemployment, further uncertainties, boredom, and lack of sleep which had a cumulative adverse effect on cardiovascular health.  

“A major shift in the trend of CVDs observed during the lockdown was that people in their 30-40s were getting heart attacks and suffering from other cardiac problems, especially in the metros like Delhi and Mumbai. At Jiva, we had the maximum number of cases from the Maharashtra region (150+ cases), followed by Delhi (200+ cases), Uttar Pradesh (300+ cases) and Haryana (110+ cases), of which around 1000 were males and 480 were females,” added Dr Chauhan.  

It must be noted that most of these cases also had an observable trend in co-morbidity. Doctors consulted 670 cases for hypertension, followed by 216 cases of Hypercholesterolemia and 174 cases of Hridroga (other heart diseases). 

Protecting the heart with Ayurveda: Preventive and curative solutions 

Stress, bad diet, and emotional turmoil can take a toll on the heart. Over a period, it becomes weak and coupled with incorrect lifestyle choices such as smoking, drinking alcohol or eating junk food, the high risk of developing heart diseases goes up. Adopting an Ayurvedic lifestyle and adding Ayurvedic herbs in your daily routine can help.   

“Practice yoga and pranayama to reduce stress levels. A gentle head massage or full body massage with oil relieves tension and reduces the load on your heart. Switch off highly charged TV broadcasts if it is causing you stress. Spend time cultivating what actually makes you happy, healthy and gives you peace,” advised Dr Chauhan. 

Ayurvedic herbs are also known to be effective in keeping the heart healthy. Here are a couple of herbal recipes that doctors at Jiva commonly recommend for a healthy heart.  

Arjun ki Chaal (White Marudah): Boil half a spoon of Arjun ki Chaal in a cup of water for 10-15 minutes on a low flame till it is reduced to half a cup and drink it. 

Lehsun (Garlic): Boil a cup of milk with a garlic clove, cinnamon, honey, and drink in the morning. You can also start your day by eating a clove of garlic to enjoy its heart-friendly benefits.  

Jiva Ayurveda is one of the leading Ayurvedic telemedicine organizations in the world with over 8,000 daily consultations. Over the years, thousands of heart patients have benefited from personalized treatment at Jiva. Case in point, Sanjay Lal, a 49-year-old resident of Agra reported complete relief in his heart condition (Angina with Dyslipidemia) after three months of treatment at Jiva. 

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ಗಾನಗಾರುಡಿಗ, ಪದ್ಮಶ್ರೀ ಡಾ.ಎಸ್.ಪಿ.ಬಾಲಸುಬ್ರಹ್ಮಣ್ಯಮ್ ಅವರ ಅಕಾಲಿಕ ನಿಧನದಿಂದ ನನ್ನ ಮನಸ್ಸಿಗೆ ಅತೀವವಾದ ನೋವುಂಟಾಗಿದೆ – ವಿಶ್ವೇಶ್ವರ ಹೆಗಡೆ ಕಾಗೇರಿ,ಸಭಾಧ್ಯಕ್ಷರು

ಶೋಕ ಸಂದೇಶ

ಗಾನಗಾರುಡಿಗ, ಪದ್ಮಶ್ರೀ ಡಾ.ಎಸ್.ಪಿ.ಬಾಲಸುಬ್ರಹ್ಮಣ್ಯಮ್ ಅವರ ಅಕಾಲಿಕ ನಿಧನದಿಂದ ನನ್ನ ಮನಸ್ಸಿಗೆ ಅತೀವವಾದ ನೋವುಂಟಾಗಿದೆ.

ತಮ್ಮ ಕಂಚಿನ ಕಂಠದ ಮೂಲಕ ಜನರ ಮನವನ್ನು ಸೂರೆಗೊಂಡಿದ್ದ ಶ್ರೀಯುತರು ಅನೇಕ ಪ್ರಶಸ್ತಿಗಳಿಗೆ ಭಾಜನರಾಗಿದ್ದು, ಸರಳಸಜ್ಜನಿಕೆಯ ವ್ಯಕ್ತಿಯಾಗಿದ್ದರು. ಇವರ ನಿಧನದಿಂದ ಸಂಗೀತ ಪ್ರಪಂಚಕ್ಕೆ ತುಂಬಲಾರದ ನಷ್ಟವಾಗಿದೆ.
ಇವರ ಆತ್ಮಕ್ಕೆ ಚಿರಶಾಂತಿ ದೊರೆಯಲೆಂದು ಹಾಗೂ ಈ ದುಃಖವನ್ನು ಭರಿಸುವ ಶಕ್ತಿಯನ್ನು ಅವರ ಕುಟುಂಬ ವರ್ಗದವರಿಗೆ ಭಗವಂತನು ದಯಪಾಲಿಸಲೆಂದು ಪ್ರಾರ್ಥಿಸುತ್ತೇನೆ.

ವಿಶ್ವೇಶ್ವರ ಹೆಗಡೆ, ಕಾಗೇರಿ,
ಸಭಾಧ್ಯಕ್ಷರು,
ಕರ್ನಾಟಕ ವಿಧಾನ ಸಭೆ

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