Industry Overview

 The overall size of the Indian financial services sector in2021 is estimated at $500 billion, of which, the
FinTech market comprises $31 billion and is estimated at$ 150 Bn by 2025.  The rapid pace of growth in
the FinTech sector in India comes on the back of accelerated digitization in the country.

 In the next five years, the FinTech sector is expected to grow with a compound annual growth rate of
22%, and it currently stands as the third largest FinTech. India is amongst the fastest growing Fintech
markets in the world and there are 6,636 FinTech startups in India. 

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 Of the total FinTechs 28% are into investment tech, 27% into payments, 16% into lending, 9% into
banking infrastructure, and 20% are into other fields,

 Also India has the third-largest higher education system in the world, after the US and China, according
to the World Bank. Thankfully, the central and state governments run many schemes, offer grants and
scholarships to make education more accessible to Indian students. Every year the Government offers
scholarships worth INR 13,000 crores..

 Approximately 43% i-e 443,143,670 of India’s population is in the age group of 5-24 Years
 12,719,458 i-e merely 2.8% applicant applied for Scholarships for year 2020-2021
 Unfortunately, there is a huge lack of awareness about scholarships schemes. Hundreds of scholars who
have the aptitude but lack financial resources give up on their dreams as they are unaware of these
facilities

Competitor:-
 Buddy4study.com:
 Started in 2003
 Provide details for all central and state scholarships
 Scholarshipinindia.com :
 started in 2014
 provides access to scholarships with end-to-end application support to seekers and
end-to-end management and monitoring of scholarship programs to providers
 PolicyBazar.com
 https://censusindia.gov.in/census_and_you/age_structure_and_marital_status.aspx

 https://nsp.gov.in/dashboard