Small cities rival metros in candidates heading abroad
₹3 crore were disbursed in each of the top 20 cities in FY22. In the first six months of this fiscal, more than 50 cities have already met that mark," said Ankit Mehra, co-founder and CEO of NBFC GyanDhan." The founder noted that the loan ticket may be marginally smaller because often the counsellors have access to smaller universities abroad.
“In FY22, top six cities (including Hyderabad, Bengaluru, Mumbai, and New Delhi) contributed to 62% of overall loans which is down to 52% in FY24," he added, The numbers from states such as Punjab have also seen a spike in recent years as Mint had reported in September. The majority of candidates have applied for entry- and mid-level positions, spanning sectors such as retail, business services and manufacturing NBFCs, recruiters and consultants are witnessing a fivefold increase in the migration of students and young professionals from Punjab to Canada, Australia, and Europe.Milestone Alert!
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