Avanse Education Loans (Avanse), a new age education finance company, completed its first year of operations in Pune, with plans to double loan disbursements in the city during the current financial year.

Neeraj Saxena, CEO, Avanse, announced the decision to foray into a related education loan business of funding the expansion of infrastructure facilities among established educational institutions.

Each year, hundreds of thousands of Indian students prepare for various entrance examinations in an attempt to gain admission into a reputed college for a Bachelor’s Degree course.

Avanse Financial Services, a non banking finance company (NBFC) is aiming payout of 250 crore education loans in the 2014-15 financial year.