How Games Can Help To Concentrate On Your Studies?

Contrary to the common perception that games are a waste of time, this infographic explains that games can be very helpful in the educational system. There are different reasons why games are useful for the creativity of the children and for the improvement of the learning process in general. The profound reason behind the debate that these can favour children while learning is that children are friendly and used to games –  and with technology in general –  more than anything else. They are grown up in an environment where they see the continuous use of electronic gadgets, and which is fundamentally at odds with what was happening in the world only a century ago. Thus, the traditional methods that were used for education before are no longer enough to educate the next generation. The other reason behind this is that children love to play games. If you give a child a book in one hand and a mobile phone to play games on the other, you will clearly notice that he wouldn’t concern himself with the book and will now start enjoying games.

It is not a blank thinking that games are favouring for the child’s education because it is backed up by scientific research as well. One research was conducted by Paul Howard Jones, and the infographic also takes that research into consideration. It explains that games produce dopamine in the brain which is a chemical that is associated with creativity. Science also explains how dopamine boosts creativity in children. Kyle Ward from Game Period said “As we all know our memory works on the basis of association, thus the more associations we have, higher will be our capacity to learn and recall things”. In other words, dopamine helps to create maximum connections between neurons in our brain, upon empowering these connections, our learning capacity is also improved.

Games used in Classrooms

Games are very important for education also because they increase the motivational level of the kids. We are more likely to do things perfectly if we like to do them. On the other hand, if we are not interested in a single destination then we may hardly take pains to do it. As mentioned earlier, children are familiar with the games and they love to play them, thus it follows that children have inner motivation to play the games. This motivation can be used for educational activities as well, and we can do it by adding the educational content in the games.

Games are also responsible for polishing the most important skills of our personality that we need to survive in life. These skills are problem-solving, collaboration, communication, and negotiation. In the educational institutions, we come to find that there are lots of activities that are designed specifically to improve these skills in children, but the results are no comparison to that of playing. Most parents show concern about the future a lot and they are hardly willing to take any chances, but they can consider the latest educational apps that focus more on the educational content and less on the gameplay.

Clich here for other awareness posts.

Co-produced by Game Period and Boylazy.

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About Loan Frame

Introduction to Loan Frame

Slow funding options hold back the growth of SME sector 

Small and Medium Enterprises (SMEs) are the growth drivers of socio-economic development in the country. There are nearly 51 million small businesses in India that make up for 45% of the country’s manufacturing output and roughly 9% to the country’s GDP. However, a major constraint in the growth of SME sector has been lack of easy funding options. Non-availability of quick business loans has indeed hurt the development of SME sector in the country. Not all SMEs find favour with traditional banks when it comes to loan eligibility due to lack of experience, absence of collaterals and infrastructure, non availability of healthy financial record and small ticket size of business loans.

Enter Loan Frame

Small businesses usually have two ways of connecting with the lenders today – walk into one of their branches or connect with a Direct Sales Agent. It happens that both these mechanisms of acquiring customers are very expensive for the banks and that cost is passed back to the borrower. Unlocking much needed finance in the form of alternate lending will help these SMEs accelerate growth, in turn creating new jobs, products, services and additional wealth. Further, with the advent of fintech companies, online platforms for securing business loans have also proliferated in recent times. These offer a convenient service for both lenders and small businesses in terms of loan origination costs and other benefits. However, more often than not, such companies do more harm than good. They share the loan enquiry with multiple banks simultaneously in a scattershot strategy and each financial institution begins to process the enquiry to convert you into a borrower. This indiscriminate spreading of your loan application then leads to multiple pulls of your credit report. Banks are also very wary of lending to someone whose credit report shows multiple inquiries in the recent past which adds to your woes as a small business owner.

To cope up with this scarcity in business funding, Loan Frame has emerged as a leading FINTECH company focused on SME lending and finance in India by building the country’s largest technology enabled SME lending marketplace. Loan Frame seeks to improve availability of business loans, whether secured or unsecured, by providing access to multiple lenders. Loan Frame’s approach to SME lending is oriented towards leveraging the growing trend of supply chain consolidation in various industries. The team believes that the platform provides advantage on both origination and underwriting. Considering the sound business framework, Loan Frame has received funding by leading global venture capitalists.

Loan Frame’s process offers a far better experience than conventional methods. This includes minimal submission of documents, easy documentation, ability to submit and extract information electronically, fast turnaround time and a single point of contact even while accessing multiple lenders. This is achieved through an accurate and quick information collection process during the documentation stage. Loan Frame analyses credit worthiness of the SMEs using analytics and scans other metrics digitally such as sales transactions. This method of digital evaluation of a SME significantly reduces the disbursement time. The complete process takes a maximum of 7 working days and the borrower can get business loans ranging between Rs. 10 lakh to Rs. 10 Crore with interest rates ranging from 9 – 22%. Loan Frame offers as many as 50 debt-financing products to SMEs that address their varying needs such as Working Capital, Business Expansion, MSME financing, Purchase of Equipment and Research & Development.

SME sector has been suffering under the burden of inadequate access to credit even while the same is indeed affecting the growth in the economy. Since, banks and other financial institutions cannot meet this requirement on their own, new emerging players in the FinTech industry like Loan Frame are trying to bridge this gap and contribute to the growth and development of the economy.

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  1. Pingback: This is why India struggles at sports other than cricket – BoyLazy Blogs

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