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ET Startup Awards 2020: Samunnati reaps benefits for tackling challenges that are big
Anilkumar SG. Founder & CEO | Samunnati
Synopsis
Samunnati ended up being the overwhelming selection of the jury within the enterprise that is social for the sheer scale and complexity regarding the challenges that the nonbanking finance business (NBFC) is trying to tackle in agricultural finance through its distinctive market-linkage model.
The fintech loan provider, which runs within the niche intersection of agri technology and finance, has disbursed loans well worth over Rs 4,200 crore, serving 4 million farmers that are small 112 districts in the united states since its inception in 2014.
”It really is difficult not to ever acknowledge the scale of Samunnati versus the others right here. It is simply running at an extremely various scale,” said a part regarding the jury. The panel acknowledged not only exactly exactly what this has achieved, but in addition the prospective for development.
The business’s social goals in bridging the credit space through efficient utilization of technology additionally aligns utilizing the federal government’s monetary addition mandate through various schemes of Digital India.
Founder and CEO Anil Kumar, a veteran banker with more than 27 many years of experience, stated the NBFC has followed a growth-oriented approach to enable the agriculture community.
”If this recognition for Samunnati inspires a generation of young business owners to enter the company of farming finance, that could be the best acknowledgment he said, adding that the market for growth and creating meaningful social impact is limitless for us. Fortsätt läsa ”ET Startup Awards 2020: Samunnati reaps benefits for tackling challenges that are big”