ET Startup Awards 2020: Samunnati reaps rewards for tackling challenges that are big

ET Startup Awards 2020: Samunnati reaps rewards for tackling challenges that are big

Anilkumar SG. Founder & CEO | Samunnati

Synopsis

Samunnati ended up being the overwhelming selection of the jury into the social enterprise category for the sheer scale and complexity regarding the challenges that the nonbanking finance company (NBFC) is attempting to tackle in agricultural finance through its distinctive market-linkage model.

The fintech lender, which operates within the niche intersection of agri tech 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 is difficult not to ever acknowledge the scale of Samunnati versus the other people right here. It is simply operating at a tremendously scale that is different” said a part regarding the jury. The panel acknowledged not merely just exactly what this has accomplished, but in addition the possible for development.

The business’s social goals in bridging the credit space through efficient use of technology additionally aligns because of the federal federal government’s monetary inclusion mandate through various schemes of Digital Asia.

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. Continue reading “ET Startup Awards 2020: Samunnati reaps rewards for tackling challenges that are big”