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

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

Anilkumar SG. Founder & CEO | Samunnati

Synopsis

Samunnati was the overwhelming range of the jury into the social enterprise category for the sheer scale and complexity associated with 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 into the niche intersection of agri technology and finance, has disbursed loans well well worth over Rs 4,200 crore, serving 4 million farmers that are small 112 districts in the united kingdom since its inception in 2014.

“It is difficult to not ever acknowledge the scale of Samunnati versus the other people here. It is simply running at a tremendously various scale,” said a part for the jury. The panel acknowledged not only just exactly what it offers accomplished, but in addition the possible for development.

The business’s social objectives in bridging the credit space through efficient usage of technology additionally aligns aided by the federal federal federal government’s monetary addition mandate through various schemes of Digital Asia.

Founder and CEO Anil Kumar, a veteran banker with over 27 many years of experience, stated the NBFC has followed an approach that is growth-oriented 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. Read More