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

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 range of the jury into the social enterprise category for the sheer scale and complexity associated with the challenges that the nonbanking finance company (NBFC) is wanting to tackle in agricultural finance through its distinctive market-linkage model.

The fintech loan provider, which runs into 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 kingdom since its inception in 2014.

“It really is difficult to not acknowledge the scale of Samunnati versus the others right right here. It is simply operating at an extremely scale that is different” said a part associated with jury. The panel acknowledged not only just what this has accomplished, but in addition the potential for development.

The business’s social goals in bridging the credit space through efficient utilization of technology additionally aligns utilizing the federal government’s economic addition 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 auto title loans pluss has followed a growth-oriented approach to enable the agriculture community. Continue reading “ET Startup Awards 2020: Samunnati reaps benefits for tackling challenges that are big”