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

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

Anilkumar SG. Founder & CEO | Samunnati

Synopsis

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

The fintech loan provider, which runs when you look at 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 is difficult to not ever acknowledge the scale of Samunnati versus the other people right here. It is simply running at a really various scale,” said an associate regarding the jury. The panel acknowledged not merely just exactly just what it offers accomplished, but additionally the prospective for development.

The business’s social objectives in bridging the credit gap through efficient usage of technology additionally aligns aided by the 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 agriculture 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 benefits for tackling big challenges