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

Anilkumar SG. Founder & CEO | Samunnati

Synopsis

Samunnati had been the overwhelming selection of the jury within the enterprise that is social 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 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 kingdom 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 running at a really various scale,” said a part associated with jury. The panel acknowledged not only just what this has accomplished, but additionally the possible for development.

The business’s social goals in bridging the credit space through efficient usage of technology additionally aligns with all the federal federal federal government’s monetary 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 has followed a growth-oriented approach to empower the agriculture community.

“If this recognition for Samunnati inspires a generation of young entrepreneurs to enter the company of farming finance, that might be the best acknowledgment he said, adding that the market for growth and creating meaningful social impact is limitless for us.