Anilkumar SG. Founder & CEO | Samunnati
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 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 tech and finance, has disbursed loans 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 acknowledge the scale of Samunnati versus the other people right here. It is simply running at a tremendously various scale,вЂќ said a part associated with the jury. The panel acknowledged not merely exactly exactly what it offers accomplished, but additionally the possibility for development.
The business’s social goals in bridging the credit space through efficient utilization of technology also aligns because of 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 several years of experience, said the NBFC has followed an approach that is growth-oriented enable the agriculture community.
“If this recognition for Samunnati inspires a generation of young entrepreneurs to enter the company of farming finance, that could be the best acknowledgment for all of us,вЂќ he said, including that the market for development and producing significant social effect is endless.