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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 ended up being the overwhelming range of the jury within the enterprise that is social for the sheer scale and complexity associated with challenges that the nonbanking finance company (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 states since its inception in 2014.

“It really is difficult to not acknowledge the scale of Samunnati versus the other people right here. It is simply running at a really various scale,” said an associate associated with jury. The panel acknowledged not only exactly exactly exactly what it offers accomplished, but in addition the possibility for development.

The company’s social goals in bridging the credit space through efficient utilization of technology additionally aligns because of the federal government’s monetary addition mandate through various schemes of Digital Asia.

Founder and CEO Anil Kumar, a veteran banker with more than 27 several 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 business owners to go into the company of farming finance, that would cash central be the best acknowledgment for all of us,” he said, including that the marketplace for development and producing meaningful social impact is endless.