With its idea of value-chain financing, Samunnati raises the scale of rural entrepreneurs
In a way, life has come a full circle for 42-year-old SG Anil Kumar. He started his career as a banker, with Canara Bank in a small village near Kurnool in Andhra Pradesh. He did varied tasks in the three-and-a-half years that he spent in that branch and he credits his branch manager for teaching him “everything that qualifies as rural banking.”
It is this knowledge of rural banking and understanding the financing needs of the rural people that Anil Kumar is putting to good use in his financial venture – Samunnati Financial Intermediation & Services Pvt Ltd – that seeks to intermediate and meet the requirements of money of villagers. The venture is all set to kick off in Tiruvannamalai in Tamil Nadu.........Read More
Source: Business Line
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