Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<keyword id="2573068" type="General" weightage="100" keywordseo="kinara-capital" source="Orion">Kinara Capital</keyword>, which offers unsecured business loans for MSMEs, on Friday said it has raised Rs 200 crore led by British International Investment (BII), the UK's development finance institution and impact investor. Existing equity investors <keyword id="4657434" type="General" weightage="50" keywordseo="nuveen" source="Orion">Nuveen</keyword> and the ASN Microkredietfonds advised by Triple Jump also participated in the funding round. With this funding, <keyword id="1280640" type="General" weightage="80" keywordseo="kinara" source="Orion">Kinara</keyword> Capital aims to grow 5 times by 2025 and reach an asset under management (AUM) of Rs 6,000 crore. "The combined expertise and capital infusion from BII, Nuveen and Triple Jump, will expand Kinara Capital's offerings to meet the rising demand of the MSME sector in India. With this support, we, at Kinara Capital, are further motivated to deliver on our mission of financial inclusion," said Hardika Shah, Founder and CEO of Kinara Capital. More than 300 MSME sub-sectors across manufacturing, trading and services sectors can digitally avail 'myKinara' collateral-free business loans in the range of Rs 1-30 lakh. Kinara Capital plans to reach over 2,00,000 MSMEs across more than 100 cities in the next three years. The social impact of this growth is expected to support over 1 million jobs in local economies and generate over Rs 3,000 crore in incremental income for small business entrepreneurs, said the company. "Women-led fintech company Kinara champions female empowerment and provides easier access to capital for small entrepreneurs across India. The British Government is proud to support the company through BII's investment," said Alex Ellis, British High Commissioner to India. Kinara Capital's other main equity investors include Gaja Capital, GAWA Capital, Michael &amp; <keyword id="867407" type="General" weightage="50" keywordseo="susan-dell-foundation" source="Orion">Susan Dell Foundation</keyword> (MSDF), and Patamar Capital. "We are happy to participate in this round of investment for Kinara Capital which we consider to be at the forefront of driving financial inclusion with its digital processes combined with a personalised approach," said <keyword id="15370820" type="General" weightage="50" keywordseo="rekha-unnithan" source="Orion">Rekha Unnithan</keyword>, Managing Director and Co-Head of Private Impact Investing, Nuveen. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/ttk-healthcare-logs-rs-7-91-cr-net-shares-flares-up/articleshow/95142324.cms">TTK Healthcare logs Rs 7.91 cr net, shares flares up</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/global-health-that-operates-medanta-hospitals-to-open-its-2205-cr-on-november-3/articleshow/95142371.cms">Global Health that operates Medanta Hospitals to open its ₹2,205 cr on November 3</a>

Women-led Kinara Capital raises Rs 200 cr to empower MSMEs in India

The <keyword id="4106334" type="General" weightage="20" keywordseo="msme-exchange" source="Orion">MSME Exchange</keyword> 3.0 is just around the corner and it promises to be bigger and better, reinforcing the significance of <keyword id="6358354" type="General" weightage="20" keywordseo="msme" source="Orion">MSME</keyword>s in our society and how they are the driving force behind our economy. Let's get on to what you can anticipate from Day 1 of the MSME Exchange without further ado. At 4:30 pm, the opening remarks on policies that support MSME growth and ease of doing business will take place. Sivasubramanian Ramanan, Chairman and Managing Director of SIDBI, will share insights on how small enterprises help the Indian economy expand. We put the focus on the policy effort to promote ease of doing business by supplying quicker loan outlets and programmes to boost the MSME sector. And perhaps even more crucially, the necessity to digitise the loan process in order to strengthen the ecosystem and remove obstacles. Following this strong start, Sameer Jain will deliver the keynote address. He will discuss how important it is to support MSME growth for the $5 trillion economy. He is the CEO and founder of Net Solutions Head and the Nasscom SME Council's SME Council. Don't miss the panel discussion at 4:50 p.m. IST if you're an entrepreneur eager to discover how to scale your business. Rahul Kothari, CBO at Razorpay, Lakshminarayan Swaminathan, CXO of Meesho's Supply Growth, and Kapil Thirani, Senior Director at Flipkart are on the panel and they discuss the social e-commerce revolution and how technology will help Indian SMEs become global success stories. We also shine the spotlight on India's solopreneurs, one such company is ChakiPeesing. The co-founder of ChakiPeesing, Rajeev Khera, will get candid about how his company used technology and digital channels to grow from 100 clients to over 5,000 in the NCR region in just two years. [Register here: <a href="https://www.businessinsider.in/msme-exchange-2023">https://www.businessinsider.in/msme-exchange-2023</a>] And from there, things only get better. Next up we have a panel discussion with leading women at 5:30 pm IST. Tune in because you'll get to hear about the success stories of women overcoming barriers in entrepreneurship across many industries. Our panelists are Kanika Tekriwal, founder and CEO of Jetsetgo Aviation, Naiyya Saggi, co-founder of the Good Glamm Group and founder &amp; CEO of Babychakra, and Hardika Shah, founder and CEO of Kinara Capital. These women have worked arduously to establish new growth trajectories, and comprehend what motivates people's passions, and the difficulties they encounter. They will elaborate on ways even to bridge these gaps. Don’t miss out! You can then tune in for a entrepreneurship 101 session with Ankur Warikoo, an educator, and content creator, at 6:10 p.m. IST. To add to that, we have Bharat Sethi Rage Coffee's CEO and Founder share his thoughts on creating a long-lasting brand and his learnings along the way. We're almost closing but only after we discuss why we are all here in the first place--to understand the future of SMEs. The pandemic underscored the importance of small businesses embracing digital transformation in order to not only survive but thrive in today's environment. We will have Archana Vohra, Director of Small and Medium Business India, and Meta deliver the closing remarks on how to keep pace with a dynamic and evolving marketplace and Meta’s role in driving entrepreneurship. If you don’t want to miss out on any of this action, register now on this link: <a href="https://www.businessinsider.in/msme-exchange-2023">https://www.businessinsider.in/msme-exchange-2023</a>

We're almost there! Here's what to expect from Day 1 of The MSME Exchange 3.0

<ul><li>Public sector banks will be given ₹70,000 crore capital to boost credit growth in the country. </li><li>Government will start raising a part of its borrowings in external markets. </li><li>One-time six month partial guarantee will be given for loans to high-rated pooled assets of financially sound NBFCs amount to ₹1,00,000 crore. </li></ul>The Finance Minister today gave a shot in the arm for public sector banks. They will be given ₹70,000 crore capital to boost credit growth in the country, which has been slow for the last few years. Added to that, the government will take some of its own loans away from Indian banks. The country’s biggest borrower is the government and banks love to lend them because of security. Now, this will change as the government will raise money internationally. “India’s sovereign external debt to GDP is among the lowest globally at less than 5%. The Government would start raising a part of its gross borrowing programme in external markets in external currencies. This will also have a beneficial impact on demand situation for the government securities in the domestic market,” the Finance Minister Nirmala Sitharaman said in the Budget speech on Friday. Gains from ‘Cleaning’ The stress in the banking sector and overall liquidity has been eased by other measures as well. The Finance Minister also said that the banking system has gained from ‘cleaning’ of the system. "NPAs of commercial banks have reduced by over ₹1,00,000 crore over the last year, record recovery of over ₹4,00,000 crore due to Insolvency and Bankruptcy Code and other measures has been affected over the last four years,” said Sitharaman. Helping NBFCs She also directed banks to not turn unduly risk averse of lending to non-banking financial companies (NBFCs). Banks have steering clear of any lending to them after IL&amp;FS defaulted on payments to them, dragging down as many as eight banks with them. Ever since, the funding pipe for NBFCs has died up. “NBFCs are playing an extremely important role in sustaining consumption demand as well as capital formation in small and medium industrial segment,” she said. The government is also walking the talk. It will provide a one-time six month partial guarantee to public sector banks (PSBs) for the first loss of up to 10%, for high-rated pooled assets of financially sound NBFCs amount to ₹1,00,000 crore. “Since the liquidity crisis, the banks have become more conservative and were wary of lending to NBFCs or providing interest rate reductions. Enhancing credit guarantee for portfolio purchases will definitely improve the flow of funds to healthy NBFCs with a good quality asset pool,” said Hardika Shah, Founder of Kinara Capital. SEE ALSO <a href="https://www.businessinsider.in/ilfs-management-had-deviously-bulldozed-rating-agencies-leading-to-the-scam/articleshow/70066909.cms">IL&amp;FS management had 'deviously' bulldozed rating agencies leading to the scam</a> <h1 style="line-height:1.44;margin-top:0pt;margin-bottom:8pt;border-bottom:solid #eeeeee 0.75pt;background-color:#ffffff;padding:0pt 0pt 15pt 0pt;"> </h1>

You Searched For "kinara capital" and got 3 results

Women-led Kinara Capital raises Rs 200 cr to empower MSMEs in India

IANS

We're almost there! Here's what to expect from Day 1 of The MSME Exchange 3.0

BI India Bureau

Indian banks will now have more cash to lend for more reasons than one

Katya Naidu

Popular Keywords

Buying Guides