"Fintech Startup Jai Kisan Wins NBFC Licence and Targets Loan Distribution and Co-Lending.

Banking & Finance

Rural-focused fintech startup Jai Kisan has obtained a non-banking finance company (NBFC) licence following its acquisition of a majority stake in Kushal Finnovation Capital, an NBFC specialising in supply chain financing. Arjun Ahluwalia, cofounder and chief executive officer of Jai Kisan is a non-executive director of Kushal Finnovation Capital. With this new NBFC licence, Jai Kisan can now offer customised financial products including loans from its own portfolio. The company will also be able to enter into co-lending partnerships with financial institutions, including public sector banks in India.


      Jai Kisan plans to leverage the licence for enhanced loan distribution and co-lending activities.

      With the NBFC licence, Jai Kisan aims to offer more comprehensive financial services and improve access to credit in rural communities.

     

 

     


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