Jai Kisan Secures NBFC License to Expand Rural Credit Offerings

- Jai Kisan has acquired an NBFC license through its strategic acquisition of Kushal Finnovation Capital Private Limited. - The license will enable Jai Kisan to design and distribute more customized credit products to farmers and business customers. - The firm plans to co-lend with leading financial institutions, including public sector banks in India. - Founded in 2017, Jai Kisan offers credit for rural commerce transactions and partners with various stakeholders in the agriculture value chain. - Jai Kisan has facilitated disbursals of over Rs 6,000 crore since inception, with Rs 3,000 crore in FY24 alone. Source: [Entrackr](https://entrackr.com/2024/08/jai-kisan-acquires-majority-stake-in-kushal-finnovation-gets-nbfc-license/)