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