Live Breaking News & Updates on Arks 4th Year Anniversary Of Its Hervikas Program By Allocating An Additional Rs 400 Crores Disbursement In Fy24 Discounted Business Loans For Women Entrepreneurs The Latest Allocation Brings Total Commitment To Date 700 Solely Dedicated Driving Financial Inclusion From Micro Small Medium Enterprise Msme Sector Kinara Capital Exceeded Previous Goal 300 Fy20 23|Page 1

Bangalore (Karnataka) [India], March 10 (ANI/NewsVoir): Kinara Capital, a fast-growing fintech driving financial inclusion of small business entrepreneurs, marks 4th year anniversary of its HerVikas program by allocating an additional Rs 400 crores disbursement in FY24 in discounted business loans for women entrepreneurs. The latest allocation brings the total commitment to date to Rs 700 crores solely dedicated to driving the financial inclusion of women entrepreneurs from the micro-small-medium enterprise (MSME) sector. Kinara Capital exceeded its previous disbursement goal of Rs 300 crores from FY20-23, with a 38 per cent higher disbursement of Rs 414 crores across 4,305+ HerVikas business loans for women-owned MSMEs. Hardika Shah, Founder & CEO of Kinara Capital, said, "HerVikas has firmly established the importance and the viability of women-centric financial services in India. With approximately 100 crores disbursed each year, we are now doubling down and pledging Rs 400 ....

Andhra Pradesh , Tamil Nadu , Hardika Shah , Bombay Stock Exchange , Kinara Capital , Incremental Income Generation , New Jobs , Food Products , Gender Lens Investing , Kinara App , Systemically Important , Reserve Bank , Bangalore Karnataka India , Arch 10 Ani Newsvoir Kinara Capital , A Fast Growing Fintech Driving Financial Inclusion Of Small Business Entrepreneurs , Arks 4th Year Anniversary Of Its Hervikas Program By Allocating An Additional Rs 400 Crores Disbursement In Fy24 Discounted Business Loans For Women Entrepreneurs The Latest Allocation Brings Total Commitment To Date 700 Solely Dedicated Driving Financial Inclusion From Micro Small Medium Enterprise Msme Sector Kinara Capital Exceeded Previous Goal 300 Fy20 23 , Itha 38 Per Cent Higher Disbursement Of Rs 414 Crores Across 4 , 305 Hervikas Business Loans For Women Owned Msmes Hardika Shah , Ounder Amp Ceo Of Kinara Capital , Uot Hervikas Has Firmly Established The Importance And Viability Of Women Centric Financial Services In India With Approximately 100 Crores Disbursed Each Year , E Are Now Doubling Down And Pledging Rs 400 Crores Disbursement In Fy24 Solely For Msme Women Entrepreneurs This Will Lead To Reaching 10 , 000 Hervikas Discounted Business Loans By Next Year Entrepreneurship Isa Powerful Way To Aim For Gender Parity The Financial Independence Of Women Immediately Gives Them Agency And Leads Betterment Families Communities Entrepreneurs Can Rapidly Drive Economic Social Change Are Critical India 39s Ambition Becominga Usd 5 Trillion Economy Quot Since Program Was Initiated In Fy20 , He Impact Of The Hervikas Business Loans Has Led To Over Rs 125 Crores In Incremental Income Generation For Women Entrepreneurs And 32 , 680 Jobs Supported In Local Economies Of These , 535 Are New Jobs Created With 20 Per Cent Of These Going To Women Workers And 61 The First Time Wage Earners About 70 From Msme Sub Sectors Food Products , Extiles And Fashion Clothing The Highest Number Of Hervikas Business Owners Are From Tamil Nadu Top Sub Sector Is Businesses In Trading Impact Www Youtube Com Watchv Dmjhucwg18g Kinara Capital Furthering Its Mission Financial Inclusion Witha Gender Lens Investing Gli Approach Program Was Initiated To Empower Women Entrepreneurs Automatic Discount Just One Part Solution Has Addressed Topmost Hurdle For By Providing Collateral Free Credit Available Rs 1 Lakh 30 Lakhs Within 24 Hours With Multilingual Mykinara App ,