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Can agri-based start-ups transform the rural economy?
Deborah Keller, Can agri-based start-ups transform the rural economy? 04 Jul 2017
Deborah Keller, 04 Jul 2017
Financial Services

Microlender Ujjivan launches hand-held field tech devices to expedite loan process

The project is launched in 282 branches in 16 states.

Bangalore-based Ujjivan Financial Services Pvt Ltd, one of the top-tier microfinance institutions in the country, has rolled out hand-held field technology devices as it seeks to take the loan approval process online and expedite disbursals.

It has collaborated with fin-tech firm Artoo to enable field staff with internet-enabled handheld tablets which run a lending solution.

The project is aimed at providing quick and appropriate loans to its customers, reduce the turnaround time as well as improve efficiency and productivity in disbursing loans.

The project has been launched in 282 branches across 16 states and is expected to handle Rs 3,000 crore of disbursements over three years once it is rolled out in all operating branches of Ujjivan.

"Though this solution has come at a cost, the benefits are already visible. Today, Ujjivan’s individual loan process is as efficient as of any new-age bank," said Samit Ghosh, managing director and CEO at Ujjivan.

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UnLtd India – Call for applications!

UnLtd India – Call for applications!

Calling all aspiring social change-makers to attend an event on “Social Entrepreneurship Insights" and to apply to be UnLtd India Investees by 15th April 2015!

Mirakle Couriers,, Under the Mango Tree, Avanti Fellows, iVote, Hamara Footpath, Toybank…Apart from a mission to create social impact, what do all these organizations have in common? They are all UnLtd India Investees!

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Agriculture Products

IIC seeks recognition, easier financing for social enterprises

Impact Investors Council (IIC), in its representation for Budget 2015, is requesting the Government to help galvanise the impact investment eco-system Read more »

Fidelity Growth Partners India Leads Investment In Greenlight Planet

Fidelity Growth Partners India has invested $10 Mn in clean tech product company, Greenlight Planet. The Series B round also saw the participation from Deutsche Bank and Seattle-based impact investing firm Global Partnerships. Read more »

The Private Sector: India's Next Change

The private sector of the economy is an important component in helping individuals climb out of poverty. In the last 40 years, we have seen dramatic examples of the power of the private sector. China’s recent emergence as a world economic power has helped lift millions of its citizens out of poverty. In order to see the next great reduction in world poverty, India, the second largest country in the world, needs to follow. Read more »

Assam-based Tamul Plates receives follow-on investment from Artha Initiative & Upaya Social Ventures

Investment Will Allow Northeast India’s Leading Producer of Premium All Natural Tableware to Expand Production Capacity, Sales Network Read more »

Unitus Seed Fund announces Speed2Seed, a programme to help Indian startups raise venture money

BANGALORE: Social investor Unitus Seed Fund has launched Speed2Seed, a nationwide program to help early-stage startups raise angel and seed capital in order to grow and realize their potential. Unitus announced that it has signed on 11 business accelerators and incubators including Catalyzer, Khosla Labs, IIM Calcutta, Deshpande Foundation and Startup Oasis as program partners. Read more »

Villgro launches Rs 20-crore incubation fund

PUNE: Impact investment firm Villgro has announced a Rs 20-crore fund targeted at incubating education startups. Read more »

Twitter buys Indian mobile marketing start-up ZipDial

BENGALURU: ZipDial has become the first Indian technology product startup to be bought by Twitter in what is the third such deal led by a global corporation following the acquisitions by Facebook and Yahoo last year. Read more »

Lok Capital aims to raise $45 million fund by June

MUMBAI: Lok Capital, the Rockefeller Foundation-backed impact investor, aims to raise $45 million (about Rs 270 crore) by June as part of the initial close of its third India-focused fund. Lok Fund III, announced a couple of months ago, has a final target corpus of $100 million and expects to raise capital commitments from development financial institutions such as International Finance Corporation (IFC), Proparco and CDC Group Read more »