NABARD fund makes first investment in fintech startup Jai Kisan

Rural Fintech startup Jai Kisan raises Rs 30 cr from NABARD-backed fund, the investment arm of agriculture and rural development institution Nabard, the pre-Series A round led by Arkam Ventures, along with existing investors Blume Ventures, Prophetic Ventures & Better Capital, where The Chatterjee Group (TCG), Rajiv Sahney of New Vernon Capital LLC & Sanjay Mariwala of OmniActive Health Technologies also participated

In the last six months, Jai Kisan claims to have disbursed over Rs 50 crore in working capital loans to more than 5500 farmers across various income groups from 10 states at an interest rates between 16%-18%

Jai Kisan has also been disbursing close to Rs 8 -12 crore in credit on a monthly basis, with average ticket sizes ranging from Rs 50,000 to Rs 1 lakh.

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