Kinara Capital’s HerVikas Program Marks 5th Year Anniversary with New Benefits Boosting Women Entrepreneurs, India

Kinara Capital, India’s leading fintech company dedicated to promoting financial inclusion for small business entrepreneurs, has announced a significant milestone in its journey. The company is commemorating the 5th Anniversary of its HerVikas program aimed at empowering women-owned MSME startups with a new allocation of INR 500 crores fund. This initiative comes with expanded benefits such as a 1% interest rate discount, a 60-day repayment holiday, a 50% reduction in processing fees, and a lowered business vintage requirement of one month for newly registered businesses in the Manufacturing and Trading sectors. The goal is to provide more women entrepreneurs with access to formal credit, catalyzing their business growth. Since the inception of the HerVikas program, Kinara Capital has disbursed over INR 700 crores to women entrepreneurs, supporting over 5,800 MSMEs across 100+ cities in India and creating over 31,000 jobs. Through these efforts, the program has facilitated a cumulative post-loan net income generation of around INR 187 crores, with women entrepreneurs experiencing an average of 16% increase in their proprietor salary. By introducing a collateral-free business loan approach and leveraging AI/ML technology to ensure unbiased credit decisioning, Kinara Capital is paving the way for greater gender inclusivity and financial empowerment in the MSME sector. The company’s commitment to supporting women entrepreneurs underscores its dedication to driving economic growth and fostering entrepreneurship in India.