Kinara Capital to provide `1,100cr to msmes
Financial technology company Kinara Capital has committed Rs 1,100 crore to support the micro, small and medium enterprises (MSMEs) in Tamil Nadu and neighbouring Puducherry during the current financial year, a top official said.
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Chennai: Financial technology company Kinara Capital has committed Rs 1,100 crore to support the micro, small and medium enterprises (MSMEs) in Tamil Nadu and neighbouring Puducherry during the current financial year, a top official said. According to Chief Operating Officer Thirunavukkarasu R, the company disbursed more than Rs 656 crore in Tamil Nadu and Puducherry in FY2023. “With a renewed commitment of Rs 1,100 crore to MSMEs this financial year, we are realising the aspirations of thousands of micro, small and medium enterprises across the state,” he said in a press release on Sunday. Kinara Capital offers business loans to the MSME sectors ranging between Rs 1 lakh to Rs 30 lakh. The company offers various business loan products including long-term and short-term working capital, and asset purchases among others.
