{"id":5363,"date":"2021-11-25T16:24:07","date_gmt":"2021-11-25T10:54:07","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-annapurna-finance-funds\/"},"modified":"2021-11-25T16:24:07","modified_gmt":"2021-11-25T10:54:07","slug":"biz-annapurna-finance-funds","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-annapurna-finance-funds\/","title":{"rendered":"Annapurna Finance raises USD 20 million from Germany-based DEG"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2656754126\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> Mumbai, Nov 25 (PTI) Odisha-based NBFC-MFI Annapurna Finance on Thursday announced an equity investment of USD 20 million (Rs 150 crore) from DEG \u2013 Deutsche Investitions \u2013 und Entwicklungsgesellschaft, a Germany-based development finance institution.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3211312914\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> The fund raised would be channelised to further boost the financial inclusion objectives, thereby getting an increasing number of women borrowers in rural India into the formal financing eco-system, the microlender said in a release.<\/p>\n<p> \u201cFinancial upliftment of the rural population, by making available to them easy access to formal credit continues to be our prime focus at Annapurna. DEG&#8217;s investment would only help us further to meet our goal to provide easy credit access to the unserved rural population in the country,\u201d its Managing Director Gobinda Chandra Pattnaik said in the release.<\/p>\n<p> Post the first wave of Covid-19, DEG would be the second capital investment raised by Annapurna, after attracting USD 30 million investment from Nuveen Global Impact Fund in March 2021.<\/p><div class=\"trade-content_5\" id=\"trade-3310687565\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> The existing investors in Annapurna include Micro Units Development &#038; Refinance Agency Ltd, Oman India Joint Investment Fund, Belgian Investment Organization, SIDBI Venture Capital, DCB Bank, Oikocredit, Women&#8217;s World banking, Nuveen Global Impact Fund India S.\u00e0 r.l, and Bamboo Capital Partners.<\/p>\n<p> As of September 2021, the lender&#8217;s gross loan portfolio stood at Rs 5,128 crore. It has operations in 336 districts across 19 states. PTI HV  SHW SHW<\/p>\n<div class=\"trade-after-content\" id=\"trade-2107051133\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Mumbai, Nov 25 (PTI) Odisha-based NBFC-MFI Annapurna Finance on Thursday announced an equity investment of USD 20 million (Rs 150 crore) from DEG \u2013 Deutsche Investitions \u2013 und Entwicklungsgesellschaft, a Germany-based development finance institution. The fund raised would be channelised to further boost the financial inclusion objectives, thereby getting an increasing number of women borrowers [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-5363","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Annapurna Finance raises USD 20 million from Germany-based DEG - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-annapurna-finance-funds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Annapurna Finance raises USD 20 million from Germany-based DEG\" \/>\n<meta property=\"og:description\" content=\"Mumbai, Nov 25 (PTI) Odisha-based NBFC-MFI Annapurna Finance on Thursday announced an equity investment of USD 20 million (Rs 150 crore) from DEG \u2013 Deutsche Investitions \u2013 und Entwicklungsgesellschaft, a Germany-based development finance institution. 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