Annapurna Finance Private Limited

Women in India often have limited access to banking services and financing. Annapurna Finance has therefore set itself the goal of providing financial support to low-income female entrepreneurs who are excluded from established financial services, in order to improve their households' livelihoods and promote an economically productive environment. With the help of microloans, Annapurna Finance enables, for example, the purchase of agricultural seeds, equipment, livestock, as well as the establishment of shops or craft businesses. Annapurna Finance also grants loans to existing micro, small and medium-sized enterprises (MSMEs). In addition, Annapurna Finance provides financing in the ‘green finance’ sector, e.g. for roof top solar loans (installation of solar panels) for MSMEs, EV 3 wheeler loan, and to improve the water and sanitation infrastructure.

OeEB’s credit line is intended to support Annapurna Finance in expanding its business activities and subsequently opening new branches, particularly in rural areas. This will not only contribute to strengthening the private sector and reducing poverty in India, but above all to gender equality in one of the regions with the highest gender gap in the world.