E-commerce company Flipkart’s digital B2B (Business to Business) marketplace Flipkart Wholesale has announced a new loan scheme on Tuesday.
E-commerce company Flipkart’s digital B2B (Business to Business) marketplace Flipkart Wholesale has announced a new loan scheme on Tuesday. This scheme will help the kirana shops to meet their working capital requirements and increase their business.
The company said in a statement that Flipkart Wholesale’s loan offering includes ‘Easy Credit’ in partnership with IDFC FIRST Bank and is aimed at solving local grocery problems in the country. initiatives are in line.
14 Days Interest Free Loan
Kirana shops can avail zero cost loans through end-to-end digital onboarding in partnership with IDFC First Bank and other financial technology institutions. Under this scheme, a loan of Rs 5,000 to Rs 2 lakh will be given under an interest free period of up to 14 days.
These people will benefit
Flipkart senior vice president and chief ideal Menon wholesale, said the company’s main goal is the grocery and make it easier for businesses to retailers and promote travel to their growth. “We believe that our new loan scheme is designed to address the local challenges that kirana shops in India face.
There are more than 3 lakh shoppers on Flipkart,
Walmart, one of America’s largest retail companies, bought a majority stake in Flipkart three years ago. Walmart has also participated in this round of funding. Flipkart said that it has more than 350 million registered users across the country. Apart from this, there are more than three lakh sellers on Flipkart’s marketplace. Of these, 60 per cent sellers are from Tier-2 and below cities.
