The e-commerce giant, owned by American company Wallmart, has over 350 million registered users across the country. Not only this, the company has more than three lakh sellers on its marketplace.
Flipkart Wholesale, the digital B2B (business to business) marketplace of Flipkart, one of the most popular e-commerce company in India, on Tuesday announced a new loan scheme. This scheme will work to give loans to the people who run the business and take it forward. Those running special grocery stores will benefit from this. For this, the company has partnered with IDFC First Bank.
Flipkart told through a press statement on Tuesday that the new Easy Credit loan scheme of the company’s B2B marketplace Flipkart Wholesale will help people to pursue their business. The loan scheme of Flipkart Wholesale has started under partnership with IDFC FIRST Bank. Under this scheme, kirana shops can avail zero cost loans offered by IDFC First Bank and other fintech institutions through end-to-end digital onboarding.
People taking the scheme will be given a loan of Rs 5,000 to Rs 2 lakh under an interest free period of up to 14 days, which means that you will not have to pay interest for the next 14 days from the start of the loan.
Adarsh Menon, Senior Vice President and Head, Flipkart Wholesale, said that the company’s main goal is to facilitate and promote ease of doing business for kiranas and retailers. The company believes that this Flipkart Easy Credit loan scheme will solve the local challenges that kirana shops in India face.
The e-commerce giant owned by American company Wallmart has over 350 million registered users across the country. Not only this, the company has more than three lakh sellers on its marketplace.
