Snapdeal to disburse loans worth Rs1,000 cr to SMEs
Updated: Oct 07, 2015 03:01:44pm
At the launched of a report ‘Impact of e-commerce on SMEs in India’ here on Tuesday, Co-founder and chief executive, Snapdeal, Kunal Bahl said the company has already provided loans worth Rs 200 crore in order to help sellers meet their working capital requirements.
The aim is to provide sellers on its platform access to funding to meet their working capital needs, among others, as they look to expand their businesses. Sellers with less than one year of business can also be financed under this programme.
Bahl said that the company have taken a number of initiatives like seller training programmes, seller financing programmes - capital assist and Snapdeal seller advisor programme.
(KNN Bureau)