NEW DELHI: On-line meals supply platform Swiggy on Tuesday mentioned that within the final 12 months, it has facilitated the disbursement of loans price Rs 102 crore, of which Rs 10.1 crore was disbursed in November alone.
Swiggy has partnered with Betterplace and Refyne to allow such loans.
There isn’t a restrict to the variety of loans supply companions can apply for, offered they preserve an excellent compensation historical past. This has enabled supply companions to take loans as much as 3 times on common throughout their tenure with the platform, the corporate mentioned.
“Our loans initiative is not only a programme, it is one other method of searching for our supply companions. Private emergencies, wants, and aspirations typically want fast entry to funds. We’re glad that our supply companions belief Swiggy for having their backs” Mihir Shah, Head of Operations, at Swiggy, mentioned in an announcement.
Swiggy has just lately launched the Hospicash coverage in partnership with Reliance Common Insurance coverage.
This coverage presents protection to the supply companion in conditions similar to demise, partial or short-term incapacity and hospitalisation.
The premium for this coverage is ready at a minimal 1 per cent of the mortgage quantity.
Swiggy additionally presents complete assist to teach and create consciousness amongst its supply companions in regards to the Hospicash coverage and the mortgage software course of.
New mortgage candidates obtain steerage via informative messages, mortgage affirmation, and doc assist. The corporate additionally plans to teach these with reservations about loans.
Moreover, a devoted Central Insurance coverage staff alongside the Mortgage service and Insurance coverage customer support staff is offered to deal with issues or complaints, Swiggy talked about.
