HomeStartupSwiggy distributed Rs 102 crore in loans to its delivery partners in...

Swiggy distributed Rs 102 crore in loans to its delivery partners in the last 12 months

Published on

spot_img
Swiggy facilitated disbursement of Rs 102 crore in loans to its delivery  partners in the last 12 months
  1. Swiggy facilitated loans totaling Rs 102 crore for its delivery partners in the past year, with Rs 10.1 crore disbursed in November alone.
  2. The company has partnerships with Betterplace and Refyne to streamline the loan process, allowing delivery partners to apply for multiple loans based on their repayment history.
  3. Swiggy introduced the Hospicash policy in collaboration with Reliance General Insurance, covering scenarios like death, disability, and hospitalization. The premium for the policy is set at 1% of the loan amount.
  4. The Hospicash policy serves as a safety net, ensuring that in case of an incident, the financial responsibility of repaying the loan doesn’t fall on the delivery partner or their family.
  5. Swiggy provides guidance to loan applicants through informative messages, loan confirmation, and document support. Additionally, it has dedicated customer service teams to address concerns and ensure a supportive environment for its delivery partners.
SourceYourStory

Latest articles

Paytm users may take up to 6 months to shift to other service providers

Paytm is looking to migrate all existing customers to another payment service provider (PSP)...

Amazon Prepping Up For Budget-Friendly, Unbranded Fashion Route To Take On Meesho

Amazon has launched a new store called Bazaar on its platform, allowing sellers to...

Aakash Education post Rs 330 crore profit in FY23

Aakash Education, owned by BYJU’S, recorded a profit of INR 330 crore in FY23,...

AI Model Backed by Mukesh Ambani to Launch in March

A consortium backed by Mukesh Ambani’s Reliance Industries Ltd. and India’s top engineering schools...

More like this

Paytm users may take up to 6 months to shift to other service providers

Paytm is looking to migrate all existing customers to another payment service provider (PSP)...

Amazon Prepping Up For Budget-Friendly, Unbranded Fashion Route To Take On Meesho

Amazon has launched a new store called Bazaar on its platform, allowing sellers to...

Aakash Education post Rs 330 crore profit in FY23

Aakash Education, owned by BYJU’S, recorded a profit of INR 330 crore in FY23,...