Flipkart Onboards 90 Percent Sellers Again
E-commerce platform Flipkart said on Saturday that it has allowed more than 90 per cent of its vendors to resume operations at its marketplace. The company said in a statement that the new seller registration of Flipkart has increased by 125 per cent in the April-June period. This includes a large number of micro, small and medium industries (MSMEs).
New MSMEs On Its Platform
According to the company, MSMEs from Uttar Pradesh, Maharashtra, West Bengal, Delhi and Tamil Nadu have shown more interest in doing their business online. These MSMEs operate in a range of categories including women’s apparel, personal care, food and nutrition, home improvement tools and young children’s products.
Flipkart has said that MSME registration will help the artisans and small businessmen of the country increase their operational efficiency and they will be able to do their work with strong market penetration. E-commerce provides livelihood opportunities to these traders.
Growth Capital Program For MSMEs
The biggest need of the vendor community at this time is Working Capital. To fulfil this requirement, Flipkart is running a special loan offer called Growth Capital Program. This program is designed for online operating MSMEs. According to Flipkart, most sellers doing transactions can avail credit at affordable rates through this program. Under this program, the loan is approved in a day and the amount is paid within 48 hours.
Under the Growth Capital Program, a three-month moratorium facility has been provided to the Sellers who already availed the loan before the nationwide lockdown. In addition, sellers who have taken additional loan during the period of nationwide lockdown, have been given the facility of the moratorium of six months.
The company has expanded its premium services for sellers in view of the nationwide lockdown so that their investment does not go waste. Under the Flipkart Samarth program, the company has so far supported more than five lakh artisans, weavers and micro-enterprises in earning livelihoods.