new Delhi : The condition of the economy is bad due to Corona Pandemic and in the worst case there are small traders. MasterCard has now announced financial assistance to help similar small traders of India to get out of the crisis. MasterCard announced Financial Stimulous Package worth Rs 250 crore
MasterCard will provide loans to merchants under this step and at the same time encourage them to make digital payments and many steps will be taken for this. This MasterCard initiative of confederation of all India traders (CAIT) Is based on their years of partnership together.
Will help small traders to increase trade –MasterCard’s Division Head in South Asia, Paurush Singh said that MasterCard MasterCard will help small businesses to grow in India with the help of its network knowledge technology and its contacts to run the business by providing financial support to small traders and entrepreneurs. Capacity will be increased. Along with this, digital technology will be of great help to the merchant in giving better convenience to their customers and following the law and regulations properly.
Attention will be given to these things – MasterCard will undertake a number of initiatives to help these merchants, providing loans to small traders and owners of grocery stores easily, as well as helping to increase their awareness of digital payments. A target has been set. How to make low cost solutions available to online and offline businesses will also be worked in this direction.
It is to be noted here that CAT (CAIT) has taken many steps in the last year to promote digital payment among merchants across the country. CAT has launched a national cashless campaign in association with MasterCard. Under which one of the country’s merchants was targeted to accept digital payments. Due to the efforts of both the organizations, to date 35% small traders were successful in connecting this campaign.