Sectors Logistics

Amazon India Announced Special Financial Aid for SME Partners in Logistics

This fund for SMEs in logistics will be available to delivery service partners and select transportation partners in India to help adjust their business model to the "new realities" posed during the lockdown, it said.

SMEStreet Desk

29 Apr 2020 07:18 IST

New Update

The pandemic is giving a major blow to the entire economic cycle. While Government agencies are trying their bit but private organizations like Amazon India are showing great signs of commitment towards the entire ecosystem of the economic cycle. IN a most d=recebnt development, Amazon India has introduced a partner support fund to help the small and medium businesses/enterprises (SMEs) who are heavily reliant on the company.

The company noted in a statement that SMEs across India have been financially impacted due to the nationwide lockdown.

This fund for SMEs in logistics will be available to delivery service partners and select transportation partners in India to help adjust their business model to the "new realities" posed during the lockdown, it said.

"Through the one-time disbursement, the fund will support the partners in multiple ways. This includes enabling them to provide financial aid to close to 40,000 of their staff for the month of April 2020.

Additionally, it will help cover some critical fixed infrastructure costs, and support liquidity and cash flow for these businesses as they resume and scale their operations post lockdown," the company said.

SMEs SMBs Amazon India Logistics