Amazon to provide loans to its e-commerce retailers

• Amazon India has decided to provide collateral-free, working capital loans of up to ₹50 lakhs to their Amazon merchants via their seller's portal.

• Amazon India has come into partnership with InCred to provide loans to their online retailers.

• This move has come after more and more people have started shopping online due to the impacts of the COVID-19 pandemic. As the demand has increased, retailers are unable to match the demands due to financial constraints and restrictions.

• To solve this problem, the e-commerce giant has decided to provide loans in order to reduce their retailers' financial burden.

• Amazon India looks to provide quick, easy, and low-interest working capital loans based on revenues, with minimal documentation and flexible repayment options.