Mastercard commits Rs 250 cr to support SMEs in India

New Delhi: Mastercard on Thursday committed Rs 250 crore to help Indian small and business enterprises recover in view of the severe impact of the pandemic.

"Their dependence on the cash economy and supply chain disruptions have made India's small and medium businesses amongst the hardest hit from the COVID-19 pandemic," Mastercard said in a statement. As part of this commitment, the company will roll out multiple initiatives to help small businesses by growing digital payments awareness and providing low-cost acceptance solutions, both online and offline.

Further, it will drive inclusive growth by enabling small merchants and kirana stores with access to credit, knowledge and tools that will drive operational efficiencies, it said, adding that under the programme, the company will also empower women entrepreneurs by increasing their business acumen. (IANS)

Also Watch: #NewsMakers: Aabhijeet Sharma, President, APW in an Exclusive Chat with Oineetom Ojah