Categories

Financial Relief: SanKash’s Rs 100 Cr Interest-Free Disbursement to Travel Agents

Travel fintech firm SanKash declared its intent to disburse ₹100 crore within the next 6-9 months at zero per cent interest rate.

Supported by

Travel fintech firm SanKash declared its intent to disburse ₹100 crore within the next 6-9 months at zero per cent interest rate. This move aims to provide a significant financial boost to travel agents, facilitating their business growth.

Utilizing a plug-n-play API platform, SanKash offers a seamless solution, enabling merchants to integrate a “pay later” button at checkout by leveraging a network of consumer financing providers.

Under the newly launched ‘A no-cost Working Capital program,’ travel agents can access up to ₹50 lakh without the need for collaterals, security, or guarantors. The flexible nature of the program allows agents to allocate the working capital for a range of business requirements, including operational expenses, marketing initiatives, and diversifying service offerings.

SanKash’s Co-founder & CEO, Akash Dahiya, emphasized the importance of a robust travel industry built on collaboration, innovation, and the financial stability of its key stakeholders. “We firmly believe that a thriving travel industry is built on cooperation, innovation, and the financial well-being of its key players, and with this initiative, we are excited to take the industry to new heights,” Dahiya stated.

The company highlighted that travel agents commonly face high-interest costs, often ranging between 18-24 per cent. According to various industry reports, there exist approximately 3 lakh travel agent businesses catering to a diverse range of services, including travel packages, as well as cab and bus booking companies.

SanKash’s recent announcement is expected to significantly alleviate financial burdens for travel agents and fuel further growth within the travel industry.

Also Read: Expanding Horizons: ISRO’s Plan For Additional Gaganyaan Vehicle Mission Tests

https://thelogicalindian.com/h-upload/2023/10/19/500x300_233982-fireflyanimageofadiversegroupoftravelagentsdiscussingbusinessstrategiesandgrowthoppor.webp

Trending

2023-10-19 11:29:45.0

Financial Relief: SanKash’s Rs 100 Cr Interest-Free Disbursement to Travel Agents

#PoweredByYou We bring you news and stories that are worth your attention! Stories that are relevant, reliable, contextual and unbiased. If you read us, watch us, and like what we do, then show us some love! Good journalism is expensive to produce and we have come this far only with your support. Keep encouraging independent media organisations and independent journalists. We always want to remain answerable to you and not to anyone else.

Leave a Reply

Your email address will not be published. Required fields are marked *

Featured

Amplified by

Mahindra

Nation Builders 2024 – Mahindra:  Forging a Resilient Future, Anchoring National Development

Amplified by

Reliance Foundation

How Anant Ambani’s Vantara Initiative Could Revolutionize Animal Safety & Rescue In India

Recent Stories

New Stroke Prevention Guidelines: How Lifestyle Changes Can Save Lives

Debunked: The Real Story Behind the Prayagraj Railway Stone Incident

Bengaluru Pani Puri Vendor Arrested For Using Spoiled Potatoes And Unsafe Water

Contributors

Writer : 
Editor : 
Creatives :