Uber helps driver partners with Rs 35.6 crore micro-loans

Ride-sharing company Uber India said on Thursday that it has handed out nearly ₹75 crore of micro loans and fuel credits to its ‘driver partners’ under its ‘Uber Care’ welfare programme in the first year since its rollout.

Also, through Uber Kifayat (savings), part of Uber Care, as many as 34,000 car servicing packages have been facilitated resulting in an overall savings worth ₹95 lakh (money directly benefiting driver partners).

Launched in 2018, Uber Care provides easy access to micro-loans, life insurance, family health insurance to thousands of drivers.

Of the nearly ₹75 crore micro loans (unsecured loans) and fuel credit (through IOC and Paytm), as much as ₹35.6 crore related to micro-loans through non-banking finance companies (NBFC) partners at the back end. As much as ₹38.7 crore fuel credit has been facilitated.