Ola Cabs announces interest-free micro-credit for driver partners to get instant cash

MUMBAI: Ola Cabs on Tuesday announced the launch of ‘Sahyog’, an interest-free micro-credit which will help driver-partners and their families get instant access to instant cash in their bank accounts.
This unique offering is tailor-made for Ola driver-partners and will help address immediate liquidity needs of over a lakh families driver-partners and their families pan India.This move follows Ola’s multiple initiatives focused on the well-being and economic upliftment of the driver community, who have been one of the worst hit due to the Covid-19 pandemic.
In his tweet Ola CEO and co-founder Bhavish Aggarwal said: "Along with #IndiaFightsCorona, hundreds of thousands of families of our driver-partners are fighting another battle- that of a liquidity crunch. To help them through these times, we're launching Ola Sahyog, an interest-free micro-credit for @Olacabs drivers and their families. This will give them instant cash into their accounts for their immediate household expenses, on a weekly basis that will be set off against their future earnings."

Aggarwal will forgo one year’s salary to support the drivers who are without daily income.