The crisis in the gig economy: Fintech startup Bon Credit throws a funding lifeline to thousands
BCCL
A recruitment camp at the Pandit Deendayal Upadhyay Rozgar Melava 2019 for 10th and 12th standard pass-outs and ITI diploma holder youths at the Maulana Abdul Kalam Azad Research Centre in Aurangabad.
Synopsis
The gig economy has a vast, growing footprint in India. It’s creating jobs for millions, but working capital is still a big stumbling block for most gig workers. A fintech startup, Bon Credit, is fighting it out with a nifty business model.
A resident of Etawah in Uttar Pradesh, Satyapal Singh migrated to Noida in 2008 to provide for his family. After sundry jobs for a few years, he became a driver for a manufacturing company in 2016, earning close to INR10,000 a week. While it was much better than his earlier shop-floor job, income was patchy, making it difficult for Singh to fund his daily petrol costs. Vinayak Nadiger, who owns and operates 30 radio taxis in Bengaluru today, has
Refer & Earn
Get Unlimited Access to The Economic Times
