![SIDBI & Onionlife Partners to Provide Micro-Loans to Gig Workers SIDBI & Onionlife Partners to Provide Micro-Loans to Gig Workers](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg3MBQSyrsnfsIBbdtsm3v8KBpDPGuM8fbGFGK0PfW9ISJU_S2afSgohqXV7FCi30wM1IrE4cw8NdwsdNqPelSo0KbV6PcU_QH4SrMYC1lZgKraA_Jt2e8ZJyMOalHfjJq8oKA2pYGSgWKa8o5hwxXOGUJB4Dwk0w4UAuScuaqCY_pkZK9HsUT7tflTwgn1/w320-h192-rw/Copy%20of%20Copy%20of%20Copy%20of%20Copy%20of%20Copy%20of%20Untitled%20(500%20%C3%97%20300%20px)%20(500%20%C3%97%20280%20px)%20(500%20x%20300%20px)%20(12).png)
- This initiative is aimed at increasing their access to formal institutional finance.
- KarmaLife will enable gig workers to access micro loans through a mobile app, eliminating the need for extensive paperwork or physical documentation.
- This streamlined process is expected to make it easier for gig workers to manage the liquidity needs of their enterprise activities.
- SIDBI’s Chairman and Managing Director, S Ramann, stated that this partnership with Onion Life will help them understand and assist the new and emerging enterprise class of gig workers.
- The pilot will also aid in developing an institutional mechanism for assessing the credit risk of this segment.
- With the gig economy rapidly growing in India, there is a pressing need to provide affordable and accessible financial support to non-salaried gig workers who provide their services through gig platform aggregators for livelihood.
Question:
Q.1 Who has SIDBI partnered with for a pilot project to provide small enterprise loans to gig workers?a. OnionLife Private Ltd
b. KarmaLife
c. Gig Economy Ltd
d. S Ramann