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Facebook offers USD 4.3 mln grant to SMEs across India

Wednesday 16 September 2020 11:18 CET | News

Facebook has announced a grant of USD 4.3 mln for more than 3,000 small businesses across India.

The grant includes both cash and credits, with cash constituting a larger share. The Grant program is open to small businesses from all industries and verticals, and companies do not need to have a Facebook family of apps presence to apply.

Small businesses are a big priority for Facebook. Every month, 180 million small businesses globally use the Facebook family of apps to reach potential customers and build their business.

The State of the SMB Survey also revealed that 41% of operational SMBs on Facebook India reported that at least a quarter of their sales are made digitally. More than half of operational SMBs on Facebook India also said that they feel optimistic about the future of their business.

To help small businesses impacted by Covid-19, Facebook and Instagram have also launched capabilities for businesses to drive the discovery and sale of gift cards.


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Keywords: Facebook India, funding, SMBs, COVID-19
Categories: Payments & Commerce | Payments General
Countries: India
This article is part of category

Payments & Commerce