BlackBuck waives off commission; sets up Rs 50 crore fund for truckers

April 29, 2020: The online trucking platform, BlackBuck has completely waived off commission from truckers to encourage resume operations, set up a Rs 50 crore relief fund with direct money transfer facility and is also offering free trip insurance up to Rs 50,000.

The ‘Move India’ initiative, as it is called, aims to enable over 5,00,000 fleet owners, with over 10 lakh trucks, to discover demand and get access to services including FASTag, GPS and fuel cards. The waiving off commission will lead to an added incentive of Rs 2,000 to 3,000 for fleet owners on every trip they undertake.

“For several large fleet owners, the added incentive alone will run into lakhs, encouraging them to start full-fledged operations. Not only that, in its effort to bring the entire logistics industry back on track, the company has also decided to extend its platform and commission waiver to small-time transporters, mandi sellers and distributors who are currently not a part of the BlackBuck platform. The company will extend the zero-commission benefit to over 20,000 such transporters and sellers via a one call booking helpline over the next 1 month,” says the release.

Covid-19 relief fund
BlackBuck has also has established a Rs 50 crore relief fund for its driver-partners who may contract Covid-19 in the line of duty. It will offer a relief package of Rs 50,000 in the form of Direct Money Transfer (DMTs) to the affected truck drivers. The company has opened a free helpline for the affected drivers to reach out to BlackBuck.

Free insurance
“In addition to this, on every trip undertaken, the company will offer free trip insurance inclusive of hospitalisation expenses of up to 50,000 for its drivers in case any of accident and a term cover of Rs three lakh for the driver families in case of unfortunate demise or permanent disability,” says the release.

Rajesh Yabaji, cofounder and CEO, BlackBuck said, “With the government restoring the truck movement, the main objective of “Move India” campaign is to bring trucks back on the road, through incentivizing the fleet owners and providing protection to our driver community. After almost 2 months of lockdown, nothing is more important for our economy than the immediate revival of the logistics sector, which will help the country through the harvest season, move the needed essentials, and make India bounce-back to its growth path!”