Gaurav Sanas, the owner of Green Mangoes in Pune’s Anand Nagar, is urging the mango lovers to keep on buying their favorite fruit. With increasing inflation, citizens belonging to the middle and lower middle classes are feeling the pinch. To mitigate the impact of inflation on the sale of expensive Devgad Hapus, a fruit seller in Pune has floated the idea of selling the tasty Alphonso on equated monthly instalments (EMIs).
Sanas has installed point-of-sale (POS) machines which allow him to convert the bill amount into three to 18 EMIs on a range of credit cards and some debit cards.
Sanas explained that a box of Devgad Hapus costs about Rs 4,000 (priced at Rs 600 to 1,300 a dozen). A buyer who does not want to pay the amount upfront, can choose to pay that amount in six EMIs of Rs 700, including the cost of the conversion charged by the bank.
[ Rs100 = €1.10 ]
Source: indianexpress.com
