National and Regional Distributors should provide 30 days extra credit: CDAN

National and Regional Distributors should provide 30 days extra credit: CDAN

By Deepak Bommisetty, President, CDAN (Computer Dealers Association of Nellore)

It is not at all a pleasant experience to write guidelines in reference to Pandemic situation which has occurred in our Nation and all across the World. As we all know, whole world has been affected badly and everybody is struggling to cope up the situation. With all the experience learned from other Countries our Honorable PM has given, the best advice of Social- Distancing and to be at home, to be Safe. We should all follow the same strictly, not only for Our Selves but for the Society. In such a situation, our Whole Channel Fraternity is locked at home, they are not able to open Shops, No business is happening, Payment Collection is badly affected and whole Cycle is blocked.

We have closely observed similar situation of other District & states, and action taken by our National Counter-part
Associations. We would like to circulate below guidelines, to be followed with immediate effect.

1. All the National Distributors(ND’s), Regional Distributors(RD’s), Vendors are requested to provide 30 days extra Credit for all the payments falling due on 25th March and 30 days onwards.

2. No interest, Delay payment charges, Bouncing Charges to be charged for the period of lockdown.

3. All the Monthly/Quarterly targets, Incentive Programs to be extended till 30th June 2020. So that Partner gets enough opportunity to qualify Slabs.

At the same time, CDAN would like to advice all our Members/Dealers to try and give maximum support to ND’S/RD’s/Vendor’s on the payment front and avoid intentional delays. Nobody should take immoral advantage of the situation.

This is a Crisis Situation and we have to co-operate each other to the best of abilities. We shall keep watching situations & will be sharing guidelines time to time for the betterment of Business & Businessmen. Again requesting everyone to Help each other in Pandemic Situation, and help humanity to Win the battle and be Victorious.