Credit card scheme soon for MSMEs

Credit card scheme soon for MSMEs

New Delhi: The government is giving the final shape to a Merchant Credit Card (MCC) Scheme for traders and a Vyapar Credit Card (VCC) for microunits, in a move aimed at giving them further credit support, officials in the know said. While the VCC may offer an interest-free credit period of up to 50 days … Read more

Parliamentary panel for providing credit card to MSME entrepreneurs

Parliamentary panel for providing credit card to MSME entrepreneurs

The Parliamentary standing committee on finance has pitched for providing a credit card to MSME entrepreneurs on the lines of Kisan credit cards, putting in place a mechanism for payment scores and a significant ramp up of SIDBI to ensure access to regular credit to small businesses. Former minister of state for finance and chairman … Read more