February 13, 2015
How to obtain a Micro Business Credit Card
The West Bengal Government has successfully launched a Micro Business Credit Card, the first of its kind in India, to facilitate small and medium business entrepreneurs of the State.
Entrepreneurs will now be able to avail cash credit or loan up to Rs 5 lakh for their business activities, even without collateral security. The State Bank of India has extended support to the Government of West Bengal in this venture.
A fund of Rs 200 crore has been set up for facilitation in Bardhaman, Durgapur, Asansol and other places to speed up the clearance process for the business credit cards.