This card will allow small and medium entrepreneurs to avail the collateral free cash or credit loan of upto Rs 5 lakh to scale up the business.
West Bengal Chief Minister Mamata Banerjee has introduced a Micro Business Credit Card to facilitate small and medium business entrepreneurs in the state.
"We must concentrate on small things. Small grows into big. We must take care of the small. No one becomes a big industrialist in a day," Banerjee said.
"Business credit cards are being given so that even farmers can start businesses," she said.
This card will allow small and medium entrepreneurs to avail the collateral free cash or credit loan of upto Rs 5 lakh to scale up the business.
She also said that a fund of Rs 200 crore had been created for the purpose and a simplified clearance process chalked out.
"We will start facilitation and clearance centres in Bardhaman, Durgapur, Asansol and other places to expedite the clearance process," she said.
"We have given Kisan Credit Cards to 65 lakh people in three years. Nearly 3.2 crore people out of 9 crore in the state get rice at Rs 2 per kilogram. It is my duty to help the people to progress." she added.
SBI Chief General Manager Prashant Kumar, said, "The scheme had been taken up by them as a pilot project and added "on its success we will introduce it in other states. We thank the state government for taking such an initiative."
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