2015-02-12

West Bengal SMEs get Micro Business Credit Card

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 SMEs get Micro Business Credit Card

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."

Related opportunities
  • WTF is a pioneering fitness brand in India, transforming traditional..
    Locations looking for expansion Uttar pradesh
    Establishment year 2021
    Franchising Launch Date 2023
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bishrakh Uttar pradesh
  • Beauty Salons
    Tiny n Shiny cultivates a welcoming and joyous atmosphere that..
    Locations looking for expansion Maharashtra
    Establishment year 2022
    Franchising Launch Date 2023
    Investment size Rs. 10lakh - 20lakh
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater mumbai Maharashtra
  • Event Planning
    Balloons Unlimited is started to bring World Class Balloons &..
    Locations looking for expansion Andhra pradesh
    Establishment year 2015
    Franchising Launch Date 2023
    Investment size Rs. 10lakh - 20lakh
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Khairatabad Andhra pradesh
  • Cosmetic Accessories
    MATTLOOK COSMETICS is well known in the field of Color..
    Locations looking for expansion Delhi
    Establishment year 2011
    Franchising Launch Date 2023
    Investment size Rs. 10lakh - 20lakh
    Space required 65
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads