West Bengal Government launched Micro Business Credit Card to boost MSME sector

Mamata BanerjeeWest Bengal Chief Minister Mamata Banerjee launched a Micro Business Credit Card which will give a boost to MSME sector in the state. This would facilitate small and medium business entrepreneurs in the state.

With the help of this card, the small and medium entrepreneurs will be able to avail the cash credit or loan up to 5 lakh rupees for their business activities, even without collateral security.

Mamata Banerjee thanked the authorities of the State Bank of India for extending support to the state government in this venture. A fund of 200 crore rupees has been created for this purpose by the state government and a simplified clearance process was chalked out. The government will start the clearance centres in Bardhaman, Durgapur, Asansol and other places to expedite the clearance process.

Banerjee further said that under the scheme there would be no requirement of guarantee up to Rs 5 lakh. “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 said.

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