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HDFC Bank, CSC launch credit card for small businesses

HDFC Bank in association with the government’s Common Services Centres (CSCs) launched a co-branded ‘Small Business Money Back Credit Card’ for small traders and village-level entrepreneurs (VLEs). The credit card is specifically designed for VLEs and VLE-sourced customers. It would give users easy access to credit for their day-to-day business expenses, according to a statement. Aditya Puri, MD and CEO of the bank, and Dinesh Kumar Tyagi, CEO, CSC, jointly launched the card. Personalized cards were handed out to a few women entrepreneurs during the occasion. CSCs today are access points for delivery of various services and there are 3.6 lakh such centers operating across the country. As much as Rs 70,000 crore worth of business is transacted through the network of CSCs, which apart from providing a platform for essential government and public utility services also deliver a range of social welfare schemes, financial services, education and skill development courses.

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