The government has launched low-cost Micro Credit Cards to support micro-enterprises facing short-term working capital challenges.
Introduced in January, these cards offer credit limits of up to ₹5 lakh, along with a 15–30 day interest-free period, making them a flexible and affordable financing option for small business operations.
Key Features
- Credit limit up to ₹5 lakh
- Short interest-free window of 15–30 days
- Designed for day-to-day working capital needs
Why It Matters
The scheme aims to reduce dependence on informal borrowing and improve access to formal, timely credit for micro-enterprises, especially those with limited collateral.
