HDFC Bank, CSC launch credit card for small traders, village entrepreneurs

HDFC Bank and CSC Tuesday launched a co-branded 'Small Business MoneyBack Credit Card' for small traders and village level entrepreneurs (VLEs).

The credit card is specifically designed for CSC's VLEs, and VLE-sourced customers, and will give users easy access to credit for their day-to-day business expenses, according to a statement.

The card was launched by HDFC Bank MD Aditya Puri and CSC Chief Dinesh Kumar Tyagi.

Personalised cards were handed out to a few women entrepreneurs during the occasion, the statement said.

CSCs act as access points for delivery of various services and there are 3.6 lakh such centres operating across the country.

At present, as much as Rs 70,000 crore worth of business is transacted through the network of Common Services Centres (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, healthcare, agriculture services and digital literacy.

HDFC Bank and CSC had entered into a pact in July 2018 as part of which the bank will offer various products and services in remote locations to VLEs enrolled with CSCs.