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Low-cost credit cards for small firms by January

Financial Express Kolkata

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December 08, 2025

THE GOVERNMENT IS set to launch a low-cost Micro Credit Card for small businesses by January, aiming to cut their borrowing costs by up to 50%.

- PRASANTA SAHU

Typically, a steep 30-40% annual rates are charged on regular credit cards.

Intended to ease short-term working capital stress for micro enterprises, the new card will offer a credit limit of Rs 5 lakh along with a standard interest-free period of 15-30 days, similar to conventional cards but with significantly lower rollover interest thereafter.

FLERE HISTORIER FRA Financial Express Kolkata

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time to read

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