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

Last Updated: July 17, 2019

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HDFC Bank, CSC launch credit card for village entrepreneurs and small traders
17 July 2019 Current Affairs: HDFC Bank and 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 designed for VLEs and VLE-sourced customers. 
The users give easy access to credit for their day-to-day business expenses, according to a statement.
The card launched by HDFC Bank MD Aditya Puri and CSC Chief Dinesh Kumar Tyagi. 
The personalized cards were handed out to a few women entrepreneurs.
CSC as access points for delivery of various services and there are 3.6 lakh such centers operating across the country. 
Around ₹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.
It also delivers a range of social welfare schemes, financial services, education and skill development courses, health care, agriculture services and digital literacy.
They entered into a pact in July 2018 
The bank offers various products and services in remote locations to VLEs enrolled with CSCs.

About HDFC Bank
Founded    August 1994
Headquarters    Mumbai, Maharashtra, India
Key people Shyamala Gopinath 
Aditya Puri Managing Director

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