The government has decided to provide Merchant Credit Cards (MCC) for traders and a Vyapar Credit Card (VCC) for microunits in order to give them financial support. A multi-year plan has been prepared by the committee to improve credit flows to the MSME sector, which stands for micro, small, and medium enterprises.


Merchants may get loans at a subsidised interest rate as per the MCC scheme, similar to the Kisan Credit Card, while the VCC may offer an interest-free credit duration of up to 50 days.


There are 110 million jobs supported by 63 million MSMEs in the country. Every MSME needs access to cash-flow-based finance; hence, we must launch the Vyapar Credit Card (VCC), according to the Standing Committee.


Further, “the SIDBI, or Small Industries Development Bank of India, is working out the specifics for the VCC, which is intended as a reward for units signing up on the Udyam Portal.”

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