Current Affairs

HDFC Bank, CSC Launches Credit Card for VLEs

Current context: HDFC Bank and Common Service Centres (CSCs) launched ‘Small Business Money-Back Credit Card’.
 HDFC Bank, CSC Launches Credit Card for VLEs
  • The credit card has been launched for small traders, village-level entrepreneurs (VLEs) and VLE- sourced customers
  • The card will provide easy access to credit for day-to-day business expenses to them
  • HDFC Bank and CSC has signed a pact in July 2018 in which the bank offered to provide products and services in remote locations to VLEs that are enrolled with CSCs

Common Service Centres (CSCs):

  • CSCs acts as delivery points of various government and public utility services across the country
  • There are about 3.6 lakh CSCs in the country with transacting the business of about Rs 70,000 crore
  • The services provided include financial services, welfare schemes, health care, digital literacy etc.

Question: 

HDFC and Common Service Centres (CSCs) launched which among the following for village-level entrepreneurs (VLEs)?
a. MSME Credit Card
b. Small Business Money-Back Credit Card
c. All Business Money-Back Credit Card
d. Small and Medium Business Money-Back Credit Card
HDFC Bank, CSC Launches Credit Card for VLEs HDFC Bank, CSC Launches Credit Card for VLEs Reviewed by Shweta Kashyap on July 17, 2019 Rating: 5

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