To tide over the challenges to meet business-related expenses by MSMEs, Union Bank of India and the National Payments Corporation of India (NPCI) have jointly launched a credit card for the borrowers, offering interest-free credit for up to 50 days.
It is a first-of-its-kind initiative in the industry, to provide simplified and digital delivery of Finance to Micro, Small & Medium Enterprises (MSMEs), to meet their business-related operational expenses. The dedicated card for MSMEs will be available to eligible borrowers of Union Bank of India.