Merchant credit card for MSME traders soon
The government will likely roll out a merchant credit card (MCC) facility for traders in the micro, small and medium enterprises (MSME
- it will likely offer incentives such as short-term, collateral-free loans up to a limit at a cheaper rate to these units
- promises features, including interest-free credit for 20-50 days and Mudra loan facility and proposes up to 85% coverage under the credit guarantee fund
