Micro enterprise credit card — eligibility, benefit, norms, documents (Central)

§1Who it is for

Udyam-registered micro units with a clean repayment record and an existing bank account

New-to-bank units or units with overdue loans

All Udyam-registered micro enterprises requiring working capital finance are beneficiaries (Lok Sabha reply of 29 Jan 2026, per PIB search snippet; not opened by us).
Bank-level conditions (Indian Bank example): micro unit as per Udyam Registration Certificate; days past due not more than 30, checked across all lenders; existing-to-bank customers only with at least 12 months' relationship, new-to-bank not eligible; CMR 1-5, or if CMR is not available, CIC score 730+ for promoters.

Credit limit up to Rs 5 lakh (Budget 2025-26 announcement; Indian Bank page: minimum Rs 10,000, maximum Rs 5,00,000).
Collateral-free, covered under CGTMSE (Indian Bank page; Lok Sabha reply as reported).

Budget target: 10 lakh cards in the first year (Budget 2025-26, as reported).
Indian Bank limit-setting: for existing borrowers, 20% of existing fund-based limits; for existing customers without credit, 20% of the lower of 12-month sales or credit turnover in bank accounts (min Rs 10,000, max Rs 5 lakh).
Indian Bank: CGTMSE premium borne by the borrower.
Interest rate and tenure are not printed on the product page we checked.

Not published

The guideline does not list the documents. Ask the portal or bank before you apply — we do not make up lists.

1
Ask your existing bank (where you have at least 12 months' account history) for the micro enterprise credit card under the Udyam-linked scheme.

Revolving working capital without collateral, on a card.
Transaction data on the card can help the bank assess your future credit needs (Lok Sabha reply, Jan 2026, as reported by PIB).

Slow uptake: about 12,398 cards against a 10 lakh first-year target, as of 20 Jul 2026 (as reported).
At least one bank (Indian Bank) gives it only to existing customers with 12 months' history, so new units are left out.
Borrower pays the CGTMSE premium (Indian Bank). The interest rate is not published.

Eligibility check, DPR and application file — ask us on WhatsApp.

Our interestHelp is our paid service. You can also apply for the scheme yourself.

Checked on 18 October 2026. For information only — confirm with the department or bank. Spotted a mistake? Report it.