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Canara
Bank’s Laghu Udhyami Card
Our Banking Bureau
23 March 2002
 Bangalore:
Canara Bank has introduced the Laghu Udhyami Credit Card to
provide free credit to small borrowers under the retail trade,
small business, artisans, village and small industries and
professionals.
A bank release said the
credit limit on this card will be Rs 2 lakh for meeting working
capital requirements. “All borrowers having three years of
dealing with the bank will be eligible for the credit card.”
The release said it will
also work cheaper for the borrowers, as they have the liberty to
credit their surplus cash and withdraw it  later.
This is because an interest is charged only on the outstanding
portion in the credit card account.
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