General Credit Card (GCC)

  • Eligibility

    To increase flow of credit to individuals for entrepreneurial activities in the non-farm sector provided through General Credit Card.


    All non-farm entrepreneurial credit extended to individuals, which is eligible for classification under the priority sector guidelines.


    The Scheme shall cover the entire country.

  • Finance
    Nature of financial accommodation

    The credit facility extended under the Scheme would include both Working capital and Term Loan requirements of entrepreneurs. The GCC may be issued as a Smart Card/ Debit Card (Biometric/ Smart Card) compatible for use in the ATMs/ Hand held swipe machine. Where ever accounts are not digitized GCC may be issued as a card/ passbook/ credit card cum passbook incorporating the name, address, photograph of holder, particulars of borrowing limit, validity period etc.

    Quantum of limit

    There is no ceiling on the loan amount as long as the loan is for the purpose of non-farm entrepreneurial activity and is otherwise eligible for classification as Priority sector.

    The limits should be fixed on the basis of risk assessment on a case to case basis.

  • Security and Margin

    Security norms will be applicable as per Reserve Bank guidelines on collateral free lending for micro and small units issued from time to time.

  • Rate of Interest and Repayment

    The interest rate shall be as applicable on Micro and Small Enterprises.

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