Bangiya Loghu Udyami Credit Card

BGVB Laghu Udyami Credit Card was introduced by the bank vide circular CREDIT/113/2009 dated 05.02.2009. Considerable time has elapsed since the scheme was reviewed by the bank. Therefore, it is felt expedient to revisit the scheme with required modifications in terms of quantum etc. Consequent upon the same, the Hon’ble Board members in meeting dated 31.07.2020 re-introduced the scheme with required modifications superseding the existing guidelines.


Small business units, Retail Traders, Artisans, Village Industries, Micro & Small Enterprise (Manufacturing and processing), Micro & Small- Services & Business Enterprises (MSSBEs), Professionals and Self Employed Persons, etc., contribute significantly to the growth of our economy. Many of these units are managed by the entrepreneurs themselves. These entrepreneurs find it difficult to cope with the demand for audited balance sheet and other statements sought by the bank from time to time for availing credit facilities & normally complain of procedural delays in sanction and renewal of limits.

A friendly credit product namely BGVB Laghu Udhyami Credit Card (BLUCC) was launched to provide a hassle free financial support from the banking system to the above categories of entrepreneurs who have shown commitment to run the unit successfully and who are dealing with the bank for the last three years satisfactorily. Under the scheme cumbersome procedural aspects relating to review and renewal, submission of balance sheet, stock statements and other statements have been done away with and credit delivery made simple and easy. These borrowers will be issued a photo card indicating sanctioned limit and validity period of credit facility.