CM Mamata Banerjee launches ‘Student Credit Card’ in West Bengal, here’s all you need to know

The Students' Credit Card will be available to provide support to the students who want to prepare themselves for UPSC and PSC.

In a unique initiative, West Bengal Chief Minister Mamata Banerjee rolled out the ‘Students’ Credit Card’ on Wednesday. The one-of project of the state government is an effort to provide soft loans up to Rs 10 lakh to the students for educational purposes.

“In order to further encourage the students from West Bengal to pursue higher studies, the state government has decided to launch one of the most comprehensive and inclusive schemes in the Country ‘Student Credit Card’ to enable them to avail collateral security free loan up to Rs 10 lakh at a very nominal annual simple interest rate with a repayment period of 15 years,” a senior government official of the educational department said.

“The scheme covers education from Madhyamik level to professional courses including doctorate/post-doctorate research work in any recognized educational institute within or outside the country,” the official said.


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