Kolkata: West Bengal Chief Minister Mamata Banerjee on Wednesday launched the Student Credit Card scheme. Students from class 10 to postgraduate can avail the benefit of this credit card. "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 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. This will not only be extended to students who made it to premiere institutes but the loan will be available to provide support to the students who want to prepare themselves for top central and state government jobs like UPSC and PSC. "The education loan shall also be extended for the students studying in various competitive coaching institutes to appear in IITS/IMs/NLUS/IAS/IPS/WBCS or other competitive examinations. It will cover various institutional/non-institutional expenses to ensure no student from the state of West Bengal is deprived of education due to lack of fund support," he added.
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