KOLKATA: In a unique initiative, West Bengal chief minister Mamata Banerjee launched Students’ Credit Card’ scheme on Wednesday.
“I am delighted to announce that Govt of West Bengal has launched the Student Credit Card today. To make the youth of Bengal self-reliant, the Scheme shall provide a loan of up to Rs 10 Lakh with an annual simple interest,” said Banerjee.
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.
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.
The government of West Bengal has taken several initiatives e.g, free distribution of school bags, shoes, uniform, books, cycles, scholarships like Swami Vivekananda merit-cum-means, Kanyashree, increase in plan expenditure by 9 times during the last 10 years, to ensure manifold growth of the education sector in the State.
(With inputs from agencies)
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