KOLKATA: West Bengal’s student credit card scheme has crossed the landmark figure of 1 lakh sanctioned cases, Chief Minister Mamata Banerjee announced on Friday.
The Chief Minister, in a social media post, said that the state government’s flagship scheme provides students education loan of up to Rs 10 lakh at a nominal interest rate, with the state government bearing the entire interest subvention/subsidy amount.
“Happy to share that under our student credit card scheme, the number of sanctioned cases has crossed today the landmark figure of 1, 00, 000. In this flagship scheme of our government, the students are provided an education loan up to Rs 10 lakh at a very nominal interest rate. The interest subvention/subsidy amount is entirely borne by the state government, ” the Chief Minister said in the social media post.