Chief Minister Mamata Banerjee on Wednesday launched the scholar bank card mission, which she introduced forward of the meeting elections. Banerjee stated, “To encourage the scholars of West Bengal to pursue larger research, the state authorities has determined to launch one of the vital complete and inclusive schemes within the nation: ‘Student Credit Card’ to present them collateral safety free loans. Enables you to stand up to Rs.10 lakh at nominal, annual easy rate of interest with a reimbursement interval of 15 years.
Under this scheme, a scholar of sophistication X or above can avail a delicate mortgage of as much as Rs 10 lakh to pursue larger research in colleges, faculties, establishments in Bengal, different states or overseas.
“No guarantor is required for this loan. The state will give a guarantee,” stated Mamata.
Any applicant can avail this facility until the age of 40 years. The mortgage must be repaid in 15 years.
The CM stated, ‘There are many who had been pressured to take a break from research resulting from private causes, however they want to get a second probability. This plan she’s going to supply. Undergraduate, postgraduate, doctoral and post-doctoral college students in India and overseas can avail a complete of Rs 10 lakh as mortgage.
With this, the Government of Bengal has change into the primary authorities to supply a scholar bank card. Bihar is within the means of organizing an occasion. Currently, such bank cards for college students are supplied by just a few personal banks.
The CM additionally reminded the state training minister Bratya Basu that the training division must take full accountability of the bank card scheme of the scholars and monitor the method. “The communication code for the system should be known to only two persons and they will be held responsible if anything goes wrong,” she stated.
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With inputs from TheIndianEXPRESS
