CURRENT AFFAIRS

Detailed explanation-1: -The West Bengal Chief Minister Mamta Banerjee launched the “Student Credit Card Scheme” on 30 June 2021. Now, students can get a maximum Rs. 10 lakh loan with a nominal interest rate of 4% simple interest per annum. Further details about Student Credit Card West Bengal are shared below.

Detailed explanation-2: -Under the visionary leadership of Mamata Banerjee, Hon’ble Chief Minister, West Bengal, The Higher Education Department, Government of West Bengal has introduced the Student Credit Card Scheme for the students of West Bengal to enable them to pursue education without having any financial constraints.

Detailed explanation-3: -Students can avail student credit cards in India, from top card issuers such as SBI, ICICI & Kotak. Top Student Credit Cards include SBI Student Plus Advantage Credit Card & ICICI Bank Student Forex Credit Card.

Detailed explanation-4: -A student from West Bengal can obtain a maximum loan of Rs. 10 lakhs 4% per annum simple interest from the State Cooperative Bank and its affiliated Central Cooperative Banks and District Central Cooperative Banks and Public/ Private Sector Banks.

Detailed explanation-5: -West Bengal issues ‘Student Credit Card’ among beneficiaries This loan scheme is available to students who have passed the class 10 exam. Students can borrow up to Rs. 10 lakh through this scheme at a low annual interest rate. This initiative will help students from low-income households achieve their goals.