'Student Credit Card': Know all about Mamata Banerjee govt's unique initiative for Bengal students

'Student Credit Card - this unique initiative will allow the ambitious students to take a soft loan of up to Rs 10 lakh for educational purposes. 

KOLKATA: West Bengal Chief Minister Mamata Banerjee on Wednesday launched ‘Student Credit Card’ – a unique initiative that offers soft loans of up to Rs 10 lakh to students for educational purposes. Through this credit card, students will be able to take a loan up to a maximum of Rs 10 lakh at a simple annual interest rate. "I am delighted to announce that GoWB 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," the Chief Minister said during the launch.