Mamata Banerjee's Student Credit Surge: 100,000 Loans Approved

West Bengal Chief Minister Mamata Banerjee announced that the Student Credit Card scheme has approved over 100,000 loan cases. Launched in 2021, this initiative helps students secure education loans of up to Rs 10 lakh at low interest rates, with the subsidy covered by the state government.

In a significant development for education in West Bengal, Chief Minister Mamata Banerjee reported that the state's Student Credit Card scheme has exceeded 100,000 sanctioned loan applications. The landmark achievement underscores the scheme's impact on students' educational pursuits.

This flagship program, initiated in 2021, offers students financial support through loans of up to Rs 10 lakh. The state government generously covers the interest subsidy, ensuring affordable access to higher education both within India and abroad.

Banerjee emphasized the scheme's commitment to nurturing young talents and aiding their academic and career aspirations. She celebrated the scheme's success on X, expressing her best wishes for the students' prosperous future. The initiative remains a cornerstone of her administration's educational policies.

(With inputs from agencies.)