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Mamata govt's student credit scheme gets good response

The populist scheme. offering pupils a loan of Rs 10 lakh without guarantor, was one of the key factors that secured the support of the young voters in favour of the TMC. 

Published: 12th July 2021 07:57 AM  |   Last Updated: 12th July 2021 07:57 AM   |  A+A-

West Bengal CM Mamata Banerjee on the first day of the new assembly session on Saturday

West Bengal CM Mamata Banerjee (Photo | PTI)

By Express News Service

KOLKATA: Launched 10 days ago, the Students Credit Card, a promise made by CM Mamata Banerjee eyeing young electorates’ support ahead of the Bengal elections, has received more than 25,000 applications. 

The populist scheme. offering pupils a loan of Rs 10 lakh without guarantor, was one of the key factors that secured the support of the young voters in favour of the TMC. 

“The applications we received till date covers Rs 1,355 crore. The number of applications is expected to go up. It (the scheme) covers students right from Class X to those pursuing higher education which include researchers. Students up to the age of 40 can apply. The beneficiaries will get 15 years to repay the loan with a nominal interest rate of 4 per cent,’’ said an official. 
 



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