West Bengal approved “Student Credit Card scheme” in their state

The West Bengal government launched the Students Credit Card Scheme which shall come into effect from June 30, 2021.

Daily Current Affairs Quiz 2021

This scheme shall enable students to seek credit up to Rs. 10 lakh without requiring any personal guarantor.

The state government will function as the guarantor instead. This scheme is primarily dedicated towards female students and those belonging to minority categories.

By availing this scheme, students will be getting the opportunity to pursue a variety of courses depending on their choice.

These courses include diplomas, postgraduate programmes, post-doctoral (PhD) courses etc. It is essentially, a soft-loan policy with adequate credit-limit and loan-refund time given to students.

Along with this, various other schemes have also been launched by students who belong to minority categories.