New Delhi: Public sector Bank of Baroda has partnered with the Tamil Nadu government to offer co-branded RuPay Platinum debit card in the state, the bank said on Thursday. Bank of Baroda has launched a debit card which will be given to the beneficiaries of the state government’s ‘Pudhumai Pen’ scheme. Accordingly, the card offers personal accident insurance coverage of up to Rs 2 lakh per year and the joining and annual fee has been waived off for the first year, Bank of Baroda said in a statement.
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Pudhumai Pen Yojana by the government aims to increase the enrollment ratio of girls from government schools to higher educational institutions. Through this scheme, financial assistance of Rs 1,000 per month will be provided to every girl child till the completion of their degree course.
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T Udayachandran, Principal Secretary, Department of Special Implementation, Government of Tamil Nadu, along with A Saravankumar, General Manager and Zonal Head, Bank of Baroda, launched the card in the presence of senior officials of the bank at an event here, the release said.