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Kolkata: The West Bengal government is all set to launch a ‘credit card scheme’ for students in the state on Wednesday.
West Bengal Chief Minister Mamata Banerjee will launch this scheme.
Higher Education Secretary Manish Jain wrote a letter to the DM on Tuesday saying that students can take admission in coaching centers as well as competitive examinations using this credit card.
Following are the details about the student credit card scheme:
*For students pursuing higher studies and aspiring to pursue any professional course by taking admission in various coaching institutes to crack competitive exams like IIT entrance, joint admission, NEET, CLAT, CAT and civil services entrance is beneficial.
*Students can take admission in coaching centers as well as competitive exams using credit cards.
*Students can use this card to take admission in foreign universities and pursue courses of their choice up to PhD or post-doctoral level.
*The credit card will enable students to get a collateral security free loan of up to Rs 10 lakh at a very nominal annual simple interest rate with a repayment tenure of 15 years.
* The scheme covers education from secondary level to vocational courses including doctoral and post-doctoral research work in any recognized educational institution within or outside India.
* Education loan will cover various institutional and non-institutional expenses.
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