New Delhi, Nov. 28 -- West Bengal Chief Minister Mamata Banerjee said that the state's Student Credit Card scheme has crossed a major milestone, with over one lakh loan cases sanctioned.

This credit card scheme was highlighted by the chief minister in her social media post, where she wrote that the flagship scheme is aimed at supporting higher education, allowing students to avail themselves of loans up to Rs.10 lakh at a nominal interest rate, with the entire interest subsidy borne by the state government.

This scheme is designed to support the students to pursue secondary, higher secondary, undergraduate and postgraduate studies, including professional degrees and other equivalent courses in any school, college, university and other a...