The Trinamool Congress and Bharatiya Janata Party (BJP) leadership on Friday (November 28, 2025), sparred over the student credit card scheme started by the TMC government. As Chief Minister Mamata Banerjee praised her government’s scheme, BJP’s Amit Malviya accused that the education system is “dying a slow death” in West Bengal.
“Happy to share that under our Student Credit Card Scheme, the number of sanctioned cases has crossed today the landmark figure of 1,00,000,” Ms. Banerjee shared on her social media handle X.
She further added that this flagship scheme launched by the TMC administration has provided student education loans of up to 10 lakh, to academics in need at a reduced interest rate of 4% per annum. An average student education loan in India has an average interest rate between 9.5% to 15.25% per annum.
The TMC chairperson also added that the difference in interest and subsidy amount is borne by the State Government.
However, BJP’s Amit Malviya came down heavily on Ms. Banerjee’s claims and said that this scholarship program has now turned into an issue of political leverage to push education into the background.
