In pursuit of its commitment to holistic student development, Pandit Raghunath Murmu Smriti Mahavidyalaya has initiated the Student Credit Card Awareness Program. This program is designed not only to equip students with essential financial literacy skills but also to inform them about the state government's newly launched Student Credit Card scheme. Through a series of meticulously planned activities, the program aims to impart financial knowledge and provide an in-depth understanding of the new scheme. This initiative highlights the college's dedication to preparing students for economic independence and responsible credit usage. The Student Credit Card Awareness Program involves interactive workshops, informative sessions, and practical exercises geared toward enhancing students' financial literacy. By focusing on real-world applications and the specific features of the Student Credit Card scheme, the program ensures that students are well-prepared to make informed financial decisions.

Objectives of the Student Credit Card Awareness Program

1. Comprehensive Understanding:The program aims to provide students with a thorough understanding of credit cards, including their benefits, risks, and responsible usage practices.
2. Awareness and Empowerment:Through interactive workshops and engaging activities, the program aims to raise awareness about the Student Credit Card scheme, empowering students to utilize this financial tool effectively.
3. Financial Assistance: The credit card provides students with access to a predetermined line of credit, enabling them to fund their educational expenses, including tuition fees, books, accommodation, and other related costs.
4. Interest-Free Period:Students are offered an interest-free period, typically ranging from six months to one year, during which they are not required to pay any interest on the borrowed amount, thus easing the financial burden on students and their families.
5. Flexible Repayment Options:The credit card offers flexible repayment options, allowing students to repay the borrowed amount in easy installments over an extended period, often after the completion of their education and securing employment.
6. No Collateral Required:Unlike traditional loans, the Student Credit Card does not require any collateral or guarantor, making it accessible to students from diverse socio-economic backgrounds, including those from underprivileged and marginalized communities.

FACULTIES IN CHARGE OF THE SCHEME

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