<p>Bankers have unanimously agreed to issue ‘Bhobishyot’ (future) credit cards as proposed by the West Bengal government to extend youths a loan of up to Rs 5 lakh to start new business ventures, said Amit Mitra, principal chief advisor to Chief Minister Mamata Banerjee.</p>.<p>The former state finance minister told reporters on Friday that around 2 lakh people would stand to benefit from the bank loans, following a meeting with lenders.</p>.<p>"The state will provide 15 per cent guarantee money, and 85 per cent loan guarantee through credit trust established by Credit garauntee trust for small and medium industrialists.</p>.<p>"If all goes well, 2 lakh youths will start businesses this year. The evaluation will start from April 1 and the portal has been created,” he said.</p>.<p>Banerjee had announced the 'Bhobishyot' credit card scheme during the budget session of the assembly. A gazette notification has also been issued in this regard.</p>
<p>Bankers have unanimously agreed to issue ‘Bhobishyot’ (future) credit cards as proposed by the West Bengal government to extend youths a loan of up to Rs 5 lakh to start new business ventures, said Amit Mitra, principal chief advisor to Chief Minister Mamata Banerjee.</p>.<p>The former state finance minister told reporters on Friday that around 2 lakh people would stand to benefit from the bank loans, following a meeting with lenders.</p>.<p>"The state will provide 15 per cent guarantee money, and 85 per cent loan guarantee through credit trust established by Credit garauntee trust for small and medium industrialists.</p>.<p>"If all goes well, 2 lakh youths will start businesses this year. The evaluation will start from April 1 and the portal has been created,” he said.</p>.<p>Banerjee had announced the 'Bhobishyot' credit card scheme during the budget session of the assembly. A gazette notification has also been issued in this regard.</p>