Millennium Post

CSR move to help 25 lakh students

Chhattisgarh Chief Minister Raman Singh has inaugurated Central Bank of India’s student prepaid card scheme at Dantewada for distribution of scholarships. Around 25 lakh students will benefit from the above arrangement.

Speaking on the occasion, Singh said, ‘The launch of the card has been made possible with the active coordination of the ST and SC Development Department and Central Bank of India.’ He added that the students’ prepaid card, powered by the MasterCard Platform, will help in the speedy disbursement of scholarship and be a convenience to students for receiving payment through ATMs of any bank across the country.

ST&SC Development Department Secretary Manoj Pingua, Dantewada Collector O P Chowdhary, Central Bank of India Zonal Manager D S Saahi,, Deputy General Manager (Cards) Ajay Vyas, Regional Manager K Shivanand and Vice-President (MasterCard) Rajesh Singh were among those present on the occasion.

The students’ prepaid card for distribution of scholarship will cater to the needs of the students from the remotest areas of the state.


Central Bank of India has held a property exhibition ‘Swapna Sankul 2012’ at Mumbai for prospective home buyers in the country’s commercial capital. It did not charge any entry fee. Renowned promoters, developers and builders participated in the exhibition. The bank management said that the coming together under one roof of the bank on the one side and property vendors on the other would open an array of options for buyers of properties.


Central Bank of India has signed an MoU with S P Jain School of Global Management to provide education loans to students pursuing management studies at its campuses in Dubai, Singapore & Sidney. The MoU was executed by Central Bank of India General Manager (Retail Banking) Ram S Sangapure and S P Jain School of Global Management GM (Finance) M J Chandrasekar.

Central Bank of India also signed an MoU with Edwise Consultant Pvt Ltd, a consultancy company providing guidance and consultancy services to students aspiring for higher studies abroad. The bank will provide education loans to students getting admission in foreign educational institutes as per its ‘Cent Vidyarthi Scheme’.
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