West Bengal Student Credit Card Scheme 2021- {Apply Online}

The WB Student Credit Card Scheme will cover various institutional and non-institutional costs to ensure that no student in West Bengal is deprived of their education due to lack of financial assistance. In order to make Bengal youth self-sufficient, the WB Student Credit Card Scheme will provide loan of Rs.10 lakh at a simple annual interest rate. The stated aim of the WB Student Credit Card Scheme is to ensure that the financial constraints do not deter deserving state students from pursuing higher education.

West Bengal Student Credit Card Scheme applies to undergraduate and postgraduate students including vocational qualifications, diploma, doctoral and post-doctoral research and other similar courses from schools, madrasah, colleges, universities, and other institutes such as IIT, IIM, IIEST, ISIS, NLUS, AIIMS, BIT, SPA, NID, IISC, IIIFT, ICFAI business schools. With its liberal repayment terms, the loan program is expected to give a boost to students seeking higher education, whether undergraduate, doctoral or postdoctoral. Students undertaking bachelor, postgraduate, doctoral and post-doctoral studies within and outside India will receive low-interest loan.

In this article, we will provide you with complete information about West Bengal Student Credit Card Scheme. Kindly look through it for West Bengal Student Credit Card Scheme Benefits & Feature, Current Progress, News Update, Eligibility Check, Documents Required, Registration, Sign up Log in, Online Form, How to Apply, Beneficiary List, Status Check.

WB Student Credit Card Scheme 2024

Under the visionary leadership of Mamata Banerjee, the Honorable Chief Minister of West Bengal, the West Bengal Government introduced the Student Credit Card Scheme ( পশ্চিমবঙ্গ স্টুডেন্ট ক্রেডিট কার্ড প্রকল্প ) for state students to permit them to complete an education without financial constraints. WB Student Credit Card Scheme aims to support Bengal students undertaking secondary and secondary madrassas, bachelor and postgraduate studies including vocational qualifications and other equivalent courses in schools, madrassas, colleges, universities and other affiliated institutes within and outside India. Students studying in different coaching institutions and taking various competitive exams such as engineering, medicine and law, IAS, IPS and WBCS will be eligible for loan under the West Bengal Student Credit Card Scheme.

State students can get a maximum collateral security free loan of Rs.10 lakh. The repayment period is 15 years for credit card loan, including moratorium and repayment leave. The age limit for interested students is forty years at the time of applying for the loan. The student applying for a loan under the WB Student Credit Card Scheme must be an Indian citizen and have been living for the past 10 years in West Bengal State. The student’s self-declaration must be attached to the application form in order to be accepted.
পশ্চিমবঙ্গের  মাননীয়া মুখ্যমন্ত্রী মমতা বন্দ্যোপাধ্যায়ের দূরদর্শী নেতৃত্বে পশ্চিমবঙ্গ সরকার স্টুডেন্ট ক্রেডিট কার্ড প্রোগ্রাম চালু করেছে যাতে রাজ্যের ছাত্রছাত্রীরা আর্থিক সীমাবদ্ধতা ছাড়াই তাদের শিক্ষা সম্পন্ন করতে পারে।

WB Student Credit Card Scheme Benefits & Feature

• Up to 20% of the total loan sanctioned can be used as living expenses
• There will be a spending limit of up to 30% of the total loan approved for non-institutional expenditure including the entire lifetime of the study.
• Amount of loan to meet the expenses for course fee including tuition fee and any other amount payable to the Institution will be remitted directly to the bank account of the concerned institution.
• The unconstitutional total cost, including the cost of living, will be remitted to the registered bank account of the student.
• The minimum eligibility for application under the WB Student Credit Card Yojana is to pass Class IX from any recognized board active in West Bengal. The applying student is also to be enrolled in Class X or for 10+2 or higher education in any course in any recognized Higher Education Institution
• The Credit Card is not transferable.

Student Credit Card Scheme in WB [Key Highlights]

WB Student Credit Card Scheme Eligibility Criteria

• Student Credit Card/loan cannot be applied for future courses. Admission receipt is to be uploaded while applying.
• The students cannot apply for credit card loan considering their course fee of the regular institute as well as the coaching institute fee clubbed.
• The loan cannot be applied for the course fees or admission fees etc which have already been paid to the institution. Fees to be paid in future for the running course only is to be mentioned. There is no reimbursement system in this WB Student Credit Card Scheme.
• Education loan will be given only to students above class 10.
• The loan can be utilized for meeting the cost of the following items:
  a) Cost of purchasing books/ Computer/ Lap-top/Tablet/ equipments etc.
  b) Fees required for accommodation in hostel or rent/ license fees payable for living outside the hostel or fees required for living as a Paying Guest.
  c) Course fees payable to the School/College/University / Professional Institutes/ coaching institute where the student is enrolled for appearing in the entrance examination for admission in medical/engineering/law courses or for appearing in UPSC/PSC/SSC etc. This
  will include tuition fees, fees payable for caution deposit/ building fund /refundable
  deposit/examination/library/laboratory fees to be supported by Institution’s bills/ receipts.
  d) Any other expense required to complete the course such as study tours, project works, thesis, etc.
• Students studying outside India are also eligible to apply for the SCC scheme.
• There are no marks percentage criteria for applying in the scheme.
• There is no income ceiling for candidates to apply in the SCC scheme.
• The applying student should not be aged more than forty years at the time of applying for a loan.
• Students can apply anytime during the tenure of the course.
• The repayment period shall be 15 years’ for any loan availed under this Credit Card Scheme including the Moratorium/ Repayment Holiday from the date of disbursement of the first installment of the loan.
• There shall be 4% simple rate of interest per annum. There shall be an interest concession 1% to the borrower if the interest is fully serviced during the study period.
• This SSC scheme is applicable only for students whose families are residents of West Bengal at least for the last 10 years at the time of application.
• There are no security requirements, and The State Government will agree with the banks separately in this regard.

Documents Required for WB Student Credit Card Scheme

Please keep the following documents with you before the registration process.

• Colour Photograph of the applicant (should be in .jpeg / .jpg between 20 to 50 KB)
• Colour Photograph of the co-applicant / co-borrower (should be in.jpeg / .jpg format, between 20 – 50 KB)
• Signature of the student (should be in .jpeg / .jpg format, between 10 – 50 KB)
• Co-borrower / Guardian’s signature (should be in .jpeg / .jpg, format, between 10 to 50 KB)
• Student’s AADHAR Card (should be in .pdf format, between 50 to 400 KB)
• Student’s Class 10th Board registration certificate (if no AADHAR card) (should be in .pdf format between 50 KB to 400 KB)
• Guardian’s Address Proof (should be in .pdf format between 50 KB to 400 KB)
• Admission Receipt (should be in .pdf between 50 KB to 400 KB)
• Student’s PAN Card/undertaking if there is no PAN Card (should be in .pdf format between 50 KB to 400 KB)
• Guardian’s PAN Card/undertaking if there is no PAN Card (should be in .pdf format between 50 KB to 400 KB)
• The relevant page of the brochure/document detaining course fee/tuition fee (should be in .pdf format between 50 KB to 400 KB)

How can you attach the document for the registration under WB Student Credit Card Scheme

To resize a jpeg or jpg format image to bring to specified size:

• Click the image with mobile or Camera and transfer it to your desk top or laptop.
• Crop out the unnecessary portions of the image (Open the image→ Select Edit & Create → Select Edit → Click on the desired border line and drag to crop out → Click Save)
• To resize (Right click the image → Select Open with → Select Paint→ Select Resize → Select Percentage option → Type the desired percentage inside the box i.e 75 etc. → Click OK → Click Save →Check the file size)
• If not OK yet, repeat the above steps (Alternate methods also may be applied, if desired)

Different Courses Under Student Credit Card Scheme