Nearly all students desire to continue higher education, but many cannot realize their dream of doing so because of difficult financial circumstances. The government introduces a variety of programs to guarantee that higher education is accessible to all students. The West Bengal Student Credit Card Scheme is one such initiative that the West Bengal government established, and we’re going to tell you about it today. Students will receive loans through this program for their further education. You may learn everything you need to know about this scheme by reading this page, including what the West Bengal student credit card is. its goals, advantages, traits, requirements, needed paperwork, the application process, etc. So, if you want to learn everything there is to know about this scheme, please read this post all the way through.
About West Bengal Student Credit Card Scheme
The West Bengal Student Credit Card Scheme was introduced by West Bengal’s chief minister, Mamata Banerjee. This program’s start was decided upon during a state cabinet meeting on June 24, 2021. Students in class 10 or above can apply for a loan under this scheme up to Rs 10 lakh for further education. They will have access to this loan at a very cheap interest rate. Students will be given credit cards in order to use the loan’s benefits. The amount of the loan can be withdrawn by students using this credit card. This scheme is available to all students who have resided in West Bengal for the past ten years. Loans may be obtained via this programme for undergraduate, graduate, doctoral, and postdoctoral studies both in India and overseas.
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Key Highlights of West Bengal Student Credit Card Scheme
| Launched By | Government of West Bengal |
| Name of Scheme | West Bengal Student Credit Card Scheme |
| Objective | To give students financing for higher education |
| Benefits | Educational loans up to Rs. 10 lakh |
| Eligibility Criteria | Applicant must be a permanent resident of West Bengal |
| Repayment Period | 15 Years After Getting Job |
| Official Website | Credit Card Scheme |
Objective of West Bengal Student Credit Card Scheme
The West Bengal Student Credit Card’s primary goal is to give students financing for higher education. Students would be given loans under this programme worth up to Rs. 10 lakh, enabling them to continue their higher education without worrying about the cost. All West Bengal students would now be entitled to pursue higher education. Due to the fact that more students will now be able to pursue both education and job, this programme will also lower the unemployment rate among West Bengal residents.
Benefits and Features
- West Bengal Student Credit Card Scheme was introduced by Mamata Banerjee, West Bengal’s chief minister.
- Students will be given educational loans up to Rs. 10 lakh through this Program for higher study.
- A state cabinet meeting convened on June 24, 2021, decided to initiate this programme.
- Students in class 10 or higher will be able to profit from this programme.
- The loan made accessible under this programme will have an extremely low-interest rate.
- A credit card will be given to pupils so they can obtain a number of loans.
- The amount of the loan can be withdrawn by students using this credit card.
- This programme is available to all students who have resided in West Bengal for the past ten years.
- Additionally, undergraduate, graduate, doctoral, and postdoctoral studies in India and abroad are eligible for the West Bengal Student Credit Card.
- This scene was included in the Trinamool Congress’s electoral platform.
- This program’s benefits are available to participants up to age 40.
- After landing a job, students have 15 years to return the loan’s full amount.
Launch of the West Bengal Student Credit Card Program
The West Bengal Student Credit Card Program was introduced by the West Bengali government on June 30, 2021. This programme has been established to give students financing for their academic expenses. Colleges are the subject of numerous meetings where the action plan for this system is explained. The West Bengal student credit card programme will shortly be introduced thanks to an official decree from the department of higher education. This loan’s maximum amount is Rs 10 lakh. This loan may be used for both domestic and international studies. This plan was included in the electoral platform put forth by the current chief minister, Mamata Banerjee.
The government will spend Rs 1355 billion to give nearly 26000 students loans
In accordance with this plan, 4% annual interest rate loans from nationalized and cooperative banks will be available for higher education and diploma programmes. If repayment is made within the study time, the interest rate will be further decreased. To grant loans to these 25847 students, the government will spend Rs 1355 crores. Students can apply for this loan taking into account the course fees they are presently taking, but for future courses, they must reapply after being admitted to those courses. Loans are also made available through this programme for passing competitive exams like the Neet, JEE, and civil service. It should be noted that under this programme, loans cannot be requested for course costs that have already been paid to the institution of higher learning.
Rate of Interest for the West Bengal Student Credit Card Program
The West Bengal student credit card programme is available to all students enrolled in classes 10 and higher. Students can obtain a hassle-free, collateral-free loan through this programme at a low rate of 4% APR. Except for the co-obligation of parents, this loan will not be provided with any collateral security, whether it be physical property or intangible assets. The loan has a 15-year repayment term. Students’ bank applications will be sent by the institution and department of higher education. Students may use the loan money for both institutional and extracurricular costs, such as rent, dorm fees, study abroad trips, projects, etc.
West Bengal Student Credit Card Repayment Period
The plan was included in the Trinamool Congress’ election platform. This program’s benefits are available to students up to the age of 40. The loan must be repaid by the students within 15 years after landing a job. It is also important to note that the loan application process will be simplified to make it simpler for students to obtain loans. Students may also submit an online credit card application. On June 30, 2021, the West Bengal Student Credit Card Scheme went into effect. Now, regardless of their financial situation, West Bengali students will be able to pursue higher education.
Eligibility Criteria
- The candidate must be a West Bengal permanent resident.
- The applicant must have resided in West Bengal for at least ten years.
- The maximum age to apply for this programme is 40 years old.
Documents Required
- Income certificate
- Bank account details
- Mobile number
- Passport size photograph
- Aadhar card
- Residence certificate
- Age proof
- Ration card
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Online Registration for the West Bengal Student Credit Card Scheme
- Go to the West Bengal Student Credit Card Scheme’s Credit Card Scheme website first.
- Before you, the home page will load.
- You must select Student Registration on the home page.
- You’ll see the registration form there.
- You have to input the following information in the registration form:-
- State of institution
- District of institution
- Name of institution
- Mobile number
- Email ID
- Password
- Applicant name
- Date of birth
- Gender
- Aadhar number
- Program type
- Program name
- After that, select “register”
- Now, a unique ID will be created and sent to the registered mobile number you provided.
- For all upcoming uses, this user ID will serve as the user ID.
Procedure for Login under West Bengal Student Credit Card Scheme
- First visit the official website.
- The homepage will appear on your screen.
- You must now select the student login button.
- The application ID, password, and captcha code must then enter.
- You must now select the login button.
- A candidate dashboard will show up.
- You must now select the application detail.
- Then you must select the Edit Loan Application button.
- You’ll see the application form there.
- The following information must be entered into this application form.
- Permanent address details
- Course and income details
- Bank details of the student
- Personal details
- Co borrower details
- Present address details
- You must now select Save and Continue.
- Following that, you must upload the following files:
- Most recent colour image of the student
- Most recent colour image of the co-applicant
- student’s signature in the appropriate format
- Proof of co-address borrower’s
- Signature of the legal guardian of the overage
- Aadhar card for students
- PAN cards for students or other required documentation
- Co-borrower PAN card or specific undertaking
- Certificate of Class 10th Board Registration and Admission Receipt
- You must now select Save and Continue.
- Before you will be a new page.
- You must select the submit application button.
- A dialogue box will then display in front of you and ask you to confirm your decision to submit or not.
- You must select “yes”
- You can apply for the West Bengal Student Credit Card Program by completing these steps.
Procedure for Login as Administrator
- Visit the West Bengal Student Credit Card Program’s official website.
- You will then see the home page, and you must now click on Administrator login.
- The next step is to choose your user type.
- Enter your user ID, password, and captcha code.
- After that, you must select “login.”
- This process will allow you to log in as an administrator.
How to Login as a Student
- Go to the West Bengal Student Credit Card Scheme’s official website first.
- Before you, the home page will load.
- You now select “Student Login.”
- A login window will show up.
- You must enter your password, applicant ID, and captcha code.
- After that, you must select “login.”
- This process will enable you to do a student login.
Steps to apply for Students Dashboard
- Go to the West Bengal Student Credit Card Scheme’s official website first.
- Before you, the home page will load.
- You must now select the student login button.
- You must then enter your applicant ID, password, and captcha code.
- You must now click on login.
- Following that, you must select Dashboard.
- This process will allow you to visit the student dashboard.
How To Track An Application
- Visit the West Bengal Student Credit Card Program official webpage.
- Before you, the home page will load.
- Click the student login link on the home page.
- Your applicant ID and password must now be entered in the captcha code.
- After that, you must select “login.”
- You must now select the track application button.
- After doing so, enter your applicant ID and then select “search.”
- The necessary details will appear on your computer’s screen.
Online application and loan approval process
- Visit the West Bengal Student Credit Card Program’s official website.
- Before you, the home page will load.
- You need to click on “Administrator Login” on the homepage.
- You must now choose your user type.
- After providing your user ID, password, and captcha code, click “Login” to continue.
- There will be a dashboard in front of you.
- You must now select the option for “application pending.”
- A new page will now show up before you.
- An MS Excel sheet comprising all open applications will be generated on this new page.
- The download Excel button is located at the upper right corner for class, and clicking it will allow you to download the file.
- You must click the see icon in order to view this programme.
- Before you will be a new page.
- The following documents are available for download from this page:-
- Pan and applicant’s Aadhar
- Proof of the co-pan borrower’s address
- information on course fees
- Proof of the applicant’s eligibility
- The dashboard’s application pending menu must now be selected.
- Following that, you must select the loan sanction symbol for a certain application.
- By selecting the loan sanction or loan reject buttons from here, you can approve or deny the loan, accordingly.
Approve the application by HED
- Visit the West Bengal Student Credit Card Program official webpage.
- Your home page will now open, and you must click on administrator login.
- Following that, you must choose the user type.
- Enter your user ID, password, and captcha code.
- After that, you must select “login.”
- You must now select “verify the application.”
- You must now select View Application.
- The picture and the application will appear in a dialogue box along with buttons for forward, back, view, and track.
- You must click the view button to review all of the applicant’s information. If everything is accurate, you must then select the forward option.
- A confirmation page will now show up.
- You must select the affirmative option.
- This application will now be sent to the bank.
- You must now alter the status so that users may view the status of the application that has been forwarded to the bank.
- If the application is deemed to be accurate, you must press the Return key to send it to the institution’s head.
View Contact Information
- Visit the West Bengal Student Credit Card Program official webpage.
- Before you, the home page will load.
- Click the contact us link on the homepage.
- Before you will be a new page.
- You can access contact information on this new page.
Contact Information
We have given you all the pertinent information about the West Bengal student credit card programme in this article. In order to remedy your problems, you can call a helpline number or send an email if you are still having issues. The following are the hotline number and email addresses:-
- Contact Information: 18001028014 Email Address: support-wbscc@bangla.gov.in Categories