West Bengal Student Credit Card Scheme

Student Credit Card West Bengal apply online 2022|student credit card west bengal pdf|WB Student Credit Card Scheme Apply|West Bengal Student Credit Card Scheme:Online Form State Invited by the government, the students of West Bengal can now easily get up to Rs 10 lakh soft loan for higher studies under the scheme, and the main objective of the state government to launch this scheme is that Students can get help for further studies.The chief minister of West Bengal Mamata Banerjee has launched the West Bengal Student Credit Card Scheme. The decision to launch this scheme was taken in a state cabinet meeting which was held on 24th June 2021. Through this scheme students studying in class 10th or above can take a loan up to Rs 10 lakh for higher studies.

This loan will be available to them at a very low rate of interest. For availing of the benefit of this loan, students will be provided a credit card. With the help of this credit card, students can withdraw the amount of loan. All those students who have been living in West Bengal for the last 10 years can take benefit from this scheme.

West Bengal Student Credit Card Scheme

In this West Bengal Student Credit Card Scheme, a person will be eligible till the age of 40 years and a student will be given 15 years to repay the loan after getting a job. Through the West Bengal Student Credit Card, students pursuing higher education – under-graduation and post-graduation will be eligible to avail credit up to ₹10 lakh at a concessional rate of 4%. Unlike a loan taken as a lump sum, a student credit card will provide students with on-demand funds at their convenience, benefitting over 1.5 crore students over the next 5 years.

WB Student Credit Card Scheme 2022

Scheme NameWest Bengal Student Credit Card
Launched ByState Government
BeneficiariesCitizen of State
Registration ProcessOnline/Offline
ObjectiveTo Provide Loans For Higher Education
Launching Year2022
CategoryWest Bengal Govt. Scheme
Official Websitehttps://wb.gov.in/

Objective Of Student Credit Card Scheme

The prime objective of launching this scheme was to make sure that each student can easily avail of the education loans. The process of applying for an education loan is very complex and involves a lot of terms and conditions. Due to this, most students are unable to gather the courage to apply for a loan and end up giving up their dreams. Thus, to ensure that every student can fulfill their dreams and get the best education, this scheme was launched. Since the students can directly pay using a credit card, it will be easy for the government to track expenditures.The primary objective of West Bengal Student Credit Card Scheme is to provide education loan to the students to pursue higher education and make their career. Under this scheme, the state government will provide loans up to Rs 10 lakh to the students. Students can avail these loans for payment of course fee, purchase of books, computer, educational equipment etc.

Benefits And Features Of West Bengal Student Credit Card

  • The State Government has announced to start the West Bengal Student Credit Card Scheme on 30th June to provide assistance to the students.
  • Students studying in class 10th or above will be able to take benefit of this scheme
  • The loan provided through this scheme will be available at a very low rate of interest
  • In order to get the number of loans students will be provided a credit card
  • Through this credit card, students can withdraw the amount of loan
  • In the meeting of the state cabinet, the proposal to give credit cards to students for studies was approved, so that all of them can continue their further studies.
  • Under this card, any student up to the age of 24 years can take a loan of up to Rs 10 lakh at minimum interest, and these credit cards can be taken from class 10 onwards.
  • It is very easy to obtain. This card can be taken online. The new credit card will help students get a credit up to Rs 10 lakh from the banks without a personal guarantor, as the state government will provide the guarantee.
  • This credit card can be taken for undergraduate, postgraduate, research purposes.
  • All those who have been living in West Bengal for at least 10 years, will be able to study in any institution in the country or abroad with this money.
  • If you get a job then you will be given 15 years to repay this loan at low interest under Student Credit Card West Bengal.

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Student credit card Eligibility

  • The students should reside in West Bengal for at least 10 years to avail themselves of this scheme.
  • The upper age limit to apply for the WB Student Credit Card scheme is 40 years.
  • Students should pay the loan within 15 years from the loan sanctioned date.
  • The applicant students should be pursuing their Under Graduate, Post Graduate, Doctoral, or Post-Doctorial Courses in India or Abroad.
  • The West Bengal government offers a guarantee to the student loan. However, the CIBIL Score will also play a key role in the sanction of a loan.

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Required Documents To Apply For West Bengal Student Credit Card Scheme

  • Aadhar card
  • Residence certificate
  • Age proof
  • Ration card
  • Income certificate
  • Bank account details
  • Mobile number
  • Passport size photograph

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Student Credit Card West Bengal apply online 2022

  • Firstly, visit the official website of West Bengal Student Credit Card Scheme. Then, the Home page will open in front of you.
West Bengal Student Credit Card Scheme
  • On the homepage you have to click on Student Registration. After that, the registration form will appear in front of you.
West Bengal Student Credit Card Scheme
  • Now you have to enter the following information in the registration form:-
    • Name of applicant
    • Date of birth
    • gender
    • aadhar number
    • Program Type
    • program name
    • institution status
    • institution’s district
    • Name of Institution
    • mobile number
    • E mail ID
    • password etc.
  • After that, click on Register Button and Unique ID will be generated and it will be sent to your registered mobile number.

Login Process

  • Firstly, visit the official website of West Bengal Student Credit Card Scheme. Then, the Home page will open in front of you.
  • On the homepage you have to click on Student Login. After that, the login form will appear in front of you.
Student Login
  • Now you need to enter Application ID, Password and Captcha code and you have to click on Login.
  • After this, the Applicant’s Dashboard will appear in front of you. Now you have to click on Application Details.
  • After that you have to click on Edit Loan Application and Application form will open in front of you.
  • Now you have to enter the following details in this application form:
    • Personal details
    • Co-borrower details
    • Current address details
    • Permanent Address Details
    • Course and Income Statement
  • Student bank details
  • After this-Continue and you need to upload the following Documents.
    • Latest Color Photo of Student
    • Latest color photograph of co-applicant
    • Student’s signature as specified
    • Signature of overly fearful legal guardian
    • Student aadhar card
    • Student PAN card or undertaking as specified
    • Co-borrower PAN card or undertaking as specified
    • Institute admission receipt
    • Class 10th board registration certificate
  • Now you have to click on Save and Continue and a new page will open in front of you.
  • After this, you have to click on Submit Application and a dialog box will appear in front of you asking you whether you want to confirm the submission or not.
  • You have to click yes.
  • After this, you can apply under West Bengal Student Credit Card Scheme by following this procedure.

What is student credit card scheme in West Bengal?

The main objective of the West Bengal Student Credit Card is to provide loans to students for higher education. Through this scheme loans up to Rs, 10 lakh will be provided to students which will help them to pursue their higher education without thinking about the financial burden.

Who is eligible for student credit card in West Bengal?

All residents of West Bengal, Class X (Ten) and above, pursuing Higher Secondary, UG, PG, Professional and Diploma courses or Doctoral/Post-Doctoral research courses from any recognized school, madrasah, college, university or higher educational institutions

Who can apply for student credit card?

A student credit card is a credit card that is offered to students at the college level. Any student beyond the age of 18 years is eligible to apply for the credit card as it does not have an income eligibility limit. These credit cards have lower interest rates and have a validity period of 5 years.

What is student credit card scheme in West Bengal?

Documents required for applying the student credit cards are as follow:
Birth certificate.
PAN Card.
Identity card issued by the college.
Address Proof such as passport, aadhar card, driving license, etc.
Passport size photograph.
Student credit card application form.

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