WB Student Credit Card Scheme 2024 Apply Online, Interest Rate, Eligibility

West Bengal Student Credit Card Scheme 2024 Apply Online Form, WB students check eligibility criteria to get soft loans upto Rs. 10 lakh for higher studies, complete details here

WB Student Credit Card Scheme 2024 Apply Online, Interest Rate, Eligibility

West Bengal Student Credit Card Yojana

WB Student Credit Card Portal launched and can be accessed through the link wbscc.wb.gov.in. Know how to make registration & apply online for West Bengal Student Credit Card Yojana 2024: West Bengal government has announced a new WB Student Credit Card Scheme (WBSCC) 2024 for students. This scheme aims to enable students to get soft loans upto Rs. 10 lakh for higher studies. In this scheme, one person would be eligible till 40 years of age and 15 years would be given to a student to repay loan after getting a job.

About WB Student Credit Card Scheme 2024

To make West Bengal’s youth self-reliant, a new scheme namely Student Credit Card Yojana is launched. In this scheme, all the eligible students will get Student Credit Cards with credit limit up to Rs. 10 lakh at an interest rate of 4%. WB Student Credit Card Scheme is a part of “Arthik Shujog, Shobol Jubo” initiative.

The Student Credit Card Scheme is designed to support students who want to pursue secondary, higher secondary, undergraduate and postgraduate studies. These include professional degrees and other equivalent courses in any school, madrasa, college, university or other affiliated institutes in and outside India. Students studying in various coaching institutions can also avail themselves of a loan to appear in competitive examinations such as engineering, medical, law and civil services examinations.

Through Student Credit Cards, students pursuing higher education – under-graduation and post-graduation, shall be eligible to receive credit up to ₹10 Lakh at a subsidized rate of 4%. Unlike a loan that is drawn as a lump sum, a Student Credit Card will provide money to students on demand at their convenience benefiting more than 1.5 crore students over the next 5 years.

Bengal Cabinet Nod to Student Credit Card Yojana

CM Mamata Banerjee led WB state govt. estimated that 1.5 crore beneficiaries will be included in the “West Bengal Student Credit Card Scheme”. SCC Scheme promises student credit cards having credit limit of upto Rs. 10,00,000 for higher studies. The West Bengal Student Credit Card Yojana was promised by chief minister Mamata Banerjee before recent Assembly elections.

The first thing govt. have to do is to register the beneficiaries of the West Bengal SCC Scheme. It has been assessed that the scheme will have a total of 1.5 crore beneficiaries.

WB Student Credit Card Portal Registration & Login

STEP 1: Firstly visit the official website at https://banglaruchchashiksha.wb.gov.in/

STEP 2: At the homepage of banglaruchchashiksha.wbgov.in, click at the “Student Credit Card” link as shown here:-

Banglar Uchchashiksha WB Gov In Portal

STEP 3: It would open the new WB Student Credit Card Yojana Portal at https://wbscc.wb.gov.in/

STEP 4: At this WB Student Credit Card Scheme portal, click at the “Student Registration” link or directly click https://wbscc.wb.gov.in/Applicant_Registration as shown below:-

WB Student Credit Card Registration Students

STEP 5: After making registration, applicants can click at “Student Login” link to make WB Student Credit Card Login or directly click https://wbscc.wb.gov.in/Applicant_Login:-

WB Student Credit Card Login

STEP 6: After making login, applicants can proceed to fill WB Student Credit Card Yojana application form and complete the apply online process.

Check PDF to know How to Apply online for WB Student Credit Card Scheme (Training Manual for Students) – https://wbscc.wb.gov.in/assets/StudentManual.pdf

WB Student Credit Card Download

Government of West Bengal has introduced the Student Credit Card Scheme for the students of West Bengal to enable them to pursue education without having any financial constraints. This scheme is designed to support the students to pursue secondary, higher secondary, madrasah, undergraduate and post graduate studies including professional degree and other equivalent courses in any School, Madrasah, College, University and other affiliated institutes within and outside India.

WB Student Credit Card Download

Students studying in various coaching institutions for appearing in different competitive examinations like Engineering, Medical, Law, IAS, IPS, WBCS etc, can also avail the loan under this scheme. A student from West Bengal can obtain a maximum loan of Rs. 10 lakhs @ 4% per annum simple interest from the State Cooperative Bank and its affiliated Central Cooperative Banks and District Central Cooperative Banks and Public/ Private Sector Banks. 1% interest concession will be provided to borrower if the interest is fully serviced during the study period.

The upper age limit for the interested students has been kept as 40 (forty) years at the time of applying for loan. The repayment period shall be fifteen (15) years for any loan availed under this Credit Card including the Moratorium/ repayment holiday. For details kindly go through the Scheme given in this portal.

Eligibility of West Bengal Student Credit Card Scheme

Here is the complete eligibility criteria to become eligible for West Bengal Student Credit Card Scheme:-

Students can avail soft loans from State Cooperative Bank, its affiliated Central Cooperative Banks, District Central Cooperative Banks and public/ private sector banks.

Implementation of WB Student Credit Card Scheme

The financial condition does not allow the West Bengal state govt. to make the West Bengal SCC Scheme universal. WB state govt. just cannot bring all students in the state under the Student Credit Card Yojana as it will push the financial burden. To ensure the smooth implementation of the West Bengal Student Credit Card Scheme, government was considering the insertion of an eligibility criterion for students to avail themselves of the soft loans.

The state government might be forced to cut down allotment of some departments to raise funds for the WB Student Credit Cards scheme. It is not possible to cut down departmental allocations heavily. So, the state is looking to arrange for funds for the scheme from some other sources too.

Database of Beneficiaries in WBSCC Scheme

The WB govt. already has a database of some eligible beneficiaries, which can be readily used to launch the SCC scheme. For example, the state has detailed data of students in govt. schools and colleges. These beneficiaries can be brought under the direct benefit transfer scheme immediately. For the remaining families, the government could seek applications.

WB Student Credit Card Scheme would definitely boost the education as a large portion of the fund allocation would be pumped into the beneficiaries bank accounts every year.

WB Student Credit Card Documents List

WB Student Credit Card Scheme Expenses Covered

The WB government has asked authorities of schools, colleges and universities to organise camps every Monday to promote the credit card scheme. The state govt. has also directed the education department to send a report on the number of students coming to these facilities.

According to reports, over 1,20,000 applications have been submitted under the programme till 14 December 2021. Out of these, around 50,000 have been sent to banks for approval. Banks have so far accepted around 6,000 applications. Some applications were rejected and returned to the district administrations. Chief secretary H K Dwivedi has already directed officials to set up a committee in each district to deal with the issue of loan denial.

Overview of West Bengal Student Credit Card Scheme

Name of SchemeWB Student Credit Card Scheme
Applicable Year2021, 2022, 2023 and so on
StateWest Bengal
Who are Eligible BeneficiariesStudents who wants to pursue higher studies
Beneficiaries Count1.5 crore
Type of SchemeSoft Loans through Student Credit Cards
Launch Date30 June 2021
Loan Amountupto Rs. 10 lakh
Interest Rate4%
Applicable CoursesUnder graduate (UG), Post graduate (PG), doctoral and post-doctoral study
Age Limit40 years
Repayment Time15 years after getting job
Registration / Apply Processwbscc.wb.gov.in
West Bengal Student Credit Card Scheme Overview

WB Student Credit Card Scheme Helpline Number / E-mail ID

West Bengal govt. has announced a dedicated helpline number and an e-mail id, to ensure that those seeking loans under the Student Credit Card scheme are not inconvenienced. Officials of the concerned department hold regular meetings to facilitate eligible student applicants in getting collateral security free loans up to Rs 10 lakh. An eligible candidate from 10 grade to the post-doctoral level can avail this credit scheme. The loans are repayable in 15 years at a low interest rate.

Student Credit Card Scheme in Didir 10 Ongikar of TMC Manifesto

Ojosro sujog, somridhho Bangla

Proti poribarke, nyunotomo mashik aay

A new scheme namely Laxmi Bhandar to ensure monthly Basic Income support to female heads of 1.6 Crore households of Bengal- monthly ₹500 to families of General Category (Yearly ₹6,000) and ₹1,000 to families of SC/ST (Yearly ₹12,000)

Arthik sujog, shobol jubo

To make Bengal’s youth self-reliant, a new West Bengal Student Credit Card Scheme for all eligible students would be launched. Student Credit Cards with credit limit up to ₹10 lakh at an interest rate of 4% would be provided.

Banglay shobar, nishchit ahar

Bordhito utpadon, sukhi krishok

Shilponnoto Bangla

Unnototoro swasthya byabostha, sushtho Bangla

Egiye rakhte, shikkhito Bangla

Shobai pai, matha gonjar thaai

Proti ghore bidyut, sodok, jol

Source / Reference Link for TMC Manifesto: https://aitcofficial.org/wp-content/uploads/2021/03/tmc-manifesto-eng-1.pdf

Helpline

Toll Free Number: 1800-102-8014

Email ID: support-wbscc@bangla.gov.in

Administrator Login – https://wbscc.wb.gov.in/Login

More details about the WB Student Credit Card Yojana at https://wbscc.wb.gov.in/About

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