West Bengal Student Credit Card Scheme
in West Bengal
Last updated:
Key dates and updates (West Bengal)
Nationwide and West Bengal-specific milestones. Verify on the official portal before you apply.
| Milestone | Date |
|---|---|
| Scheme launch |
West Bengal Student Credit Card Scheme in West Bengal
West Bengal Student Credit Card Scheme is a government scheme available to eligible residents of West Bengal.
Apply for West Bengal Student Credit Card Scheme in West Bengal
Scheme Overview
The Higher Education Department, Government of West Bengal has introduced the Student Credit Card Scheme for the students of West Bengal to enable them to pursue higher education without having any financial constraints.
Eligibility Criteria
Indian citizen & resident of West Bengal for 10 years (self-declaration).
Applicant should not be aged more than 40 years at application time.
Applicant should enrolled in higher education programs within or outside the country in schools, madrasahs, colleges, universities, IITs, IIMs, IISc, IIESTs, ISIs, NLUs, AIIMSs, NITs, XLRI, BITS, SPA, NID, IIFTs, ICFAI Business School, etc. or studying in coaching institutes for various competitive exams such as Engineering, Medical, Law, IAS, IPS, WBCS, SSC, etc.
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**Note:** Students upload progress reports after each semester/year.
Benefits
Points
The Scheme provides a maximum loan of ₹10,00,000/- at a 4% simple annual interest rate after interest subvention.
The interest rate for loans up to ₹10,00,000/- is set at the prevailing 3-year MCLR of State Bank of India plus 1%, fixed at the time of sanction.
Students can access the loan at any point during their course of study.
Both the student and the parent/legal guardian must co-submit the loan application.
An agreement between the student, parents/legal guardians, and the bank will formalize the loan terms.
Margin money:
Up to ₹4,00,000/-: Nil
Above ₹4,00,000/-: 5%
Scholarships/assistance ships included
Paid pro-rata as disbursements are made
Security:
No unnecessary restrictions or collateral security
No security/collateral other than co-obligation of parents/legal guardians
State government to enter separate agreement with banks
Insurance:
Life cover for student up to loan amount
Premium paid by student and debited from loan account
Time limits:
The Higher Education Department and the School Education Department will communicate on loan sanctioning and disbursement process timeline after receiving approval from the competent authority.
Required Documents
| # | Document |
|---|---|
| 1 | Colored Photograph of the applicant (should be in.jpeg / .jpg between 50 KB and 20 KB). |
| 2 | Colored Photograph of the co-applicant /coborrower (should be in .jpeg/.jpg format, between 50 KB and 20 KB). |
| 3 | Signature of the student (should be in .jpeg / .jpg format, between 50 KB and 10 KB). |
| 4 | Co-borrower / Guardian’s signature (should be in .jpeg / .jpg, format, between 50 KB and 10 KB). |
| 5 | Student’s AADHAR Card (should be in .pdf format, between 400 KB and 50 KB). |
| 6 | Age Proof of the Applicant (should be in .pdf format between 400 KB and 50 KB). |
| 7 | Address Proof of Co-applicant / Co-borrower (should be in .pdf format between 400 KB and 50 KB). |
| 8 | Admission Receipt (should be in .pdf between 400 KB and 50 KB). |
| 9 | Student’s PAN Card / undertaking if there is no PAN Card (should be in .pdf format between 400 KB and 50 KB). |
| 10 | Guardian’s PAN Card / undertaking if there is no PAN Card (should be in .pdf format between 400 KB and 50 KB). |
| 11 | Prospectus/Certificate (from the competent authority of the institution) wherein charges like Admission Fee, Examination Fee, Hostel Charges etc. are mentioned (should be in .pdf format between 400 KB and 50 KB). |
| 12 | Marksheet/Certificate of Last Qualifying Exam of applicant (should be in .pdf format between 400 KB and 50 KB). |
How to Apply in West Bengal
Applicant have to visit the official website and click on "STUDENT CREDIT CARD" Now Click on “STUDENT REGISTRATION” option and select the one option from the following Provide the require details for online registration process and click on “Submi…
Online Applicant have to visit the official website and click on "STUDENT CREDIT CARD" Now Click on “STUDENT REGISTRATION” option and select the one option from the following Provide the require details for online registration process and click on “Submit” button to generate user id and password. After completion of the registration process a unique id will be generated. Now with the credentials need to log in through clicking on “Student Login” button from the home page Here the candidate need to furnish their all details which can be accessed through the “Applicant Dashboard.” Submit.
Common questions in West Bengal
Who can apply for West Bengal Student Credit Card Scheme in West Bengal?
Eligible residents of West Bengal who meet the scheme’s overall criteria can apply for West Bengal Student Credit Card Scheme. Refer to the eligibility section above for the complete checklist.
What documents are required for West Bengal Student Credit Card Scheme in West Bengal?
Applicants in West Bengal typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
What are the important dates for West Bengal Student Credit Card Scheme?
Key dates are summarized in the table on this page, from 30 June 2021 through 30 June 2021, based on values DeshSeva currently stores for this item.
Frequently Asked Questions
A maximum amount of [?]10,000,00/- loan can be availed at 4% simple rate of interest per annum, after interest subvention.