West Bengal Student Credit Card Scheme – Apply Online, Amount Details

West Bengal Student Credit Card Scheme – Apply Online, Amount Details – wbscc.wb.gov.in: Interested candidates can check out this page and can know the complete details regarding the West Bengal Student Credit Card Scheme. The Hon’ble Chief Minister of West Bengal Mamata Banerjee has launched the WB Student Credit Card Scheme to provide financial support/ assistance at a nominal interest rate to the students residing in West Bengal. Whereas it has its benefits as it provides a maximum of Rs. 10.00 lakhs loan to the eligible candidates. Interested ones can refer to this page and can know the WB Student Credit Card Yojana Student Eligibility.

By checking down the sections, you can find the West Bengal Student Credit Card Scheme Registration Link. Moreover, on this page, we have mentioned the details like WBSCC Student Credit Card Yojana Objectives, Purpose, and the documents needed to register for West Bengal Student Credit Card Scheme. We suggest you to be touch with us to get more updates regarding the WB Student Credit Card Yojana.

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West Bengal Student Credit Card Scheme – Overview

WBSCC Student Credit Card Yojana – Objective

The Student Credit Card Scheme outlined herein aims at providing financial support/ assistance by the State Government at a nominal interest rate (with suitable guarantees to the bank) to the students residing in West Bengal for at least 10 years and pursuing education from class 10 onwards, or studying in various coaching institutes for appearing in different competitive examinations like Engineering/ Medical/ Law, IAS, IPS, WBCS, SSC etc., UPSC, PSC, SSC etc., and pursuing Undergraduate, Postgraduate courses including professional degree, Diploma courses and research at doctoral/ post-doctoral level or other similar courses in schools, Madrasahs, colleges, universities and other institutes like IITs, IIMs, IIESTs ISIs, NLUs, AIIMSs, NITs, XLRI, BITS, SPA, NID, IISc, IIFTs, ICFAI Business School etc., within or outside the country, who are unable to pursue higher education due to financial constraints.

The main emphasis is that students are provided with an opportunity to pursue higher education, with financial support from the banking system with reasonable and affordable terms and conditions. Under this Scheme the aspiring students may upon fulfilling the terms and conditions detailed herein, obtain a maximum loan of Rs. 10.00 lakhs at the rate of 4% simple interest from State Cooperative Banks and its affiliated Central Cooperative Banks and District Central Cooperative Banks and Public Sector/ Private Sector Banks operating in the State of West Bengal.

Purpose of WB Student Credit Card Scheme

• Course fees payable to the School/ Madrasah/ College/ University / Professional Institutes like IITs, IIMs, IIESTs, ISIs, NLUs, AIIMSs, NITs, XLRI, IISCs, BITS, SPA, NID, IIFTs, ICFAI Business School etc. various competitive coaching institutes meant for different competitive examinations like Engineering/ Medical/ Law, IAS, IPS, WBCS, SSC etc
• Fees required for accommodation in School/ Madrasah/ College/ University/ Institution hostel or rent/ license fees payable for living outside the hostel or fees required for living as a Paying Guest
• Fees payable for caution deposit/ building fund / refundable deposit/ examination/ library/ laboratory fees to be supported by Institution’s bills/ receipts
• Cost of purchasing of books/ Computer/ Lap-top/ Tablet/ equipments etc
• Any other expense required to complete the course such as study tours, project works, thesis, etc
• The student can incur expenditure up to 30% of the total loan sanctioned for non-institutional expenses for the whole course of study
• Up to 20% of the total loan sanctioned can be used as living expenses for the duration of the course

Student Eligibility for West Bengal Student Credit Card Scheme

• The student seeking a loan under the scheme should be an Indian national and resident of West Bengal for the last 10 years
• Student must have got himself enrolled for higher studies, either within or outside the country, in the schools, Madrasahs, colleges, universities, and other institutes
• The interested students should not be aged more than 40 (forty) years at the time of applying for the loan

Quantum of Loan

• The maximum amount of loan available under the Scheme is Rs. 10.00 lakhs at 4% simple rate of interest per annum, after interest subvention
• For the entire amount of loan sanctioned up to Rs.10.00 Lakh, rate of interest to be charged at prevalent 3- year MCLR of State Bank of India Plus 1%. The Rate of Interest so fixed on the date of sanction will remain fixed and calculated at a simple rate for the entire duration of the loan
•  A student can avail loan under this scheme at any time during the course of study

Margin Money

• Up to Rs. 4.00 Lakhs: NIL
• Above Rs. 4.00 Lakhs: 5%
• Scholarship/ Assistance ship to be included in Margin
• Margin will be brought in one year to year basis as and when disbursements are made on a pro-rata basis in applicable cases

Documents Needed for West Bengal Student Credit Card Scheme Registration

• Student’s AADHAAR Card No/ Class X registration No
• Student’s Pan Card
• Guardian’s Address Proof
• Guardian’s Pan Card No
• Admission Receipt
• Co-borrower Address proof
• Photograph of student
• Photograph of the Co-applicant / Co-borrower
• Signature of Student
• Co-borrower/ Guardian’s Signature

How to Apply for West Bengal Student Credit Card Scheme?

• Firstly, open the Department of Higher Education Govt. of West Bengal official website @ wbscc.wb.gov.in
• Hit on the Student Registration tab, where you will find at the right corner of the home page
• Once you were directed to another page, enter your details in the fields that asked and click on the Register button
• Later login with your Application ID and Password and proceed with the uploading of the documents and complete your application process
• Finally, verify all the documents that are asked before you submit the application and take a printout of it for later references

West Bengal Student Credit Card Scheme Registration Link

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