The Student Credit Card West Bengal Scheme is an initiative introduced by the government of West Bengal to provide financial assistance to students for their higher education.

Nearly all students desire to continue higher education, but many cannot realise their ambition of doing so because of difficult financial circumstances. The government introduces a variety of programmes to guarantee that any level of education is accessible to all students.In this article we shall see more about  Student Credit Card Scheme West Bengal.

The West Bengal Student Credit Card Scheme is one such initiative that the government established, and we’re going to tell you about it today. Students will receive loans through this programme for their further education. You may learn all you need to know about this programme by reading this blog, including what the student credit card is. its aim, advantages, characteristics, eligibility requirements, necessary papers, application method, etc.

About Student Credit Card Scheme

The West Bengal Student Credit Card Scheme was introduced by chief minister Mamata Banerjee. This program’s start was decided upon during a meeting on 24 June 2021. Students in class 10 or above can apply for a loan under this programme up to ₹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 The amount of the loan can be withdrawn by students using this credit card.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 programme is available to all students who have resided in for the past ten years.

Launch

The West Bengal Student Credit Card Program was introduced by the government on June 30, 2021. This programme has been established to give students financing for their academic expenses. Colleges are the subject of several meetings where the action plan for this system is explained. The student credit card programme will shortly be introduced according to an official decree from the academia department. This loan’s maximum amount is ₹10 lakhs. This loan may be used for both domestic and international study. This plan was included in the electoral platform put forward by the current chief minister, Mamata Banerjee.

Nearly 26000 Students Have Applied Within 9 days of the launch. As you are all aware, Mamata Banerjee, the chief minister of West Bengal, introduced the West Bengal Student Credit Card on 30 June 2021. 25,847 students have submitted applications in the first 9 days after this program’s inception. 5,899 of the 25,847 kids are enrolled in schools outside Bengal. Up to 9 July 2021, 9461 female students and 16384 male students had submitted applications for this loan. The Bengal government would serve as the guarantor, thus students will not need to give any type of guarantee to obtain a loan. Through this loan, students can pay for computers, books, tuition, or boarding costs.

Government Provided Loans for the Students

In accordance with this plan, 4% annual interest-rate loans from nationalised and cooperative banks will be available for studies and diploma programmes. If repayment is made within the study time, the interest rate will be further decreased. Loan for 25847 students, the government would spend ₹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 examinations like the Neet, JEE, and civil service. It must be noted that loans cannot be used to pay for those course expenses under this programme.

Repayment Period Of West Bengal Student Credit Card

The plan was included in the Trinamool Congress’ electoral 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 get loans. Students may also submit an online credit card application. On June 30, 2021, the Student Credit Card Scheme went into effect. Now, regardless of their financial situation, students will be able to pursue their education.

Benefits Of West Bengal Student Credit Card

• West Bengal’s prime minister Student Credit Card Program has been introduced by Mamata Banerjee.
• Students will be given educational loans up to ₹10 lakhs under this Program for higher study.
• Meeting convened on 24 June 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 may get the quantity of loans.
• Students can use this credit card to withdraw the loan’s amount.
• This programme is available to all students who have resided in for the past ten years.
• Additionally, undergraduate, graduate, doctoral, and postdoctoral studies in India and abroad are eligible for the Student Credit Card.
• This scenario 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.
• The applicant must be a permanent resident in order to qualify.
• The applicant must have resided in state for at least ten years.
• The maximum age to apply for this programme is 40 years old.

How to Apply for a Student Credit Card West Bengal

The West Bengal student credit card application process has two stages. Firstly, you need to register as a student on the state’s portal. Only after successful registration can you apply online for a student credit card from the West Bengal government. Follow the step-by-step instructions below to apply for the student credit card.

Steps to Register Yourself as a Student

• Visit the official website and click on the ‘STUDENT CREDIT CARD’ tab or use the provided link for registration.
• Fill in your basic details, such as name, date of birth, gender, and Aadhaar number.
• Provide information about your institution, including name, state, district, program name, and type.
• Enter your contact details, such as mobile number and email ID.
• Create a strong password and complete the registration by clicking on ‘Register.’
• Verify your registration by entering the OTP sent to your registered number.
• Once registered, a unique ID will be generated and sent to you for future communication.

Steps to Apply Online for a Student Credit Card from the West Bengal Government

• Visit the West Bengal student credit card portal.
• Log in using your registration number, password, and the provided Captcha.
• Check your details displayed on the dashboard.
• Click on ‘Apply Now’ to start the loan application.
• Fill in personal details, including the student’s name, parent’s names, mobile number, date of birth, caste, and qualification.
• If you don’t have an Aadhaar card or PAN card, select ‘No’ and submit an Undertaking Document.
• Provide co-borrower details, including occupation, caste, and address.
• Enter your present and permanent address details.
• Fill in course details, including course fee, year of study, and loan amount required.
• Provide your bank details and the co-borrowers bank details.
• Review the application or make changes if needed.
• Save and continue if no changes are required.
• Upload scanned supporting documents, including photographs, signatures, Aadhaar card, address proof, and admission receipt.
• Authorise the application and save it.
• Review the application details and submit.
• Confirm your submission request.
•  The higher Education Department verifies and approves applications, while the student credit card portal is maintained for accuracy. 

Who Can Benefit from a West Bengal Student Credit Card? 

 The West Bengal government offers a student credit card for students who have completed Class IX. These students are the ones in need of financial support for their education. With this card, students can get loans up to ₹10 lakhs at low-interest rates. The loan can be used for educational expenses and other costs like hostel fees, educational trips, rent, and course projects.

Eligibility Criteria for a West Bengal Student Credit Card

To be eligible for the student credit card in West Bengal:

• You must be an Indian citizen residing in West Bengal for at least ten years.
• You should have completed Class IX from a recognised board in West Bengal.
• You must be enrolled in higher education, either in India or abroad.
• You should have taken admission to a school, college, university, or institute like:

• • 1. IITs, 
    2. IIMs,
    3. IISc
    4. IIESTs,
    5. ISIs,
    6. NLUs,
    7. AIIMSs, 
    8. NITs, 
    9. XLRI, 
    10. BITS, 
    11. SPA, 
    12. NID,
    13. IIFTs, 
    14. ICFAI Business School,
    15. Coaching institutes for competitive exams such as Engineering, Medical, Law, IAS, IPS, WBCS, or SSC.
• Your age should not exceed forty years.

How to Track Application Status for WB Student Credit Card 

To track your West Bengal Student Credit Card application status, you can visit the official website and use the designated tracking facility. Enter your application details, such as the reference number or registration number, to check the status of your application online.

What is the Interest Rate and Repayment Period for WB Student Credit Card? 

The West Bengal Student Credit Card offers loans at low-interest rates, ensuring affordable repayment. The repayment period for the credit card loan is flexible, allowing students to repay the loan over an extended period of time, making it easier to manage their finances.

What is the West Bengal Student Credit Card Customer Care Number? 

For any queries or assistance regarding the WB Student Credit Card, you can contact the customer care helpline at the provided customer care number. The dedicated customer care team will assist you with your inquiries and provide guidance throughout the process.

Important Points to Remember

• Ensure you meet the eligibility criteria before applying for the West Bengal Student Credit Card.
• Keep all the required documents handy for a smooth application process.
• Familiarise yourself with the terms and conditions of the credit card scheme.
• Be proactive in tracking your application status and follow up if necessary.
• Seek assistance from the customer care helpline for any concerns or queries.

How and When to Repay?

Repayment of the West Bengal Student Credit Card loan can be done in convenient instalments. It is important to adhere to the repayment schedule and make timely payments to avoid any penalties or additional charges. Regular repayment will also help build a positive credit history.

Expenses to be Covered

The West Bengal Student Credit Card covers a wide range of expenses related to education. This includes tuition fees, hostel fees, books, study materials, exam fees, equipment, project costs, and other educational expenses essential for a student’s academic journey.

Features of West Bengal Student Credit Card 

The WB Student Credit Card offers numerous features, including collateral-free loans, low-interest rates, flexible repayment options, and coverage of various educational expenses. It aims to provide financial support to deserving students, enabling them to pursue higher education without financial constraints.

Online Application and Loan Sanction Process

The application for the West Bengal Student Credit Card can be conveniently completed online through the official website. Once the application is submitted, it undergoes verification and approval by the concerned authorities. Upon sanctioning the loan, the funds are disbursed to the student for the specified educational expenses, as per the terms and conditions of the scheme.

Documents Needed to Apply for Program

• Aadhar Card
• A residence permit
• Evidence of age
• Income certificate and ration card
• Account information
• Mobile phone
• a passport-sized picture

West Bengal Student Credit Card Scheme Online Application

• For registration, go to Scheme’s official website first.
• The home page will load
• You must select Student Registration on the home page.
• You’ll see the registration form there, fill all the details.
• After that, click on the register button
• Now unique ID will generate and it will send to your registered mobile number
• This user ID will use as a user ID for all future purposes

Login Process

• 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.
• Go to the Scheme’s official website first.
• Now, the home page will load.
• You must select Student Registration on the home page.
• You’ll see the registration form there.
• You must fill out the registration form with all the details.
• You must now select Save and Continue.
• There will be a new page.
• You must choose 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 choose “yes”
• You may apply for the Student Credit Card Program by completing these steps.

Login as Administrator

• Visit the Student Credit Card Program’s official website.
• Before you, the home page will load.
• You must now select Administrator login.
• Select user type and fill the login credentials.
• After that, you must select “login.”

Student Login

• Go to the student Credit Card Scheme’s official website first.
• The home page will load.
• You now choose “Student Login.”
• A login window will show up.
• You must enter your password, application ID, and captcha code.
• After that, you must select “login.”
• This process will enable you to do student login.

Contact Details

• State Helpdesk Number: 1800 102 8014 (toll-free).
• If you prefer to reach out via email, you can send a detailed description of your issue to support-wbscc@bangla.gov.in or contactwbscc@gmail.com.
• Remember to include your student credit card registration number.

Conclusion

In this article, we have provided you with all the important information regarding the West Bengal student credit card scheme. The registration process of this scheme is quite simple. 

With this scheme student can be benefitted financially and he/she can easily avail the loan facility for further studies and can get better education in the future.

If you are still facing any kind of problem then you can get in touch with the experts at Vakilsearch.

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