West Bengal Student Credit Card Review

By | July 9, 2021

According to the Credit card scheme, West Bengal Student Credit Card will have a maximum limit of  Rs 10 lakh with only a 4% simple interest rate per annum. Students can pay these loan amounts after 15 years of taking a loan. This credit card will help students pursue higher studies and facilitate them with the necessary funds to pursue the same. Here is everything you should know about this credit card.

Table of Contents

  1. What is the need for West Bengal Student Credit Card?
  2. Key features Of WB Student Credit Card
  3. Student Eligibility Criteria
  4. What expenses will be covered in the Student Credit card Loan?
  5. Documents required for registration process of West Bengal Student Credit Card.
  6. How to Apply for student credit card west Bengal
  7. FAQ

What is the need for West Bengal Student Credit Card?

West Bengal Student Credit Card
West Bengal Student Credit Card

The gross enrolment ratio in higher education in West Bengal was 18.71% in 2017-18 as against the national average of 25.8%, with the ratio among women in the state even lower, at 17.6%. The main reason for not pursuing higher in West Bengal not having financial resources along with other restrictions.

Whereas in order to enhance the quality of higher education and to facilitate meritorious poor students, the State Government has already started the Swami Vivekananda Merit-cum-means scholarship Scheme and Kanyashree Prakalpa (K3) for college/ University going students, and every year about 1, 40,000 students avail the benefits under these Schemes.

On 25th May 2021, West Bengal Cabinet​ has approved the West Bengal Student Credit Card and have directed concerned ministries to formulate the Rules and implementation guidelines for the same. On 30th June 2021, a Scheme is launched for deserving students.

Key features Of WB Student Credit Card

Name Of The SchemeWest Bengal Student Credit Card
Announced and Launched Government Of West Bengal
Notified on 24th June 2021
Beneficiary of SchemeA resident of West Bengal (All those students who are living in West Bengal for the last 10 years are eligible for this scheme)
Age criteria 18 to 40 years.
ObjectiveTo Provide Loans For Higher Education
Education TypesUndergraduate, postgraduate, doctoral, and postdoctoral studies in India or abroad.
Official Websitehttps://wbscc.wb.gov.in/
launch Data30th June 2021
Amount Of LoanUp to Rs 10 Lakh
Margin Money:–(a) Up to Rs. 4.00 Lakhs: NIL
(b) Above Rs. 4.00 Lakhs: 5%
(c) Scholarship/ Assistance ship to be included in Margin.
(d) Margin will be brought in on a year-to-year basis as and when disbursements are made on a pro-rata basis in applicable cases.
Security:There are no security requirements, and The State Government will agree with the banks separately in this regard.
Interest rate4% simple rate of interest per
annum, after interest subvention.
Mode of Disbursement(a). The amount of loan will be credited directly to the designated account of the Institution concerned in case of payment of course fees and other fees related to the Institution.

(b). The amount of loan will be credited to the student’s Bank account for purchasing of Computer/ Laptop/ books/ stationeries/ living expenses etc.
MoratoriumThere will be a moratorium or repayment holiday of one year under this
scheme after completion of the course or one year after getting employment, whichever is earlier.
Repayment(a). The repayment period shall be fifteen (15) years for any loan availed under this Credit Card including the Moratorium/ repayment holiday

(b). You can pay the loan amount before the completion of time, there will be penality for that amount.

(c).1% interest concession will be provided to the borrower if the interest is fully serviced during the study period.

(d). The student or the co-borrower, as the case may be, shall be liable to repay the loan on time as 1st charge.
Application TypeOnline

Student Eligibility Criteria

  • You should be an Indian national and resident of West Bengal for the last 10 years.
  • Self-declaration by the student shall be accepted as Residential Proof.
  • You need to attach a copy of the application format as annexed at Annexure-I.
  • It would be best if you had got himself enrolled for higher studies, including courses as stated in para 3 of this scheme, either within or outside the country, in the School, Madrasahs, colleges, universities, and other institutes like IITs, IIMs, IISc, IIESTs, ISIs, NLUs, AIIMSs, NITs, XLRI, BITS, SPA, NID, IIFTs, ICFAI Business School, etc. or studying in various coaching institutes for appearing in different competitive examinations like Engineering/ Medical/ Law, IAS, IPS, WBCS, SSC, etc.
  • Your age at the time of applying student’s credit card should not be more than 40 (forty). Years.

What expenses will be covered in the Student Credit card Loan?

Under this scheme the Credit Card may be used to avail loan to meet up the following expenses: –

  • 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.
  • 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/ receipt.
  • 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.

Expenses incurred in any of the above purposes shall have to be reported to the bank and the Department via an online Portal with proper receipts/ bills/ documents by the concerned student

Documents required for registration process of West Bengal Student Credit Card.

You need to keep below document in hand so that you can file application easily.

  • Your color Photograph (should be in .jpeg / .jpg between 50 KB and 20 KB).
  • Color Photograph of the co-applicant / co-borrower (should be in .jpeg / .jpg format, between 50 KB and 20 KB).
  • Signature of the student (should be in .jpeg / .jpg format, between 50 KB and 10 KB).
  • Co-borrower / Guardian’s signature (should be in .jpeg / .jpg, format, between 50 KB and 10 KB).
  • Student’s AADHAR Card (should be in .pdf format, between 400 KB and 50 KB).
  • Student’s Class 10th Board registration certificate (if no AADHAR card) (should be in .pdf format between 400 KB and 50 KB).
  • Guardian’s Address Proof (should be in .pdf format between 400 KB and 50 KB).
  • Admission Receipt (should be in .pdf between 400 KB and 50 KB).
  • Student’s PAN Card / undertaking if there is no PAN Card (should be in .pdf format between 400 KB and 50 KB).
  • Guardian’s PAN Card / undertaking if there is no PAN Card (should be in .pdf format between 400 KB and 50 KB).
  • Relevant page of the brochure / document detaining course fee / tuition fee (should be in .pdf format between 400 KB and 50 KB).

How to Apply for student credit card west Bengal

WEST BENGAL STUDENT CREDIT CARD SCHEME

WEST BENGAL STUDENT CREDIT CARD SCHEME is the flagship scheme of CM Mamata Banerjee. Here are all steps required for a credit card application.

Total Time: 10 minutes

  1. Go to the official Website of WB Credit Card

    Go to the official Website of WB Credit

    Please visit the official website www.wb.gov.in or banglaruchchashiksha.wb.gov.in or wbscc.wb.gov.in. Click on the Student credit card Tab in the right corner of the website. Click on the Register button to generate the user ID and Password.

  2. Click on the Register button to generate the user ID and Password.

    Click on the Register button to generate the user ID and Password.

    Please fill the application form carefully You need to provide applicant name, Date of Birth, Gender, State of Institution, Name of Institution, Name of Course, Contact Details like Mobile No. and Email ID. After this , you need to create Password for the same. Password should be strong. It should contain minimum eight characters consisting of at least one upper case Alphabet (i.e., A-Z), one lower case alphabet (i.e., a-z), One numeric
    character (i.e. 0-9) & one special character (i.e., @#$^).

  3. Provide Education details & the Name of the Institution.

    Provide Education details & Name of Institution.

    Again fill up the form details like District of Institution, Name of Institution, Program Duration ( in years). Mobile No and Email ID.

  4. After the submission of the above form, your Unique ID will be sent to your Email.

    After the submission of above form, your Unique ID will be sent to your Email.

    After the completion of above registration process and Unique ID will be generated and will be sent on your Email. Please save the UNIQUE ID for your futures reference. This ID will be used for submission of Application.

  5. Again Visit the Official website and Login with USER ID and Passwords sent to your E-Email.

    Again Visit the Official website and Login with USER ID and Passwords sent to your E-Email.

    Click on the Login Button and fill the required User ID generated at previous steps and password created by you. The validation of USER ID Application form will be open.

  6. Fill the Detailed form for WB Student Credit card Application.

    Fill the Detailed form for WB Student Credit card Application.

    Fill the all required details. You need to provide the Co-borrower Details, Present address Details, Co-borrower Mobile number, E-mail ID, Permanent address. Course and Income Details. Bank Details of Student, Bank Details of Co-Borrower, Program Name Etc.

  7. Upload the All Scanned document.

    Upload the All Scanned document

    Upload all the scanned document as information provided above. Bank Details, Photo of Applicant, Photo of Co-borrower. 10th Standard Document and Admission receipt ete…

  8. Submits the application form after Dual verification.

    Submits the application form after Dual verification.

    After the dual verification of above form , click on submit button. The above form will ask form for final verification, Since submission of application, there is no option for modification of application.

  9. Applicant Summited to HOI

    Application summited to HOI

    After the submissions of above form, Data is transferred to HOI.

  10. The application is forwarded to HED

    application is forwarded to HED

    After the dual verification of Above form HOI will forwarded, applicant data to the HED.

  11. Application is forwarded to Bank by HED

    Application is forwarded to Bank by HED

    Your Application dashboard will show that Application is forwarded to Bank by HED. If HED approve the application.

Any student with a complaint with the services may contact toll-free number 1800 102 8014 or mail at support-wbscc@bangla.gov.in

You can download the West Bengal Credit card Scheme details in PDF form here. Almost all credit card application process and Image has been taken from the above PDF.

FAQ

What is official website for e West
Bengal Student’s Credit Card Scheme?

You can visit the Visit official website for the Higher Education Department https://banglaruchchashiksha.wb.gov.in or https://wb.gov.in

What is the Toll-free Number under this scheme.

State Help Desk no. of the SCC scheme is18001028014 (Toll free)
Support mail ID: support-wbscc@bangla.gov.in

Who will be considered as a resident
of West Bengal for the purpose of Student Credit card scheme?

If the student or his family is residing in the State of West Bengal at least for a period of 10 (Ten) years preceding the date of application, she/he shall be considered as a resident of the State under this scheme

Am I eligible to apply for SCC Scheme if I am a resident of West Bengal but
studying outside India?

Yes, students studying outside India are also eligible to apply for the SCC
scheme.

Are the students pursuing UG/PG/
Diploma courses in distance learning
mode eligible to apply for SCC scheme?

No, a student receiving academic instruction in distance learning mode is not eligible to apply.

Can the student apply anytime during
the tenure of the course?

Yes, students can apply anytime during the tenure of the course

Which bank will issue the credit card
and sanction loans under the West Bengal Student Credit scheme?

The State Co-operative Banks or Central Co-operative Banks or District Central Co-operative Banks or any other Public and Private sector Banks shall be authorized to issue the credit card and sanction loans under SCC scheme.

Is there any margin money against the
loan?

Up to Rs. 4.00 Lakhs of loan sanctioned, there shall be no margin money. If the amount of loan is above Rs. 4.00 Lakhs, there shall be 5% margin money. Scholarship/Assistance ship will be included in the Margin

What is the interest rate for availing
loan under SCC scheme?

There shall be a 4% simple rate of interest per annum. There shall be an interest concession @ 1% to the borrower if the interest is fully serviced during the study period

Is there any processing fee/penalty for
pre-payment of loan?

No, there will be no processing charges/penalty for pre-payment

For FAQ visit the official website here.

Source: All the image and information has been taken from the official website.

What do you think about West Bengal Student Credit Card ??, share your take on it in the comment box below.

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Avatar of Dhiraj Jha
Author: Dhiraj Jha

I love to acquire, review, and earn reward points/cashback from Credit Cards for free traveling and enjoying luxury hotels. Helping people about the benefits and optimal utilization of credit cards.

58 thoughts on “West Bengal Student Credit Card Review

  1. Avatar of DiyaDiya

    Sir if student is a resident of west Bengal and if he/she is pursing their post graduation from other state will they eligible to get this credit card?

    Reply
    1. Avatar of Dhiraj JhaDhiraj Jha Post author

      I think you are eligible for this credit card even if you are pursuing post-graduation from another state. However, your 10th +12th education should have been completed in West Bengal.

      Reply
  2. Avatar of vinayakvinayak

    Sir I have completed my 10th and 12th from WB but my boards are different in 10th and 12th like !)th from WBSE and 12th from ISC , aslo Am pursuing my M.Tech from WB only may I eligible for this?

    Reply
    1. Avatar of Dhiraj JhaDhiraj Jha Post author

      I think Students of any education board recognized by the West Bengal Council of Higher Secondary Education are eligible for this credit card. However, we should wait for government directives in this matter.

      Reply
  3. Avatar of Sudip ChowdhurySudip Chowdhury

    Sir,
    I am 19 years old. I am pursuing Sociology Honours in B.A. (First Year) along with a job oriented course (ICA) from a recognized institution. How can i avail of this credit card scheme altogether? What amount of loan shall i have to be credited to my own bank account? Is it on the basis of structure of course fees or whether there will any flexibility be given to the students to demand for a loan as per their choice?

    Reply
    1. Avatar of Dhiraj JhaDhiraj Jha Post author

      All education loans are based on Course fees strucres provided by Education Institute/college, So the credit limit will be equal to all expenses in pursuing education.

      Reply
  4. Avatar of Rahul DasRahul Das

    Hello sir. Thank you so much for those brief information. I’m so satisfied with your blog.
    I just wanted to clear my least query and that’s my father is a normal work holder. He neither has job nor get any pay sleep. He is a guard of a godown.
    I’m pursuing BBA and looking for MBA and that’s why I need the loan.
    My secondary and higher secondary education marks are above 80% both the time.

    So am I eligible for the loan ?

    Reply
    1. Avatar of Dhiraj JhaDhiraj Jha Post author

      yes, you are eligible. All the residents of West Bengal, who have been living in the state for the last 10 years, are eligible this credit card.

      Reply
      1. Avatar of Rewash LamaRewash Lama

        Sir can i take loan for doing b. Ed course as i completed my all education from West Bengal.

        Reply
  5. Avatar of Sumita MukherjeeSumita Mukherjee

    Can we study abroad by this student credit card provided by the west bengal government???

    Reply
  6. Avatar of Anupam PaulAnupam Paul

    sir, i’m pursuing BSC and and currently in the last year. i’ll be graduate in the year 2022. so am i eligible to take the loan for abroad msc courses? is it possible??

    Reply
  7. Avatar of Manjura khattunManjura khattun

    Sir recently I studied 4rth sem in p.g level..
    I want to completed my b.ed degree .can I eligible for this

    Reply
  8. Avatar of DIBAKAR DASDIBAKAR DAS

    Sir, I have complete my 10th and 12th in WB , and now I am study in Diploma . That’s means Diploma in electrical engineering in WBSCTE . SO am I eligible to take the loan for a Diploma course , it is possible , and I am eligible this cradit card .
    Please kindly response sir ,
    I am writing for your response sir .

    Reply
  9. Avatar of DIBAKAR DASDIBAKAR DAS

    Sir I have complete my 10th and 12th WB , and now I am study in Diploma course in 4th semester , in WBSCTE . So I am eligible this cradit card and take a loan . Please kindly response sir .

    Reply
  10. Avatar of DIBAKAR DASDIBAKAR DAS

    I have complete my 10th and 12th in WB , and now I am study in Diploma course , 4th semester , in WBSCTE . So I am eligible this loan ?

    Reply
  11. Avatar of Sayan MannaSayan Manna

    SIr, I am currently at 4th semester in UG engineering , Am I eligible for the loan for the last 2yrs of B.Tech?

    Reply
  12. Avatar of NandniNandni

    How to file from for loan. Could you send me official form.

    Reply
  13. Avatar of NirajNiraj

    I am not resident of West Bengal, however I am living in Kolkata since last 10 year. Am I eligible for loan. ? If eligible how can i file the application form.

    Reply
  14. Avatar of B K LalaniB K Lalani

    We are a private training career institute do we need to get our institute enrolled for our students to get this loan facility??

    Reply
  15. Avatar of Sujoy karSujoy kar

    Hello Sir,
    My daughter is a student of icse board(now in class 9).
    Can she apply for this card?
    Her aim is mbbs.

    Thanks,

    Sujoy

    Reply
    1. Avatar of Dhiraj JhaDhiraj Jha Post author

      Hello, Sujoy kar

      Greeting of the day.,

      The minimum qualification for getting this credit card is passed out of 10th Class. Under this scheme, loans can be availed for undergraduate, postgraduate, doctoral, and postdoctoral studies in India and abroa. So your daughter certainly will be eligible for this card after clearing the 10th class for the MMBS course.

      All the best to your dear daughter for aiming for MMBS.
      Thanks.

      Reply
  16. Avatar of Alisha AgarwalAlisha Agarwal

    Suppose the course fee is 20 lacs.
    So, is it possible that I take 10lacs credit from the WB government and process rest of the amount through a bank loan?

    Reply
  17. Avatar of Arpita SenArpita Sen

    I am a resident of WB since the last 25 years. I have an offer from a Canadian University to study masters. However, as the scheme mentions that students willing to study abroad are also eligible to apply, I cannot find the relevant fields to provide my programme, course, institution details in the registration form. How do I apply for the loan then?

    Reply
  18. Avatar of Tanushree RoyTanushree Roy

    Sir, I have taken admission in b.ed . 1st sem has not completed yet. Can I apply for the loan?

    Reply
    1. Avatar of Dhiraj JhaDhiraj Jha Post author

      Yes, You can apply. “Professional course” includes the courses done in medicine, surgery, engineering, architecture, law, business, economics, accountancy, physiotherapy, psychology, technology, education, etc. which are recognized by any statutory authority in India constituted as such under any Central or State enactments or any
      statutory authority of any other Country. Even Private self-financing College are also included.

      Reply

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