Bhabishyat Credit Card Scheme 2023: Apply Online for WBBCCS

Bhabishyat Credit Card Scheme Apply Online & Application Form | Bhabishyat Credit Card Scheme Check Amount & Last Date | Bhabishyat Credit Card Scheme Check Features & Benefits | Bhabishyat Credit Card Scheme Check Beneficiary Limitation & Age Limit | Bhabishyat Credit Card Scheme Check Eligibility & All Details |

The Chief Minister of West Bengal has launched the Bhabishyat Credit Card Scheme in order to provide financial help and support of Rs. 5,00,000/-. This amount will be provided to the applicants in the form of a loan amount. The government will be able to complete the upcoming projects of this state. One can apply online before the last date.

Through this article, we will provide you with all types of information about the Bhabishyat Credit Card Scheme 2023 like purpose, Eligibility Criteria, Benefits, Features, important documents, etc. Apart from this, we will share with you the process to apply online for this scheme. To get complete information about this scheme, read this article till the end.

Bhabishyat Credit Card Scheme

The Bhabishyat Credit Card Scheme introduced by West Bengal’s Chief Minister Mamata Banerjee, aims to assist upcoming state projects and individuals with limited finances. This program offers loans without requiring any collateral since the government acts as a guarantee. It’s a way to provide financial help and support development without the need for security.

In order to inspire young people in the state to start their own businesses, the Bhabishyat Credit Card Scheme has been launched. Starting a business can bring profits and income, but it’s challenging due to a lack of resources. West Bengal’s government is offering loans to solve this problem. They act as a guarantor, so loans can be given without needing additional security.

Highlights Of Bhabishyat Credit Card Scheme

The highlights of this scheme are as follows:-

Objectives Of Bhabishyat Credit Card Scheme

The major objective of launching the Bhabishyat Credit Card Scheme is to inspire young people in the state to start their own businesses. Starting a business can bring profits and income, but it’s challenging due to a lack of resources. West Bengal’s government is offering loans to solve this problem. They act as a guarantor, so loans can be given without needing additional security.

Another objective of launching the Bhabishyat Credit Card Scheme is to provide eligible individuals with credit cards. These cards allow them to apply for loans for various purposes like starting new businesses, growing existing ones, or managing financial responsibilities. This scheme supports aspiring entrepreneurs in getting started.

Eligible Business Fields

The loan amounts can be borrowed by the applicants for the below-mentioned business fields:-

• Manufacturing Service
• Trading/Business
• Farm Sector
• Diary
• Poultry
• Fish
• Piggery

Beneficiary Limitation

It is only on the basis of the beneficiary limitation that the applicants will be able to get an online registration as well as selection for this scheme that has been determined or fixed. Some limited beneficiaries will be selected for this scheme. There are around 2 lakhs who will be able to get selection for this scheme which means around 2 lakh applicants will be selected.

Age Limit

The applicants will need to possess the age limit on the basis of which they will be given selection. Otherwise, the applicants who have not attained the age limit will not be given any selection. It is bound to be followed that the applicants will need to gain or attain the age limit of 18 to 45 years which means the minimum age limit must be 18 years and the maximum age limit must be 45 years.

Residency Requirement 

To be eligible, the person must have lived in West Bengal for the past 10 years. This means they should have been a resident of West Bengal continuously for the last decade. This will be bound to be followed by the residents of West Bengal. This residency requirement must be fulfilled by the applicant.

Bhabishyat Credit Card Scheme Last Date

As this scheme has been recently launched, the last date to apply online for this scheme has not been updated yet through the use of social networking sites. Whenever the last date of online form submission is launched, we will update you through this article by which you will be able to get registration.

Eligible Lending Institutions

The below-mentioned institutions will be considered eligible for lending loans:-

• Scheduled Public Sector Banks
• Private Sector banks
• Regional Rural Banks
• Small Finance Banks
• Cooperative Banks

Encouraging Teenagers for Self-Employment

The program aims to inspire young people in West Bengal to explore self-employment opportunities. Starting a business can be a profitable source of income, but many lack the resources to do so. This will also bring some employment opportunities for unemployed youths. This will bring good employment rates in the state and will reduce unemployment rates.

Supporting Entrepreneurial Aspirations

Numerous individuals aspire to launch their own businesses but often face resource limitations. To address this challenge, the West Bengal state government provides loans. The state will be able to focus on the development or promotion of entrepreneurial opportunities.

Bhabishyat Credit Card SchemeImportant Information

Some important information issued for applicants is as follows:-

• Register as a New User with a valid name, email, and mobile number.
• Fill in the required information in the online form.
• You’ll receive a security code/OTP on your registered email/mobile for verification.
• Use this code to complete the registration process.
• Ensure accurate details; incorrect info may deactivate your User ID.

Sanctioning of Applications

Applications will be sanctioned using the below-mentioned stages:-

• Block Level Screening Committee:- This committee is set up by the MSMET department to check applications from rural areas.
• Checking for Completeness:- The Block Level Screening Committee reviews project proposals for completeness. If any information is missing, they inform the applicant to resubmit within 15 days.
• Sub-divisional Level Sponsoring Committee:- Once approved by this committee, applications are officially sponsored. This committee is also established by the MSMET department.
• Municipal Areas:- In municipal areas, a similar Sub-divisional committee reviews and sponsors applications. The Executive Officer of the municipality is part of this committee.
• Corporation Areas (Including KMC):- For corporation areas, a separate committee is formed by the MSMET department. It includes officials from the corporation, MSMET Directorate, Lead Bank, and other relevant departments. This committee reviews and sponsors applications from these areas.

Project Approval & Bank Funding

The procedure of project approval and bank funding will be carried out in the below-mentioned phases:-

• Loan Processing
  • The bank will assess sponsored applications within 21 days of receiving them.
  • The bank will approve the project cost, including margin money and the loan portion, and complete the documentation process.
• Notification of Approval
  • Banks will upload the approval letter on the portal and inform the applicant via email or hard copy.
  • The District Industries Center (DIC) will acknowledge the approval from the portal.
• Collateral Security
  • Banks won’t ask for collateral security, personal guarantees, or third-party guarantees, following RBI guidelines.
• Opening an Account
  • Loan recipients must open an account in the bank when the loan is sanctioned. 
  • If they already have an account, they can use it.
• Subsidy Claims
  • Banks will submit claims for subsidy release to the State Government.
  • After verification, the State Govt. will release the subsidy to the borrower’s personal account, with a copy to the bank.
  • The bank will disburse the loan and adjust the subsidy in the borrower’s account.
• One-Time Subsidy
  • The subsidy is one-time assistance and will not be available for credit limit enhancements for the same project within 2 years.
• Refunding Unspent Subsidy
  • Banks must refund unspent/unutilized subsidy to the respective DICs after 6 months from the subsidy’s receipt.

Benefits Of Bhabishyat Credit Card Scheme

The benefits of this scheme are as follows:- 

• The applicants will be able to borrow loans from the government in order to start their own businesses. 
• The loan amount will be Rs. 5,00,000/-.
• There are around 2 lakhs of applicants who will be able to get loan amounts.
• This loan amount can be used for various purposes for starting a business in various fields.
• One can apply online before the last date to get timely registration. 
• This will generate employment opportunities. 
• There will be a reduction in unemployment rates. 

Features Of Bhabishyat Credit Card Scheme

The features of this scheme are as follows:- 

• The State Government of West Bengal has launched the Bhabishyat Credit Card Scheme.
• This scheme has been initiated by the Chief Minister of WB.
• Only the residents of West Bengal will be able to receive the benefits. 
• The applicants will be given an amount of Rs. 5 lakhs in the form of a loan amount.
• A total of 2 lakhs of residents will be given advantages.
• The last date to apply online will be updated soon. 
• For getting more information, one can visit the official website. 

Bhabishyat Credit Card Scheme Eligibility Criteria 

The applicants will need to attain the below-mentioned points to apply online for this scheme:- 

• The applicant must be a resident of West Bengal.
• He or she must be living in this state for the duration of at least 10 years.
• The age limit must be between 18 to 45 years. 
• Only one person from each family will be given benefits. 

Important Documents 

Some of the important documents required to apply online for this scheme are as follows:- 

• Aadhar Card
• Residence Certificate
• Income Certificate 
• Voter ID Card 
• Educational Certificates 
• Bank Account Details 
• Latest Passport Size Photos 
• Mobile No
• Email ID 

Bhabishyat Credit Card Scheme Apply Online 

As this scheme has been recently launched no such information has been released with the help of various social networking sites regarding the application procedure to apply online for the Bhabishyat Credit Card Scheme. Whenever the application procedure is launched, we will update you through this article otherwise, the applicant can visit the Official Website.

Reading FAQs 

The applicants will need to follow the below-mentioned points to get FAQs:- 

• The applicant will need first to visit the official website.
• The homepage will be displayed on your screen.
• Click on the FAQ link. 

• The FAQs will be displayed.
• Read them carefully. 

Submitting Grievance 

The applicants will need to follow the below-mentioned points to submit a grievance:- 

• The applicant will need first to visit the official website.
• The homepage will be displayed on your screen.
• Now click on the Grievance Link.

• The Grievance form will be displayed. 
• Fill out each asked detail. 
• Click on the Submit button. 

Getting Contact Details

The applicants will need to follow the below-mentioned points to get contact details:-

• The applicant will need first to visit the official website.
• The homepage will be displayed on your screen.
• Now point to the Contact link.
• Then click on the DIC/Sub-DIC Address link.

• The contact details will be displayed on the screen.