West Bengal Student Credit Card Scheme 2024: Eligibility & Status

West Bengal Student Credit Card Scheme Apply Online & Registration Form | West Bengal Student Credit Card Scheme Check Amount & Last Date | West Bengal Student Credit Card Scheme Check Features & Benefits | West Bengal Student Credit Card Scheme Check Repayment Tenure & Interest Rate | West Bengal Student Credit Card Scheme Check Eligibility & All Details |

The State Government of West Bengal has launched the West Bengal Student Credit Card Scheme so that students who are just passed class 10th or 12th will be able to avail the benefits of this scheme after applying. Students will be able to avail of the loan at cheaper interest rates with the help of credit cards provided to them. Students can use this loan to undertake higher studies.

Through this article, we will provide you with all types of information about the West Bengal Student Credit Card 2024 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.

West Bengal Student Credit Card Scheme

The Chief Minister of WB has launched the West Bengal Student Credit Card Scheme so that the students will be able to apply for this credit card in order to avail of the benefits of loan amounts that will be awarded to them at a cheaper rate of interest. The students will need to pay the cheaper rates of interest at the time of returning the loan amounts along with the interest rates.

A loan amount of Rs. 10,00,000/- will be provided to the students in the form of loan amounts who have applied online for a West Bengal Student Credit Card Scheme and also have got their credit cards. Students can use this money or loan amounts in order to pay the fees for their further studies. One can apply online before the last date.

Highlights Of West Bengal Student Credit Card Scheme

The highlights of this card are as follows:-

Objectives of West Bengal Student Credit Card Scheme

The major objective of launching the West Bengal Student Credit Card Scheme is to provide loan amounts or assistance to students coming from economically backward classes so that they will be able to carry out higher studies after getting the loan amounts at a low rate of interest. A 4% rate of interest rate will be applicable on the borrowing loan amount that needs to pay by the student.

Another objective of launching the West Bengal Student Credit Card Scheme is to provide financial assistance to students for their academic expenses. The government aims to offer loans up to Rs. 10 lakhs, which can be used for domestic or international study. This initiative was part of the electoral platform presented by Chief Minister Mamata Banerjee.

Beneficiary Category

This scheme can only be undertaken by those students who have attained the limitation of beneficiary category for which this scheme has been launched. The students will need to make sure that they are the residents of West Bengal state and they have passed the class 12th from the government school wanting to undertake higher studies with the help of a loan. 

West Bengal Student Credit Card Scheme Loan Amount 

After getting an online registration for this scheme, the students will be able to get a credit card which can be used by them for availing the loan amounts that will be provided to the students wanting to undertake higher studies. An amount of Rs. 10 lakhs can be undertaken by the students with the help of this card. 

West Bengal Student Credit Card Scheme Last Date

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

West Bengal Student Credit Card Scheme Coverage

The list of covered allowances are as follows:- 

• Tuition Fees
• Hostel Fees
• Books & Study Materials
• Exam Fees
• Equipment & Project Costs, 
• Other Educational Expenses 

West Bengal Student Credit Card Scheme Statistics 

The statistics of this scheme are as follows:- 

Rate of Interest

The students will also be held responsible for paying the rate of interest that will be applied at the time of lending loan amounts to the students. A cheap rate of interest will be applicable to the loan amounts. The rate of interest that will be applied will be 4% on the loan amount that has been borrowed by the student. 

Repayment Tenure 

There will also be a repayment tenure that will need to be followed by the students that must be taken into consideration. The students will need to repay the amount of loan borrowed within paying the rate of interest applicable on it. One can repay the amount of loan and rate of interest within the timeline of 15 years. 

Eligible Degrees or Courses 

The list of eligible degrees or courses for which the students can undertake loan are as follows:- 

• IITs: Various undergraduate and postgraduate courses in Engineering and Technology
• IIMs: MBA and other management programs
• IISc: Advanced research degrees in Science and Technology
• IIESTs: Bachelor’s and Master’s degrees in Engineering and Technology
• ISIs: Degrees in Statistics and related fields
• NLUs: Degrees in Law
• AIIMSs: Degrees in Medicine (MBBS, MD, etc.)
• NITs: Bachelor’s and Master’s degrees in Engineering and Technology
• XLRI: MBA and other management programs
• BITS: Bachelor’s and Master’s degrees in Engineering and Technology
• SPA: Bachelor’s and Master’s degrees in Architecture and Planning
• NID: Bachelor’s and Master’s degrees in Design
• IIFTs: MBA in International Business
• ICFAI Business School: MBA and other management programs
• Coaching institutes for competitive exams: Provide coaching for various entrance exams such as Engineering (JEE, GATE), Medical (NEET, AIIMS), Law (CLAT), Civil Services (IAS, IPS, WBCS), and Staff Selection Commission (SSC)

Important Points To Remember

Some of the important points to remember are as follows:-

• To apply for the WB Student Credit Card, make sure you meet the eligibility criteria.
• Gather all the necessary documents before starting the application process.
• Take the time to understand and familiarize yourself with the terms and conditions of the credit card scheme.
• Stay proactive in keeping track of your application status and follow up if needed.
• If you have any concerns or questions, reach out to the customer care helpline for assistance.

Flexibility in Repayment Options

Loan amounts provided via scholarships often come with flexible repayment options. This allows students to focus on their studies without being overwhelmed by immediate repayment obligations. The flexibility in repayment terms empowers students to explore their educational journey confidently and relieves them from the stress of immediate financial repayment, creating a conducive learning environment.

Reduced Financial Burden

Scholarships that offer loan amounts can alleviate the financial burden on students, enabling them to fully concentrate on their studies. By relieving the pressure of acquiring large sums of money upfront, these scholarships ease the financial strain associated with pursuing higher or abroad education. This reduction in financial stress can contribute to improved academic performance and increased overall well-being of the students.

Benefits Of West Bengal Student Credit Card Scheme

The benefits of this scheme are as follows:-

• Easy Repayment: The scheme offers flexible repayment options to students, allowing them to repay the loan after they graduate and secure a job.
• Low Interest Rates: The scheme offers student loans at low interest rates, making it affordable for students from all economic backgrounds.
• Skill Development: The scheme promotes skill development and education among the youth, enabling them to build a better future for themselves.
• Empowerment: The scheme empowers students to pursue their dreams without worrying about the financial burden of education.
• Digital Transformation: The scheme promotes digital transactions and online application processes, making it convenient for students to apply for a credit card.
• Financial Literacy: The scheme encourages financial literacy among students, teaching them the importance of managing finances effectively.
• Employment Opportunities: By providing financial assistance for education, the scheme helps students improve their employability and secure better job opportunities.
• Encourages Higher Education: The scheme is designed to encourage students to pursue higher education and enhance their skills and knowledge.
• Social Equality: The scheme promotes social equality by providing equal access to education and financial assistance to all students, regardless of their background.

Features Of West Bengal Student Credit Card Scheme

The features of this scheme are as follows:-

• The State Government of West Bengal has launched the West Bengal Student Credit Card Scheme.
• An amount of Rs. 10 Lakhs in the form of loan amounts will be provided to the students.
• Loan Amount: Students can avail loans up to INR 10 lakh to finance their education.
• No Collateral: The scheme does not require any collateral or guarantor, making it easier for students to avail credit.
• Interest Rates: The scheme offers loans at low interest rates, making it affordable for students.
• Repayment Tenure: Students can repay the loan after they graduate, with a maximum tenure of 15 years.
• Online Application: Students can apply for the credit card scheme online, making the application process convenient and hassle-free.
• Skill Development Programs: The scheme offers skill development programs to students, enhancing their employability.
• Financial Literacy Workshops: The scheme conducts financial literacy workshops to educate students on the importance of financial planning.
• Employment Assistance: The scheme provides assistance to students in securing job opportunities after completing their education.
• Transparent Process: The scheme follows a transparent process for loan approval, ensuring fairness and equal access for all students.
• Empowerment: The scheme empowers students to pursue their education and career goals without any financial constraints.
• For getting more information, one can visit the official website.

West Bengal Student Credit Card Scheme Eligibility Criteria

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

• The student must be a resident of West Bengal.
• He or she must have passed the class 12^th.
• The student must be pursuing a degree or course as per the courses that have been prescribed such as:-IIT, IIM,⁠IISc,⁠IEST,⁠ISI,⁠NLU,⁠AIIMS, NIT,⁠XLRI, BITS,⁠SPJIMR,IIFT, ICFAI Business School.
• The maximum age limit must be 40 years.
• If the student is undertaking coaching for any competitive examination then he or she will also be considered eligible to apply online.

Important Documents

Some of the important documents to affix to this scheme are as follows:-

• Aadhar Card
• Residence Certificate
• DOB Certificate
• Income Certificate
• Ration Card
• Bank Account Details
• Latest Passport Size Photographs
• Mobile Phone No
• Email ID

West Bengal Student Credit Card Scheme Apply Online

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

• Visit and open the Official Website.

• Now you will get land on the homepage.
• Click on the New Registration Button.

• The registration form will be displayed where you will need to enter the asked details in each section.
• Now click on the Register button.
• A login ID will be generated and the same details will be sent to you.

To Track Application Status

The applicants will need to follow the below-mentioned points to track their application status for the West Bengal Student Credit Card Scheme:-

• Visit the official website.
• On the homepage, click on the Student Login button.

• A login form will get displayed where you will need to fill in the asked details.
• Now click on the Login button.
• Then click on the Track Application button.
• A new page will be displayed on your screen.
• Enter your Applicant ID.
• Now click on the Search Option.
• The relevant details will be displayed on your screen.

To Do Login

The applicants will need to follow the below-mentioned points to do login:-

• The applicant will need first to visit the official website.
• On the homepage, click on the Student Login button.

• The login form will be displayed.
• Enter the asked details such as:-
  • Applicant ID
  • Password
  • Captcha Code
• Now click on the Login button.

To Do Administrator Login

The applicants will need to follow the below-mentioned points to do administrator login:-

• The applicant will need first to visit the official website.
• On the homepage, click on the Administrator Login link.

• The login form will be displayed.
• Enter the asked details such as:-
  • User Type
  • User ID
  • Password
  • Captcha Code
• Now click on the Login button.

Do Institution Profile Submission

The applicants will need to follow the below-mentioned points to submit a profile for the institution:-

• The applicant will need first to visit the official website.
• On the homepage, click on the Administrator Login link.

• The login form will get displayed.
• Enter the asked details such as:-
  • User Type
  • User ID
  • Password
  • Captcha Code
• Now click on the Login button.
• Then click on the Submit Institution Details.
• A new page will be displayed where you will need to enter the asked details.
• Then upload the demanded documents such as:-
  • AISHE Certificate
  • Accreditation document
  • Rank document
  • Affiliation document
• Now click on the Submit Details button.

Process To Approve the Application by HED

The applicants will need to follow the below-mentioned points to get approval by HED:-

• The applicant will need first to visit the official website.
• On the homepage, click on the Administrator Login link.

• The login form will be displayed where you will need to enter the asked login details.
• Then click on the Login button.
• Now click on the Verify Application and click on View Application.
• A dialog box will be displayed where you will need to select the photos for forward, return, view and track.
• Then click on the View button.
• Then check the details.
• After confirmation, click on the Next option.
• A confirmation page will get displayed on your screen where you will need to click on the Yest Button.
• Then apply to the bank.
• Click on the Return button to send the details to the head.

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 you will need to click on Contact Us.

• The contact details will be displayed on the screen.

Important Downloads

The links to important downloads are as follows:-

Contact Information 

In case any queries and questions come to your mind regarding the West Bengal Student Credit Card Scheme, then you may contact this mentioned-below toll-free  no and email ID:-

• Toll-Free No:- 1800-102-8014
• Email ID:- contactwbscc@gmail.com