West Bengal Government Launched Student Credit Card Scheme 2021
Under the visionary leadership of Mamata Banerjee, Hon’ble Chief Minister, West Bengal, The Higher Education Department, Government of West Bengal has introduced the Student Credit Card Scheme for the students of West Bengal to enable them to pursue education without having any financial constraints.
This scheme is designed to support the students to pursue secondary, higher secondary, madrasah, undergraduate and post graduate studies including professional degree and other equivalent courses in any School, Madrasah, College, University and other affiliated institutes within and outside India. Students studying in various coaching institutions for appearing in different competitive examinations like Engineering, Medical, Law, IAS, IPS, WBCS etc, can also avail the loan under this scheme.
A student from West Bengal can obtain a maximum loan of Rs. 10 lakhs @ 4% per annum simple interest from the State Cooperative Bank and its affiliated Central Cooperative Banks and District Central Cooperative Banks and Public/ Private Sector Banks. 1% interest concession will be provided to borrower if the interest is fully serviced during the study period. The upper age limit for the interested students has been kept as 40(forty) years at the time of applying for loan. The repayment period shall be fifteen (15) years for any loan availed under this Credit Card including the Moratorium/ repayment holiday.
Student Credit Card Scheme – Maximum amount of loan eligible under the scheme is Rs. 10(ten) lakhs
Student Credit Card Scheme Details pdf is here
| Student Credit Card Scheme | |
|---|---|
| Student Credit Card Scheme Notification | Download pdf |
| Credit Card Scheme Student Manual | Download pdf |
| Student Credit Card Scheme FAQ | Download pdf |
| Student Credit Card Scheme online Registration | Direct link |
| State & Institution help desk number | Direct link |
Official link – wbscc.wb.gov.in