West Bengal Student Credit Card Scheme Apply Details in 2022

The West Bengal Student Credit Card was launched on June 30, 2021 through the initiative of Hon’ble Chief Minister Mamata Banerjee. This student credit card scheme is thought to be a historic scheme in the state of West Bengal, through which all students of this state can apply for loans up to Rs. 10 lakh for higher education.

The most specialty of this west bengal education loan is that students will not have to mortgage anything to any bank while taking corpus of the loan. The West Bengal government itself will be fully responsible for providing loans to students. The interest on the west bengal education loan amounts which students would get through student credit card has been kept at a very minimum rate of 4%. Students have to repay the loan within 15 years of getting a job and at the end of their studies.

In today’s article we will discuss what are the qualifications required to obtain a West Bengal credit card? how will students apply for a loan? what are the important documents required? And who can apply for this scheme?

west bengal student credit card

What is West Bengal Student Credit Card Scheme?

On June 24, 2021, the Chief Minister of West Bengal announced the Student Credit Card Scheme. Through this scheme students will be able to take student loan for higher education. Students who want to continue their studies but cannot afford the required tuition fees due to their poor financial status, they will definitely get the benefit of this loan.

Moreover, if anyone wants to move abroad for higher studies, s/he can also be benefited too. Through this Student Credit Card, West Bengal students will get a loan of Rs. 10 lakh from a bank at a very low interest rate for their further studies.

Overview Of West Bengal Student Credit Card Scheme

Scheme NameWest Bengal Student Credit Card Scheme
Scheme DepartmentDepartment of Higher Education Govt. of West Bengal
Initiate ByGovt. of West Bengal
Category Govt. Scheme
BenefitsLoan Upto 10 lakh RS
Application ProcessOnline
Helpline Number+91 800-102-8014

West Bengal Student Credit Card Scheme Eligibility Criteria

Under the terms of the government, any student who have studied for minimum 10 years in the state of West Bengal will be able to avail the benefit of student loan through this scheme. Those who have studied undergraduate, postgraduate, diploma will also be eligible for this loan. Students who take this loan will be given 15 years to repay the loan after getting a job.

Benefits of West Bengal Student Credit Card Scheme

  • If someone has taken a student loan through this scheme, s/he will have to pay much lower interest rate if we compare it with any other student loans.
  • Grade 10 and higher students will be able to take advantage of student credit cards where they do not have to put up any mortgages.
  • Students will be issued credit cards to withdraw their loan amount, so that students do not have to visit the bank repeatedly to get their loan money.
  • Students up to 40 years of age can avail the benefits of this student loan.
  • Students will be given 15 years to repay the loan after getting a job.

What is the main purpose of WB Student Credit Card Scheme?

  • The main purpose of the WB Student Credit Card Scheme is to provide loans to students for higher education.
  • Through this scheme, students will be given loans up to Rs 10 lakh so that they can pursue their higher education without worrying about financial problems.
  • Unemployment rate in the state will be greatly reduced through the given project.
wb student credit card

Documents required for WB student credit card

If you want to apply online for a student credit card, you must know what important documents will be required to apply online for this scheme. Below we have listed the important documents that will be required while applying for a Student Credit Card.

  • Education qualification.
  • Approved course structure.
  • Free structure.
  • Passport size photograph.
  • Proof of address.
  • Family annual income certificate.
  • Class 10, 12 marks sheets.
  • Identity proof.
  • Bank passbook statement.
  • Signature photocopy.

WB Student Credit Card Scheme interest rate 2022

The West Bengal Credit Card Scheme is an education loan scheme through which students can take loans as per their need without any security. No processing charges will be levied from students under this scheme. The rate of interest of this student loan is also very low.The interest rate on this student credit card loan is the lowest among all the education loans available in the bank till date.

Students have to pay only a 4% interest rate. As far as we know a bank will charge from 8 to 10% interest rate for an educational loan, but here the West Bengal government will provide interest subsidy. This means that students will have to pay only 4% interest and the rest will be bear by the government.

West Bengal Student Credit Card apply Online Process

Now we will show you step by step process of how to apply online for West Bengal Student Credit Card. To get a student credit card loan, you should first complete your registration. You can apply for a Student Credit Card by following the steps below.

  • First of all you have to go to the official website of WBSCC and click on Student Registration.
  • Then you have to enter your name, date of birth, gender, Aadhaar number in the basic details.
  • Now you have to give your current education details, such as which in class you are studying, location of your institution, name of the institution etc.
  • Then you need to provide your contact details, for example, mobile number, email ID then create a password and click on registration.
  • Then an OTP code will be sent to your mobile number which you have to enter and verify.
  • After verification and completion of registration, an application id will be sent in your registered email.
  • Now you need to login with your application ID and password.
  • Once logged in to WBCCC portal, you will have to add some additional details about yourself.
  • All you have to do is to click on Apply Now button and go to the next page.
  • Now you have to fill in your father’s name, mother’s name and go to the bottom of the page.
  • Where you have to give caste category, last educational qualification and permanent address.
  • Once this is done, you will need to provide your bank details, such as the bank name, IFS code and the bank for the loan. This is a very important step as because you will be given a loan from the bank which you are going to provide.
  • You will then need to upload the required documents, such as your photograph, your signature, Aadhaar card, admission fee structure; upload all these and then submit the form.

And finally submit the form. You can save the PDF file of the form if you want, which can come in handy later. This way you can easily apply online for West Bengal Credit Card.

FAQ’s West Bengal Student Credit Card

Which bank are best for student credit card?

We can get this student loan from any bank, but Indian government undertaking banks like SBI, Punjab Nation Banks are the best because loans are usually approved in these banks in a short time.

Who is eligible for student credit card in West Bengal?

All students who have studied in West Bengal for a minimum of 10 years, and who are below 40 years of age can apply for a Student Credit Card.

What is WB student credit card scheme?

The WB student credit card scheme is a student loan, the main purpose of which is to provide loans as financial assistance to poor and backward students in the state for their higher education.

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