All students wish to pursue higher education but sometimes as a result of financial difficulties, many students are unable to fulfil their dream. Under the visionary leadership of Smt. Mamata Banerjee, Hon’ble Chief Minister, West Bengal, the Higher Education Department, Government of West Bengal launched the West Bengal Student Credit Card Scheme (WBSCC) in June 2021 for the students of West Bengal to enable them to pursue education without having any financial constraints.
This scheme enables students to pursue secondary, higher secondary, madrasah, undergraduate and post-graduate education 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 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 is 40 (forty) years at the time of applying for loan. The repayment period is 15 (fifteen) years for a loan availed under this scheme including the Moratorium period / repayment holiday.
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LOAN AMOUNT CALCULATION:
1. Required loan amount (calculated as per Course Fees of College and Non-institutional expenses, if any)
2. Course Fees of Present and Subsequent Semesters
3. Upload relevant page of College Brochure / Course Fee Document of College
Institutional Expenses:
Course Fees as per College Brochure / Course Fee Document
Non-Institutional Expenses:
1. Fees required for accommodation in hostel or rent/ license fees payable for living outside the hostel or fees required for living as a Paying Guest
2. Cost of purchasing books/ Computer/ Lap-top/ Tablet/ other equipment
3. Any other expense required to complete the course such as study tours, project works, thesis etc.
4. All expenses must be supported by Bills, Receipts, and Documents etc. for Bank verification.
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DOCUMENTS REQUIRED:
1. Colour Photograph of the Student and co-borrower.
2. Signature of the student and co-borrower.
3. AADHAAR Card and in case of NO AADHAAR, Registration number of last examination.
4. PAN Card of the student and in case of NO PAN Card, Undertaking to be uploaded.
5. AADHAAR Card / EPIC as address proof of Co-borrower. Photocopies of both sides must be uploaded.
6. PAN Card of Co-borrower.
7. Admission Receipt in College.
8. Relevant page of the Brochure / Document of College detailing Course Fee.
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Details of the Scheme are available in the WBSCC Portal:
Link:
https://wbscc.wb.gov.in/
