WB Student Credit Card Scheme 2021- Online Application {PDF}

Within two months of forming the government in Bengal after returning to power for the third time in a row, Chief Minister Mamata Banerjee on Wednesday launched the student credit card scheme 2021 for students, keeping another election promise. Through this, students will be able to take a loan of up to Rs 10 lakh at a simple interest rate through a credit card.

Students preparing for higher education and competitive examinations will also get direct benefits from this scheme. At the same time, students will also get 15 years to make loan payments. Students will be able to take advantage of this scheme for 40 years. Let us know what is the Student Credit Card Scheme, about its eligibility, benefits, features, interest rate, and online application process.

West Bengal Student Credit Card Scheme 2021

West Bengal Student Credit Card Scheme 2021

West Bengal Chief Minister Mamata Banerjee has launched the Student Credit Card Scheme 2021 for students. Through this credit card, students will be able to take loans up to Rs 10 lakh for higher education. Mamta said on the occasion of the scheme’s launch at the State Secretariat Nabanna, “I am happy to announce that a credit card was launched for students in Bengal today.”This will enable the young people of Bengal to become more self-reliant. Under the CM students credit card scheme, students will be able to get a loan up to a maximum of Rs 10 lakh at a nominal annual interest rate.

CM Mamta said that parents no longer need to worry about how their children will study. It will help students wherever they want to study in the country and abroad. She said that the facility for applying online for the card has been given. In this scheme, people searching for professional doctor posts and doctor posts at the secondary level will also benefit. After the approval of the cabinet, this scheme was implemented in West Bengal.

Highlights

Scheme Name Student Credit Card Scheme
Launched By West Bengal Government
Year 2021
Beneficiary Students of West Bengal
Benefit Students can take loans up to 10 lakhs
आवेदन स्थति Inactive (Official Website)

WB Student Credit Card Scheme Interest Rate

The Government of Bengal wants to provide easy loans to the students along with low interest rates. Under this scheme, students can take a loan at 4% interest. Students who studying in the 10th class or studying in the above class, all can take advantage of this scheme.  This loan will be provided in any mortal or intangible form without any security or collateral security other than the co-liability of the parents.

Payment Period of CM SCCS 2021

Students preparing for higher education and competitive examinations will also get direct benefits from this scheme. At the same time, students will also get 15 years to make loan payments. Students will be able to take advantage of this scheme for 40 years.

Objective Of  Student Credit Card Scheme 2021

The main objective of this scheme is to provide education-related education loans to students so that they can complete their education without financial difficulty. Many such students exist in the country, whose families’ financial circumstances are precarious. Such families are unable to invest in educational expenses. That’s why the Government of West Bengal released the West Bengal Student Credit Card Scheme for the students of the state. With the help of this scheme, the student can take a loan at a low interest rate and can bear his education-related expenses like food, stationery, etc.

Government Credit Guarantee Scheme 2021

Benefits of Student Credit Card Schemes

  • Students in class X or above who have lived in the state for at least ten years will be eligible for the benefits of this scheme.
  • In its manifesto for the recently concluded assembly elections, the Trinamool Congress promised to give students credit cards, which has since been fulfilled.
  • Under this scheme, any family living in Bengal for 10 years can take advantage of it.
  • Anyone up to the age of 40 years can take advantage of this.
  • It could be available for undergraduate, postgraduate, doctoral, and post-doctoral degrees, etc. in India and abroad.
  • Under this scheme, the student will get a maximum time of 15 years to repay the loan. This time will also start after getting the job.
  • This will be of great help to private institutions or students studying abroad.
  • The institution and department of higher Education will send the application of students to the bank.
  • Students can use the loan amount for institutional as well as non-institutional expenses like rent, hostel fees, study tours, projects, etc.

Eligibility Under CM Student Credit Card Yojana

  • The applicant must be a permanent resident of West Bengal.
  • Applicant must be living in West Bengal for a period of at least 10 years.
  • The upper age limit to apply for this scheme is 40 years.
  • This scheme is open to students in the tenth or higher grade.

Documents

  • Aadhar Card
  • Residence Certificate
  • Age Proof
  • Ration Card
  • Income Certificate
  • Mobile Number
  • Bank Account Details
  • Passport Size Photograph

West Bengal Student Credit Card Scheme Registration Procedure

The Government of West Bengal has just recently launched the West Bengal Student Credit Card Scheme 2021. There is currently no information regarding the application process. We will update this article as soon as the West Bengal government will provide information about the application process for this scheme.

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