The government of West Bengal has started a new program for all kids who want to keep going to school. But because of money problems, they can no longer pay for schooling. So, the government has come up with a plan called the WB Student Credit Card Scheme 2023. Under this plan, students can easily get help from the government for their schooling and can keep studying without worrying about money. The government has given all students permission to join the program and get the rewards of it.
WB Student Credit Card Scheme 2023
On June 30, 2021, the WBSCC West Bengal Student Credit Card Scheme began. Students in class 10th or higher can take advantage of the “Student Credit Card Scheme” and get a credit of up to Rs.10 lakh to go to school, college, or institute for higher education in the same state, in another state, or abroad. The most interesting thing about this loan is that students don’t need security to get it, and the interest is only 4% simple interest per year. Those who are interested and eligible can only get help from this plan until they are 40 years old, and they have 15 years after getting a job to pay back the loan.
WB Student Credit Card Scheme 2023 Eligibility Criteria
- The “Student Credit Card Yojana” program started by West Bengal State is only for students.
- Students who are in classes above the 10th grade can get a loan.
- The most you can be is 40 years old.
- The applicant must live in West Bengal State full-time.
- The person who wants to apply must have lived in West Bengal for at least 10 years.
- You can get a loan to study for National Level Competitive Examinations like IPS, WBPSC, IAS, IITs, IIMs, etc.
- After getting a job, you have 15 years to pay back the loan.
- This loan can only be used for Higher Education and cannot be used for business.
Documents to Apply WB Student Credit Card Yojana 2023
Before starting the online application process, the candidate must keep the following documents:
- Color Photograph of Application (.jpeg/.png format 20kb to 50kb)
- Color photo of the co-applicant or co-borrower (20kb to 50kb,.jpeg or.png file)
- Signature of Student (.jpeg/.png format 10kb to 50kb)
- Co-borrower / Guardian’s Signature (.jpeg/.png format 10kb to 50kb)
- Student Aadhar Card (Only PDF format – 50kb to 400kb)
- Student Registration Certificate for Class 10 (only 50kb to 400kb in PDF format)
- Guardian’s Proof of Address (PDF 50kb–400kb)
- Admission Receipt (PDF 50kb to 400kb)
- Student Pan Card or promise if no Pan Card (PDF Size 50kb to 400kb)
- Guardians PAN card or promise if there is no PAN card (PDF Size 50kb to 400kb)
- Relevant Page of the Brochure or Document with Course Fees (PDF Size 50kb to 400kb)
How to Apply for WB Student Credit Card 2023?
Students who are eligible and want to sign up online for the West Bengal Student Card Scheme must do so on the WBSCC website. Here are some instructions and straight links:
- First, go to the official website for WBSCC, which is wbscc.wb.gov.in. This website is run by the Department of Higher Education in West Bengal.
- Main Menu on the Home Page Choose “Student Registration” by clicking on it.
- Now, the Student Registration – Online Application Form is showing on your computer screen.
- The applicant should have to give their name, address, date of birth, Aadhar number, contact information, password, school qualifications, and so on. After you’ve filled in all the right information, click the “Register” button.
- Now, use your Application ID and password to log in and finish the application process.
- Fill in the needed information and upload any documents that can help.
- Check the information given on the online application and then move on to the final submission for this plan. Take a printout to use as a guide in the future.
Interest Rate of WB Student Credit Card
Students in class 10 and above can use the West Bengal student credit card system. Through this program, students can get a loan without having to put up any security and with a small interest rate of 4%. This loan will be given without any kind of tangible or intangible protection or collateral, except for the co-obligation of the parents. This loan will be paid back over 15 years. The student’s application will be sent to the bank by the school and the Department of higher education. Students can use the money from the loan for school-related and non-school-related costs, like rent, hotel fees, study trips, projects, etc.
Repayment Period Of WB Student Credit Card
The plan was part of the Trinamool Congress’s plan for getting elected. Students can use this program until they are 40 years old. Students have 15 years from the time they get a job to pay back the loan. Also, the process of applying for a loan will be made easier, making it easier for students to get loans. Online is another way for students to get a credit card. On June 30, 2021, the West Bengal Student Credit Card Scheme went into effect. No matter how much money they have, West Bengal kids will now be able to go to college.
Read More: Kisan Credit Card Yojana 2023: Apply Online | Benefits | KCC Loan Limit | Objectives
Conclusion
The WB Student Credit Card Scheme 2023 is a program for students in class 10th or higher to get a loan of up to Rs.10 lakh to go to school, college, or institute for higher education. Eligibility criteria include living in West Bengal State full-time and having lived in West Bengal for at least 10 years. Apply for WB Student Credit Card 2023 online by visiting the WBSCC website and filling in the online application form. The West Bengal Student Credit Card Scheme allows students in class 10 and above to get a loan with a small interest rate of 4%, with a repayment period of 15 years.
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