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 higher education w...
The Scheme provides a maximum loan of ₹10,00,000/- at a 4% simple annual interest rate after interest subvention.
The interest rate for loans up to ₹10,00,000/- is set at the prevailing 3-year MCLR of State Bank of India plus 1%, fixed at the time of sanction.
Students can access the loan at any point during their course of study.
Both the student and the parent/legal guardian must co-submit the loan application.
An agreement between the student, parents/legal guardians, and the bank will formalize the loan terms.
**Margin money:**
Up to ₹4,00,000/-: Nil
Above ₹4,00,000/-: 5%
Scholarships/assistance ships included
Paid pro-rata as disbursements are made
**Security**:
No unnecessary restrictions or collateral security
No security/collateral other than co-obligation of parents/legal guardians
State government to enter separate agreement with banks
**Insurance:**
Life cover for student up to loan amount
Premium paid by student and debited from loan account
**Time limits:**
The Higher Education Department and the School Education Department will communicate on loan sanctioning and disbursement process timeline after receiving approval from the competent authority.
पात्रता (कौन ले सकता है)
Indian citizen & resident of West Bengal for 10 years (self-declaration).
Applicant should not be aged more than 40 years at application time.
Applicant should enrolled in higher education programs within or outside the country in schools, madrasahs, colleges, universities, IITs, IIMs, IISc, IIESTs, ISIs, NLUs, AIIMSs, NITs, XLRI, BITS, SPA, NID, IIFTs, ICFAI Business School, etc. or studying in coaching institutes for various competitive exams such as Engineering, Medical, Law, IAS, IPS, WBCS, SSC, etc.
**Note:** Students upload progress reports after each semester/year.
आवेदन कैसे करें
**Online**
Applicant have to visit the official [website ](https://wbscc.wb.gov.in)and click on "STUDENT CREDIT CARD"1.
Now Click on “STUDENT REGISTRATION” option and select the one option from the following
- For [institutions in India](https://wbscc.wb.gov.in/Applicant_Registration). - For [institutions outside India](https://wbscc.wb.gov.in/Scc_Foreign/Applicant_Registration).
Provide the require details for online registration process and click on “Submit” button to generate user id and password.
After completion of the registration process a unique id will be generated.
Now with the credentials need to log in through clicking on “Student Login” button from the home page
Here the candidate need to furnish their all details which can be accessed through the “Applicant Dashboard.”