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Student loans | Rs 10 lakh - the government will be the guarantor | student loans gov | Loan | Gov

Student loans | No worries in higher education! You will get a bank loan of up to Rs 10 lakh - the government will be the guarantor.

student loans gov

The West Bengal government has introduced the Student Credit Card Scheme for higher education of students. As a result of this scheme, only those who have been in this state for 10 consecutive years will get this facility. Students from class X will get a bank loan of up to Rs 10 lakh for higher education through WBSCCS.

The project was approved on June 24. The Chief Minister said, "From now on, parents will not have to worry about taking loans. You don't have to sell houses. The government will be the guarantor of this loan. Students are our pride. They will be able to take this loan to cover the cost of studying in different institutions at home and abroad. The government will give this money online. '

The project will be officially launched on June 30.

This student will be eligible to apply for WBSCCS of Credit Card Scheme.

  • Students from class X will get a bank loan of up to Rs 10 lakh for higher education.
  • A maximum of 40 years of age can apply.
  • Families who have been living permanently in the state for 10 years can apply.

What kind of study will get this WB student credit card scheme

Students will be able to take a loan of up to Rs.10 Lakh

What are the benefits of Student Credit Card Scheme?

  • State students will get easy loans for higher education.
  • The state government will be the guarantor of the loan. Parents or legal guardians will not be bound by the agreement with the bank only.
  • The loan has to be repaid within 15 years after 1 year. However, loan repayment can be suspended for 1 year after the completion of the course or the students join the job.
  • The loan will be available at an interest rate of only 4 percent.
  • If you repay this loan on time, you will get 1 percent discount on interest.

Where to get this loan.

West Bengal State Cooperative Bank and its approved Central Cooperative Banks / District Central Cooperative Banks. These loans will be provided from other recognized public / private sector banks.

How to apply

Applications can be made online from specific portals. West Bengal Student Credit Card Online Application.

Online application student credit card

After applying online, students will get this credit card. Which can be used for higher education.

How to use this student credit card WBSCCS money.

Institutional expenses

  • College / University / H.E. Course Fees Payable Institute (Included) Tuition Fee, Examination Fee, Library Fee etc.
  • Caution Deposit / Building Fund / Fee for Refundable Deposit (Supported by Institutional Bills)

Non-institutional expenditure

  • College / University / H.E. Fees required to stay at the Institute Hostel
  • Rent / license fee for staying out of the hostel, or expenses for staying
  • Expenses for buying books / computers, laptops / tablets etc.
  • Other expenses required for completion of course, CHS, study tour, project work, thesis etc.

However, there are some rules for using this money for non-institutional work.

  • A student can spend up to 30 percent of the total loan approved for the entire course of study for non-institutional expenses.
  • You can spend up to 20 percent of the total loan on non-institutional expenses for living expenses.

How to use this student credit card.

In case of institutional use, the money will go to the bank account of the government institution. In the rest of the case, the money will be given to the bank account of the student.

What documents are required to apply?

  • Proof of address.
  • Certificate of family income.
  • Marksheet
  • Documents required for higher education registration or selection documents.
  • Identity card of students and their parents (Aadhaar card / PAN card / copy of passport).
  • Bank account number.
  • Bank account statement (last six months)

If you apply with a specific statement, the higher education department will send the application to the bank. Cards can be delivered home through the bank. At the end of the application a message will come on the mobile. Whether the application has been accepted will be informed by sending a message on the mobile.

Student Credit Card various necessary links and toll free no

  • Toll Free No: 18001028014

You will find links to this application from a total of 3 websites.

  1. www.wb.gov.in.
  2. https://banglaruchchashiksha.wb.gov.in
  3. https://wbscc.wb.gov.in

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