Student Credit Card: The West Bengal Government is providing loans up to ₹10 lakh for students । Check how to apply

Most students wish to pursue higher education after completing Madhyamik (Class 10) or Higher Secondary (Class 12). Many want to take up professional courses, while others aim to complete master’s degrees or even PhDs. However, students from poor or middle-class families often fail to continue their education due to high expenses. As a result, many are forced to discontinue their studies.

To solve this problem, the West Bengal Government, under the initiative of Chief Minister Mamata Banerjee, launched the Student Credit Card Scheme.

Through this card, eligible students can take loans of up to ₹10 lakh from banks. Students up to 40 years of age can apply for this loan, and the State Government acts as the guarantor. This ensures that students can pursue their education without hesitation or financial fear.

All types of educational expenses can be covered through this loan under the Student Credit Card Scheme.

Let’s now look at the eligibility criteria, documents required, and interest rates for applying. If you want to get an education loan or are interested in getting a Student Credit Card, then this information will be especially important for you.

Overview of Student Credit Card Scheme

What is the Student Credit Card Scheme?

The Student Credit Card is an initiative launched by Mamata Banerjee to help students continue their studies through financial assistance. Through this card, students can take a loan of up to ₹10 lakh from designated government banks and use it exclusively for educational purposes. The State Government acts as the guarantor, meaning students do not need to worry about loan security or repayment approval. Students can obtain this loan from various government banks.

Benefits of the Student Credit Card Scheme

The Student Credit Card is especially important for students who want to continue their studies using a bank loan. The major benefits include:

• Students can take loans for any level of education—from secondary school to postgraduate studies.
• Most schools and colleges in India, especially government institutions, will accept the Student Credit Card scheme.
• Students from any general or professional course will receive financial support under this scheme.
• Private tuition fees and other educational expenses can also be paid using this loan.
• The scheme is available through government banks, private banks, and cooperative banks across West Bengal, allowing students to access the loan easily from their nearest bank.

Who Can Apply for the Student Credit Card Scheme?

To apply, students must meet the following eligibility criteria:

• The applicant must be a resident of West Bengal for at least 10 years.
• The student must have passed the Madhyamik (Class 10) examination.
• The applicant must be below 40 years of age.

Documents Required to Apply for the Scheme

Applicants must collect the following documents:

• Previous exam mark sheets
• Admission receipt of the current academic year
• Applicant’s ID proof (Aadhaar/Voter ID/PAN Card/other)
• Residence proof
• Annual family income certificate
• Passport-size color photograph
• First page of applicant’s and guardian’s bank passbook

How to Apply for the Student Credit Card Scheme

Students may apply online or offline.

Offline Application Process

• Collect the application form from your nearest Duare Sarkar Camp.
• Fill in the form correctly and attach the required documents.
• Submit the completed form at the same camp.

Online Application Process

1. Visit the official Student Credit Card Scheme website.
2. Click on “Student Registration”.
3. Enter all required details such as name, address, mobile number, email ID, Aadhaar, etc. (Aadhaar is not mandatory to apply).
4. Click “Register”.
5. An OTP will be sent to your registered mobile number—enter it for verification.
6. After registration, your Registration ID and Registered Mobile Number will appear on screen.
7. Log in again using your Registration ID.
8. Click on Apply Now.
9. Fill in all required details about yourself and your guardian.
10. Upload the required documents:

• Applicant’s photo and signature
• Guardian’s photo and signature
• Address proof (Voter ID)
• Admission receipt
• PAN (Student & Guardian)
• Course-related documents

11. Click Save and Continue, review the form, and finally click Submit Application.

How to Check Student Credit Card Application Status

To check your application status:

1. Visit the official portal and click Student Login.
2. Enter your Application ID, Password, and Captcha.
3. After logging in, open the Dashboard.
4. Click Track Application (found in the upper right corner).
5. You can now see the status of your application—whether it is pending, approved, or under review.
6. You can also check:
   • Loan amount sanctioned
   • Amount used
   • Remaining balance

Important Links related to the Student Credit Card Scheme

1) How much loan is given under the Student Credit Card?

Through the Student Credit Card, you can take a one-time loan of up to ₹10 lakh.

2) What needs to be done to apply for the Student Credit Card?

To apply for the Student Credit Card, you must submit an online or offline application.
For online application, you need to visit the official WBSCC portal (West Bengal Student Credit Card portal).

3) Which bank’s credit card is best for students?

For the Student Credit Card, you can apply at any nearby government or private bank participating in the scheme.

4) Can a student get a credit card?

Yes, if you are currently pursuing your studies, you are eligible for the Student Credit Card.
However:

• Your age must be below 40 years, and
• You must have passed Madhyamik (Class 10).

5) Can someone get a credit card at the age of 18?

Yes, as long as the applicant is under 40 years of age, they can apply for a Student Credit Card.

6) What is the interest rate of the Student Credit Card loan?

The annual interest rate for the Student Credit Card loan is 4%.
However, if you pay the interest while still studying, the rate reduces by 1%, meaning you pay 3% interest per year.