Student Credit Card

It is known from the official website of the WBSCC Department of Higher Education Govt. of West Bengal, under the visionary leadership of Mamata Banerjee, Hon’ble Chief Minister, West Bengal, the Higher Education Department, Government of West Bengal has introduced the Student Credit Card Scheme (SCCS) for the students of West Bengal to enable them to pursue education without having any financial constraints. This scheme is designed to support the students to pursue School & Higher Education including undergraduate and post graduate studies and professional courses in College, University and other affiliated institutes within and outside India.

The students studying in various coaching institutions for appearing in different competitive examinations like Engineering, Medical, Law, IAS, IPS, WBCS etc, can also avail this education loan under this scheme. A student from West Bengal can obtain a maximum loan of Rs. 10 lakhs @ 4% per annum simple interest from the State Cooperative Bank and its affiliated Central Cooperative Banks and District Central Cooperative Banks and Public/ Private Sector Banks.

It is mentioned that 1% interest concession will be provided to borrower if the interest is fully serviced during the study period. The upper age limit for the interested students has been kept as 40(forty) years at the time of applying for loan. The repayment period shall be fifteen (15) years for any loan availed under this Credit Card including the Moratorium/ repayment holiday. For details kindly go through the Scheme given in this portal.

Visit the link : https://wbscc.wb.gov.in/