Q1. What is the West Bengal Student Credit Card?

Ans. The West Bengal Student Credit Card is an education loan scheme introduced by the Government of West Bengal to help students pursue higher education without financial burden. Under this scheme, eligible students can avail education loans of up to Rs. 10 lakh at a low interest rate with government support.

Q2. Who launched the West Bengal Student Credit Card scheme?

Ans. The scheme was launched by Mamata Banerjee with the objective of making education affordable and accessible to every student in the state.

Q3. Who can apply for the West Bengal Student Credit Card?

Ans. Any student who is a permanent resident of West Bengal and has lived in the state for at least ten years can apply. The student must be enrolled in a recognized school, college, university, or professional institution in India or abroad.

Q4. What is the maximum loan amount under this scheme?

Ans. Under the West Bengal Student Credit Card scheme, students can receive a loan of up to Rs. 10,00,000 to cover education related expenses such as tuition fees, accommodation, books, and equipment.

Q5. Is there any income limit for applying?

Ans. No, there is no income limit for the West Bengal Student Credit Card. Students from all economic backgrounds can apply for this scheme.

Q6. Does the student need to provide collateral?

Ans. No collateral is required. The Government of West Bengal acts as a guarantor, which makes it easier for students to get the loan approved.

Q7. Can students study abroad using this scheme?

Ans. Yes, the West Bengal Student Credit Card can be used to finance higher education in foreign universities as well as institutions in India.

Q8. What is the interest rate for this education loan?

Ans. The interest rate is very low compared to regular education loans, and the state government provides interest subsidy for students who repay on time, making the loan highly affordable.

Q9. How can a student apply for the West Bengal Student Credit Card?

Ans. Students must apply online through the official portal of the West Bengal Student Credit Card Scheme by filling out the registration form and uploading the required documents.

Q10. When does repayment start?

Ans. Repayment usually begins after the student completes their education and gets a job, giving them enough time to become financially stable before paying back the loan.