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Education & Learning

West Bengal Student Credit Card Scheme

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 without having any financial constraints.

Authority

State

Region

West Bengal

Status

Verified 2026

Updated

March 2026

What you get

Points | - 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.

Who can apply

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.

Required Paperwork

  • Aadhaar Card
  • PAN Card
  • Income Certificate
  • Residence Proof (Domicile)

Common Questions

Whether the Photograph in Black & White is acceptable for applying online under the Scheme?

Only color photograph is required to be uploaded.

Can the student apply anytime during the tenure of the course?

Yes, students can apply anytime during the tenure of the course

How to apply for this scheme?

Visit www.wb.gov.in or https://banglaruchchashiksha.wb.gov.in and click on "STUDENT CREDIT CARD" tab or Log in to https://wbscc.wb.gov.in

What is the key benefit of this scheme?

A maximum amount of [?]10,000,00/- loan can be availed at 4% simple rate of interest per annum, after interest subvention.

Where will the fund meant for Institutional payment be received?

Amount of loan to meet the expenses for course fee including tution fee and any other amount payable to the Institution will be remitted directly to the bank account of the concerned institution.

Where will the fund meant for non-institutional expenses including living cost for pursuing the course be received?

Amount of loan to meet the expenses for meeting the non-institutional expenses including living cost will be remitted to the registered bank account of the student.

Is there any age limit to apply for Student’s Credit Card Scheme?

Yes, the applying student should not be aged more than 40 (forty)years at the time of applying for loan.

Are students enrolled in integrated courses of recognized institutions eligible to apply?

Yes, students enrolled in integrated UG/PG courses are eligible to apply under Student Credit Card(SCC) scheme.

Are the Research Scholars/Research Associates/Post doctoral research students eligible to apply for Student Credit Card(SCC) scheme?

Yes, research scholars or research associates or a student pursuing post-doctoral research studies are eligible to apply for Student Credit Card(SCC) scheme.

Can student get the loan only for the Indian Institutes ?

No, Student can get the loan also for Institutions Outside India.