Education costs have risen in the last few years, and it is becoming more difficult for parents to pay for their kid's higher education. The West Bengal government has created a student credit card that allows students to get a loan of up to Rs10 lakhs to help them pay for higher education. Only students from West Bengal can apply for the West Bengal Student Credit Card Scheme. They have 15 years to repay the loan. This loan can be used to pay the tuition fee, course fees, books, computers, and other expenses. 

West Bengal Student Credit Card Features

• The credit card's maximum limit is Rs10 lacs.
• This loan's interest rate will be 4% per year on a Simple Interest Basis.
• This loan can be repaid for up to 15 years.
• This card can be used to further your education.
• Applicants may use the limit to study in India or Abroad.
• This loan does not require a guarantor.
• The state will guarantee this loan.
• The loan is available to undergraduates, postgraduates, and doctoral students in India and Abroad.
• Students enrolled in coaching classes can apply for this loan to prepare for competitive exams.
• Students can apply for loans at any bank, non-governmental organization, or cooperative institution.
• You can apply online for the student credit card even during your course.

Eligibility Criteria for this West Bengal Student Credit Card Scheme

• The maximum limit loan is Rs 10 Lacs.
• The student's age must not exceed 40 years.
• The minimum time a student must live in West Bengal is 10 years.
• The maximum repayment term for this loan is 15 years.

How to apply for the West Bengal Student Credit Card

• This loan can be applied for by the State Cooperative Banks or its affiliated Central Cooperative Banks as well as District Central Cooperative Banks, private sector and public sector banks based in West Bengal.
• Students can apply online through the web portal. The higher education department will maintain it.
• You will need to apply at the educational institution where you were admitted.
• Your AADHAR Card, or Class X registration number, will need to be linked with the portal.
• A self-declaration will be required. This will be attached to your application form.
• Students who apply for this loan must upload their progress report cards.