What is the WB Student Credit Card Scheme?

The West Bengal Student Credit Card Scheme provides collateral-free education loans up to ₹10 lakh at a concessional interest rate of 4% per annum to students pursuing higher education in India or abroad.

What is the interest rate under WB Student Credit Card Scheme?

The West Bengal Student Credit Card Scheme offers education loans at a fixed interest rate of 4% per annum, which is significantly lower than regular education loans offered by commercial banks.

Who is eligible for WB Student Credit Card?

Students who are residents of West Bengal, aged up to 40 years, have passed Class 10 or above, and are pursuing or planning to pursue higher education in India or abroad are eligible.

How to apply for WB Student Credit Card?

Applications can be made online at the official portal wbscc.wb.gov.in. Students need to fill the form, upload required documents, and get it verified by the institution and district nodal officer.

What expenses are covered under the Student Credit Card?

The loan covers tuition fees, hostel fees, books and stationery, computer/laptop, exam fees, travel expenses, and other education-related costs up to ₹10 lakh.

What is the repayment period for WB Student Credit Card?

Repayment begins 15 years after the date of the first disbursement, with the loan to be repaid over a period of up to 15 years, making it highly manageable for students.

West Bengal Government Scheme – Higher Education Finance

Student Credit Card Scheme – Education Loan for WB Youth – স্টুডেন্ট ক্রেডিট কার্ড প্রকল্প

Low-interest education loan up to ₹10 lakh for higher studies | WB 2026

Updated 2026 – Interest rate further reduced; online application streamlined

Education Loan₹10 Lakh Limit Higher Studies Low Interest Rate

About Student Credit Card Scheme

Student Credit Card Scheme (স্টুডেন্ট ক্রেডিট কার্ড) is a transformative West Bengal government initiative providing collateral-free education loans up to ₹10 lakh at a very low interest rate (4% simple interest) to students pursuing higher education in India or abroad. The scheme removes the biggest barrier to higher education — lack of finance — by offering accessible credit to students from Class 10 pass onwards, up to age 40, enabling them to pursue their dreams of professional and academic excellence.

₹10L

Maximum loan amount — collateral free

Simple interest rate per annum on the loan

15 Yrs

Repayment period — relaxed schedule

Age 40

Upper age limit for applicants

Benefits & Features

Collateral-free loan up to ₹10 lakh for higher education
Low interest rate of 4% simple interest per annum
Repayment period up to 15 years — starts after course completion
Available for studies in India or abroad in recognised institutions
Covers tuition, living expenses, books, and study materials
Applicable for courses from Class 10 pass level onwards up to age 40

⚠️ Repayment: Repayment begins after course completion or when the student gets employment, whichever is earlier. Moratorium period is provided during the course.

How to Apply – 2026

Apply online at wbscc.wb.gov.in (Student Credit Card portal)

Fill in course details, institution admission letter, and personal information

Submit with required documents — no collateral or guarantor needed

Application is verified by the WB Student Credit Card Scheme authority

Loan is sanctioned and disbursed to the institution/student account

Aadhaar Card Admission Letter from recognised institution Income Certificate (family) Bank Account Details Passport Photo Class 10/12 Mark Sheet

Official Portal & Status Check

Official Portalwbscc.wb.gov.in

Step 1Visit the official portal listed above

Step 2Enter your application/registration ID or Aadhaar

Step 3Check application and payment/benefit status online

The Student Credit Card Scheme has removed the financial barrier that prevented thousands of talented West Bengal students from pursuing higher education. With ₹10 lakh at 4% interest, collateral-free and with flexible repayment, it truly invests in the future of Bengal’s youth.

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