GOVERNMENT OF WEST BENGAL
DEPARTMENT OF HIGHER EDUCATION
The student can incur expenditure up to 30% of the total loan sanctioned for non-institutional expenses for the
whole course of study. However, the student studying in such Government Institutions having very less institutional
expenses can incur expenditure not more than Rs.3.00 lakhs as non-institutional expenses during the whole course
Up to 20% of the total loan sanctioned can be used as living expenses for the duration of the course. However,
the student studying in such Government Institutions having very less institutional expenses, can incur expenditure
not more than Rs.2.00 lakhs as living expenses during the whole course of study”.
This has issued in concurrence with the Finance Department vide their U.O. No. Group-B/2021-2022/0030 dated
12.08.2021 and Group-N, U. O. No. 1669 dated 11.08.2021.
WEST BENGAL STUDENT CREDIT CARD INTEREST SUBSIDY ARRANGEMENT, 2021
One of the major objectives of the State Government is to ensure that no student is denied the opportunity to
pursue higher education because he or she is financially weak. To achieve this objective, Government of West Bengal launched an Arrangement titled WEST BENGAL STUDENT CREDIT CARD INTEREST SUBSIDY ARRANGEMENT, 2021(WBSCCISA). The arrangement provides interest subsidy to the extent that the students have to bear interest burden of only 4% p.a. at simple rate during the full period of the education loans without providing any collateral security and third-party guarantee, for pursuing education from class 10 onwards.
This arrangement benefits all categories of students irrespective of income for pursuing education / research from
class 10 onwards in India and overseas and intends to provide affordable higher education. The Arrangement, envisages uplifting the students from the grassroot level and increasing the number of qualified technicians / professionals in the nation.
The student seeking loan under the arrangement should be an Indian national and resident of West Bengal for the
last 10 years. Self-declaration by the student as prescribed under the West Bengal Student Credit Card (WBSCC)
Scheme is accepted.
- Student must have got himself enrolled for higher studies / research either within or outside the country, in
the Schools, Madrasahs, Colleges, Universities and other institutes like IITs, IIMs, IISc, IIESTs, ISIs, NLUs, AIIMSs, NITs, XLRI, BITS, SPA, NID, IIFTs, ICFAI Business School etc. or studying in various coaching
institutes for appearing in different competitive examinations like Engineering/ Medical/ Law, IAS, IPS,
WBCS, SSC etc.
- Aspiring Student will apply online as per the format provided through a web-based portal to be maintained by
the Higher Education Department through the respective School/ Madrasah/ College/ University/Institute in
which he has got enrolled. The portal will have dashboard for each such student which shall be accessible to
the Institutes concerned, the Department and the Banks.
- The interested students should not be aged more than 40 (forty) years at the time applying for loan.
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