Dev Narayan Siksha Sansthan arranged a student credit card programme on 27/11/2024.

 

Report on Student Credit Card Awareness Programme

 

 

 

The Student Credit Card Scheme, an initiative launched by the Government of West Bengal, has been designed to provide financial assistance to students for pursuing higher education. To spread awareness about this progressive scheme, an awareness programme was conducted, focusing on educating students and stakeholders about its benefits, features, and application process.

 

The scheme primarily aims to make education more accessible by offering financial support through low-interest credit facilities. Students can avail of loans up to 10 lakh to cover tuition fees, accommodation, books, laptops, and other related educational expenses.

 

Loan Amount: Up to 10 lakh is provided for educational expenses.

 

 Eligibility:  Open to students studying in Class 10 and above. Applicable to those pursuing education in India or abroad.Applicants must be residents of West Bengal for at least 10 years. Low-interest rate of 4% per annum. An additional 1% concession for timely repayment.

 

Repayment Terms: Loan repayment period extends up to 15 years, including a moratorium period (study period plus one year).

 

Collateral-Free: No requirement for collateral or a guarantor.

 

 Purpose of the Loan: Covers a range of educational expenses, including course fees, books, study materials, and computers.

 

Application Process: Students can apply through the official website (wb.gov.in) or the dedicated Student Credit Card portal.

 

Required Documents: Identity proof (e.g., Aadhaar, voter ID).

 

Proof of admission and residence certificate.Fee structure of the course and recent passport-size photograph.

 

 Verification: Applications are verified by the institution and concerned authorities before the loan is disbursed.

 

Benefits of the Scheme : The Student Credit Card Scheme empowers students from economically weaker sections to pursue their dreams of higher education without financial constraints. By covering a wide range of educational expenses, it encourages skill development and allows students to focus on their studies, fostering a more educated and skilled workforce.

 

The awareness programme emphasized the importance of this scheme, especially for economically weaker sections, through interactive sessions, distribution of informative brochures, and live demonstrations of the online application process. Students and parents were guided on how to prepare documents and submit applications efficiently.

 

The Student Credit Card Scheme is a significant step towards achieving inclusive education. Programmes like this play a crucial role in ensuring that deserving students are aware of and can benefit from such initiatives, ultimately contributing to the academic and economic growth of the state.