WEST BENGAL STUDENT CREDIT CARD SCHEME
Official Policy and Operational Information Document
Β The West Bengal Student Credit Card Scheme (WBSCC) is a government-backed education financing initiative implemented through a fully digitized and integrated workflow system involving students, institutions, government departments, and banks.Β
1.Β Scheme Establishment and Legal Framework
The West Bengal Student Credit Card Scheme (WBSCC) was notified by the Department of Higher Education, Government of West Bengal through Gazette notification dated 30 June 2021 and is implemented through the official portal https://wbscc.wb.gov.in
Subsequent amendments and operational refinements were issued through:
β’ Interest Subsidy Arrangement Notification dated 03 August 2021
β’ Amendment Notification dated 13 August 2021 modifying expenditure ceilings
β’ Operational Manuals and Standard Operating Procedures issued by the Higher Education Department for students, institutions, government officials, and banking partners.
2. Objective of the Scheme
The scheme aims to facilitate students in accessing structured education loans for pursuing education and research from Class X onwards, including studies in India and overseas, by enabling:
β’ Centralized online application
β’ Institutional verification
β’ Government departmental scrutiny
β’ Bank-based loan sanction and monitoring
β’ Digitized document verification and reporting systems
3. Loan Coverage and Financial Limits
| Maximum Loan Amount | βΉ10.00 lakh |
| Eligible Study Level | From Class X onwards (India & Overseas) |
Permitted Utilization of Loan Amount
| Expense Category | Permitted Items |
|---|
| Institutional Expenses | Tuition fees, admission fees, examination fees, lab/library fees, caution deposit, hostel fees, other institutional charges supported by receipts |
| Non-Institutional Expenses | Books, computer/laptop/tablet/equipment, project/thesis work, study tours, accommodation and living expenses |
Expenditure Ceiling (Amendment)
| Non-Institutional Expenses Ceiling | Maximum 30% of total sanctioned loan; up to βΉ3.00 lakh for Government Institutions with minimal institutional cost |
| Living Expenses Ceiling | Maximum 20% of sanctioned loan; up to βΉ2.00 lakh for Government Institutions |
4. Interest Subsidy Arrangement
The West Bengal Student Credit Card Interest Subsidy Arrangement, 2021 regulates interest support mechanisms:
β’ Interest is calculated on a simple interest basis
β’ Government provides subsidy support to restrict borrower burden
β’ Banks submit quarterly audited subsidy claims
β’ Claims are processed by the WBSCC Interest Subvention Cell
β’ Subsidy disbursement is made to banks, which credit student loan accounts accordingly
5. Stakeholder Ecosystem
β’ Student (Applicant)
β’ Head of Institution
β’ School Education Department / Higher Education Department
β’ District Inspector (SED)
β’ Bank Branch Officers
β’ Bank District Nodal Officers
β’ Bank Head Offices
β’ State Monitoring Authorities
6. Digital Infrastructure Requirements (Bank Level)
Banks participating in scheme operations must maintain:
β’ Computer system
β’ Printer
β’ Scanner
β’ Internet connectivity
7. Student Online Application Workflow
7.1 Registration Process
Students must register on https://wbscc.wb.gov.in and select application category:
β’ Institutions within India
β’ Institutions outside India
Registration requires:
β’ Personal details
β’ Address details
β’ Bank account information
β’ Guardian/co-borrower details
β’ Password generation
OTP verification is mandatory for registration confirmation. SMS and email alerts are generated upon successful registration
7.2 Document Upload Requirements
| Applicant photograph and signature |
| Co-borrower photograph and signature |
| Aadhaar card |
| Age proof |
| Address proof |
| PAN card or undertaking |
| Admission receipt |
| Course fee brochure |
| Last qualifying examination certificate |
8. Institutional and Department Verification
| Verification Area | Details Checked |
|---|
| Student Information | Identity, age, contact details |
| Academic Details | Course duration, enrolment year, scholarship status |
| Loan Parameters | Loan amount requested, bank details |
| Co-Borrower | Guardian information verification |
| Documents | Authenticity of uploaded documents |
| Application Outcome | Forwarded to bank or returned to institution with remarks |
9. Bank Loan Processing Workflow
| Stage | Bank Action |
|---|
| Login & Authentication | IFSC-based login with captcha verification |
| Dashboard Access | Pending, sanctioned, rejected applications |
| Application Review | Document download, eligibility evaluation, admission & fee verification |
| Decision | Loan sanction or rejection with uploaded sanction letter |
| Communication | Automated SMS alerts to applicants |
10. Provisional Approval and 100% Document Verification System
10.1 Provisional Approval
Bank branches may issue provisional approval and generate mobilization camp document lists. Provisionally approved amount must be entered both numerically and in words
10.2 District Inspector (DI) Verification
District Inspectors perform:
β’ Camp attendance marking
β’ Document verification
β’ Status tagging (present, absent, not interested)
β’ Upload of declarations
β’ Forwarding of verified cases to banks
10.3 Bank Agreement / Disagreement
Banks review 100% document submissions and:
β’ Agree β proceed to final processing
β’ Disagree β return to DI with remarks
11. Returned Application Handling
Bank branches may return applications to District Nodal Officers by:
β’ Selecting return causes
β’ Adding remarks
β’ Resubmitting corrected applications after rectification
12. Intra-Bank Branch Reassignment System
Authorized officers may reassign applications:
District Nodal Office Level:
β’ Transfer applications between district branches
Head Office Level:
β’ Transfer applications across statewide branch network
Confirmation messages are system generated upon successful reassignment
13. Training and Capacity Building Framework
Training is conducted at:
State Level:
β’ ADM, LDM
β’ Bank nodal officers
β’ Institutional finance officials
District Level:
β’ District heads of banks
β’ Branch officials
Branch Level:
β’ All participating bank branches
Training completion compliance reports are submitted by ADM and LDM authorities
14. Monitoring and Reporting System
The WBSCC portal provides:
β’ Real-time dashboards
β’ Application tracking modules
β’ Excel report downloads
β’ Loan sanction lists
β’ Rejected application logs
β’ Document verification status panels
15. Conclusion
The West Bengal Student Credit Card Scheme operates as a fully digitized, multi- stakeholder integrated education financing system, governed by statutory notifications, structured verification workflows, standardized banking operations, continuous monitoring dashboards, and institutional coordination mechanisms as defined by the Government of West Bengal.
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