Collateral security free loan up to ₹10 Lakhs
  • West Bengal

Student Eligibility and the process: –
(a) The student seeking loan under the scheme should be an Indian national and resident of West Bengal for the
last 10 years. Self-declaration by the student as appended in the application form will be accepted. A copy of
application format is annexed at Annexure-I.
(b) Student must have got himself enrolled for higher studies including courses as stated in para 3 of this scheme,
either within or outside the country, in the School, 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.
(c) Aspiring Student will apply online as per the format given at Annexure-I, 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 Bank.
(d) The interested students should not be aged more than 40 (forty) years at the time of applying for loan.
4 THE KOLKATA GAZETTE, EXTRAORDINARY, JUNE 30, 2021 [PART I
(e) The student applied for the credit card will link preferably their AADHAR Card or the Class X registration
number with the concerned portal while applying to the Higher Education Department through their respective Institution.
(f) The Higher Education Department will forward the applications after due examination to the Bank for sanction and issuance of Credit Card.
(g) The concerned Bank will sanction the applications after due examination and issue the credit card in physical
form based on the recommendation given by the Department and upon complying necessary formalities by
the student/ guardian/ parent as required under RBI guidelines.
(h) There shall be a Nodal officer for maintaining the web-based portal at the Department, Institution and the
Bank level who shall have permission to access the student’s dashboard availing loan under this scheme.
(i) The student concerned needs to upload his progress report card/ statement on completion of each semester/
year examinations.

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