The Higher Education Department, Government of West Bengal has introduced the Student Credit Card Scheme (SCC) for the students of West Bengal to enable them to pursue education without having any financial constraints. This scheme is designed to support the students to pursue secondary, higher secondary, madrasah, undergraduate and post graduate studies including professional degree and other equivalent courses in any School, Madrasah, College, University and other affiliated institutes within and outside India. Students studying in various coaching institutions for appearing in different competitive examinations like Engineering, Medical, Law, IAS, IPS, WBCS etc, can also avail the loan under this scheme. A student from West Bengal can obtain a maximum loan of Rs. 10 lakhs @ 4% per annum simple interest from the State Cooperative Bank and its affiliated Central Cooperative Banks and District Central Cooperative Banks and Public/ Private Sector Banks. 1% interest concession will be provided to borrower if the interest is fully serviced during the study period. The upper age limit for the interested students has been kept as 40(forty) years at the time of applying for loan. The repayment period shall be fifteen (15) years for any loan availed under this Credit Card including the Moratorium/ repayment holiday.
Sammilani Mahavidyalaya has registered its name from very begging of the Student Credit Card Scheme (SCC). On the direction of the West Bengal government, we worked for the scheme every year. Every year we organised awareness camp for newly admitted and registered students in our college. Moreover, we organised different awareness camp for SCC at different time to follow government orders. A total of 235 students applied for SCC from 2021 to till now and among them, 7 students’ loan were sanctioned under the SCC.
