Wb Govt Student Credit Card Apply Online: Student Credit Card West Bengal Government: The finance ministry wants all education loans to be paid off has come.
Wb Govt Student Credit Card Apply Online
Wb Govt Student Credit Card Apply Online
The Union Finance Ministry has directed all banks to process all applications for education loans through the Vidya Lakshmi portal jointly developed by the Department of Financial Services, Ministry of Finance, Department of Higher Education (Ministry of Education), and Indian Banks’ Association. ,
Documented birth certificate for a student credit card. student credit card documents
Student Credit Card Documents Required –
- Pan Card.
- Identity card issued by the college.
- Address Proof like Passport, Aadhar Card, Driving License etc.
- Passport size photograph.
- Student credit card application form.
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The circular has directed banks especially in remote areas where internet access is difficult that the form should be physically filled by the students and uploaded on the Vidya Lakshmi portal.
The decision was taken after a review meeting of the target achieved by June 2021, where finance ministry officials learned that only Rs 2006.49 crore loan was disbursed, which was barely 11.83 percent of the annual target of Rs 16,965 crore. The ministry found that only seven nationalized banks in the country were processing all student loan applications through the portal.
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Vidya Lakshmi Portal was developed under the proposal of the IT-based Student Financial Aid Authority for administration and monitoring of scholarship and educational loan schemes through the Pradhan Mantri Vidya Lakshmi Program and has been functional since 2018.
Announcing the scheme in his speech for the 2015-16 financial year, late Union Finance Minister Arun Jaitley had said, “We will ensure that no student is deprived of higher education due to paucity of funds.”
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The objective is similar to what Mamata had claimed while launching the scheme on June 30. He had announced that undergraduate, postgraduate, doctoral, and post-doctoral students in India and students of Indian origin living abroad can avail of educational loans of up to Rs 10 lakh. Till the age of 40, while the repayment period was fixed at 15 years.
According to sources, the plan which Mamta is deferring is against the guidelines issued by the Reserve Bank of India and other institutions run by the Centre.
Student Credit Card Apply Online –
As of August 26, the state government had received about 79,043 applications for loans worth Rs 3,461.31 crore, of which only 298 have received sanctions of Rs 11 lakh from state-run cooperative banks. Over 40,000 applications were still pending with the State Bank of India and Punjab National Bank.
Now public sector banks are in trouble as they have to comply with the instructions issued by the Union Finance Ministry.
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State Education Minister Bratya Basu did not pick up the phone. State Education Secretary Manish Jain declined to comment on the issue.
The officials of the Bankers’ Committee were not aware of the Centre’s directive.
“I have no idea about the instruction from the ministry. Some public sector banks are already linked with the WBSCC (West Bengal Student Credit Card) portal,” said Manas Dhar, a senior official of the State Level Bankers Committee (SLBC).
Asked whether public sector banks were bound to follow the Centre’s directive, Dhar said he could not comment.
