To provide loans and government subsidies to any individual from both urban and rural areas for a tenure of 5 years from 1st April 2023, the Government of West Bengal has introduced a scheme called the “Bhabishyat Credit Card Scheme (WBBCCS)” for the citizens of the state. Under this scheme, the government provided term loans and/ or working capital loans / composite loans to both new and existing units. The total project cost of this scheme is Rs 5 lakh. This is applicable for only one person from one family, where family means self and spouse. If you are a resident who is interested in getting the benefits of this scheme by applying for it online so keep reading till the end.
Objective of Bhabishyat Credit Card Scheme
The main objective of this scheme is to provide government subsidy and loans to selected residents who come under motor transport workers, building and other construction workers of aged 18 to 55 years. With the help of this scheme government aims to support its residents financially.
Key Features of Bhabishyat Credit Card Scheme
| Scheme Name | Bhabishyat Credit Card Scheme. |
| Nodal Department | Department of MSME& T. |
| Government Responsible | Government of West Bengal. |
| Year | 2025-26. |
| Objective | To provide government subsidy and loans to selected residents who come under motor transport workers, building, and other construction workers of the state. |
| Benefits | Get a loan and a subsidy. |
| Age Limit | 18-55 Yrs. |
| Income Bar | No |
| Total Cost | 5 lakh. |
| Ceiling Price | 25,000/- |
| Target | To cover 2 lakh Youths. |
| Beneficiaries | Residents of WB. |
| Mode | Online. |
| Official website | WBBCCS. |
Eligibility Criteria
To be eligible for this scheme, applicant needs to meet the following eligibility criteria’s these are as follows:-
- Applicant must be a permanent resident of West Bengal for the past 10 years.
- Applicant must be an individual, including motor transport workers, building, and other construction workers.
- Age of the applying applicant must be between 18 to 55 years at the time of application.
- Only one person from one family is eligible, where the family translates to self and spouse.
- Any income-generating project in the manufacturing service trading business farm sector dairy poultry fish, piggery, etc, qualifying as an enterprise under the extent definition of MSMED Act 2006.
- Both new units and existing units can apply under the scheme for term loan and or working capital loan composite loan; however, a new unit set up under this scheme may be considered for second rows of capital support in Machinery tools or expansion only after 2 years of implementation.
- All those applications that were sponsored under Karmasathi Prakalpa but not sanctioned as on first of April 2023, will migrate to this scheme.
Financial Benefits
- Under this scheme government provides a subsidy in the form of margin money contribution at 10% of the project cost with a ceiling price of Rs 25,000.
- The bank loan component will be the project cost minus the eligible government subsidy in the form of margin money contribution.
Required Documents
- Aadhar Card
- Resident Proof
- Caste Certificate
- Bank Details
- Passport-Sized Photograph
- Phone Number
Salient Features
- Nodal Department:- The department of MSME& T, Government of West Bengal, is the nodal Department of WB Bhabishyat Credit Card Scheme.
- Project Cost:- The total project cost of this scheme is Rs 5 lakh.
- Coverage:- This scheme is a state-wide scheme which covers both Urban and rural.
- Total Youths Target:- Under this scheme government targets to benefit a total of 2 lakh youth in a year.
- Timeline:- The maximum tenure of this scheme is 5 years starting from 1st April 2023.
- 100% Guaranteed Coverage:-Under the scheme, bank loans will be covered 100% in jointly by CGTMSE and the government of West Bengal.
- Landing Institution:- All scheduled public sector banks, private sector banks, regional ruler banks, small finance banks, cooperative banks, and any other landing institution as may be prescribed are covered under the scheme
- Ceiling Cost:- Under this government provides a subsidy in the form of margin money contribution at 10% of the project cost, with a selling price of Rs 25000.
Bhabishyat Credit Card Scheme Apply Online
To apply online for this (wbbccs), the applicant needs to follow these steps:-
- All the interested applicants need to visit the official WBBCCS website.
- Once the applicant reaches the home page of the official website, they need to login if already registered or, in case of a new user, click on the Register option.
- As the applicant clicks, a registration form will open on the screen.
- Now the applicant needs to enter their name, email ID, and mobile number.
- After that applicant needs once read all the Terms and Conditions and then agree to them.
- At last, click on the Register option to complete the application process.
Helpline Number
- Dial:- 033 22622 004
- Between 10:00 a.m. to 5:00 p.m. on Monday to Friday (Except Holidays)
FAQs
Who launched this WBBCCS scheme?
The government of West Bengal has introduced the West Bengal Bhavishyad Credit Card Scheme.
What is the total cost of this scheme?
The total project cost of this scheme is Rs 5 lakh.
What is the age limit for applying for the scheme?
Residents aged between 18 to 55 years are eligible.
Is it necessary to be a permanent resident of West Bengal for this scheme?
Yes, this scheme is only applicable to permanent residents of West Bengal
Are both members eligible for the scheme?
No, only one person from one family is eligible, where family means self and spouse.