West Bengal Bhabishyat Credit Card Scheme 2024 (WBBCCS)

Bhabishyat Credit Card Scheme West Bengal | Bhabishyat Credit Card Online Apply | Bhabishyat Credit Card Status Check Online

The West Bengal state government has launched the Bhabishyat Credit Card Scheme, which provides loans up to Rs. 5 lakh and the state’s guarantee for future projects. Those who want to create their own business have an amazing opportunity, and starting in 2023, they can apply online for the scheme.

Name of the Scheme	Bhabishyat Credit Card Scheme
Department	Department of Micro, Small and Medium Enterprises and Textiles
Initiated by	State Government of West Bengal
Launched Date	1st April 2023
Objective	To Provide loans up to Rs.5 Lakh
Beneficiary	Entrepreneur/ Business Owner (Youths of West Bengal)
Benefits	Government Subsidy to set up or expand a Business. Collateral Free Bank Loan.
Mode of Apply	Online & Offline
Official Website	https://bccs.wb.gov.in/

During the budget presentation, West Bengal’s Chief Minister, Mamata Banerjee, announced the program. The program was designed to help future state initiatives and provide funding to individuals who need more money. The loan amount may be received without any collateral because the government serves as a guarantee.

In this article, we will tell you all the details regarding the WB Bhabishyat Credit Card Scheme, including its eligibility, benefits, Bhabishyat Credit Card online apply, Bhabishyat Credit Card status check online, and so on. So, read the entire essay.

Join our telegram group to get the latest updates regarding All Government Schemes and Yojana

West Bengal Bhabishyat Credit Card Scheme

The West Bengal government’s Bhabishyat Credit Card Scheme is one of its creative offerings. The primary goal of the Bhabishyat Credit Scheme is to assist young, entrepreneurial West Bengalis in launching or growing their self-employment businesses.

West Bengal’s Micro, Small, and Medium Enterprise Industry will grow and be supported by this scheme. This scheme will initially run for five years, starting on April 1, 2023, at its inception. The West Bengal government will give young people with business skills financial support through subsidies to become independent and self-employed.

The Bhabishyat Credit Card Scheme would assist aspiring company owners in starting or growing their companies and creating jobs for others. As financial help for their business, qualifying beneficiaries would receive a subsidy of 10% of business/project costs, up to a maximum of Rs. 25,000/-under this scheme. A beneficiary’s project or business costs shouldn’t exceed Rs. 5,00,000/-.

West Bengal Bhabishyat Credit Card Scheme

If the beneficiary needs additional funds for their firm, they can also apply for a bank loan from any financial institution. There will be no collateral required for bank loans made under the scheme. The mortgage is not necessary. The scheme is available to eligible beneficiaries in the agricultural, manufacturing, trading, and service sectors.

The farm sector includes pig farming, fishing, poultry farming, dairy farming, and other associated activities. For their new or current business, beneficiaries under the Bhabishyat Credit Scheme may be eligible for Term Loans, Working Capital Loans, or Composite Loan benefits.

Annually, the West Bengal government’s Bhabishyat Credit Card is expected to help approximately two lakh young individuals. Application is not open to family members or employees of the federal, state, or local governments or government undertakings. Every chosen beneficiary will receive a Bhabishyat Credit Card.

Purpose of the WBBCCS Scheme

The program’s objective is to provide credit cards to qualified participants. So, they are eligible for loans for a variety of uses, including fulfilling other financial obligations and launching a new venture or growing an existing one. The scheme aims to inspire young people in the state to explore prospects for self-employment.

Establishing a business can be lucrative and a way to make money. Many people have the desire to start their businesses, but they frequently lack the funding to do so. The state government of West Bengal is presently offering loans to address this problem. Loans can be disbursed without a guarantee because the government will act as a guarantor under the scheme.

Benefits of the Scheme

The Bhabishyat Credit Card Scheme offers several benefits, listed below.

The project intends to increase self-employment options for the state’s youth.
Starting a business can give a source of income and generate substantial profits.
The government will grant margin money in the form of a subsidy for starting or developing a business.
Many people want to establish their enterprises but lack the cash to do so.
The West Bengal government is currently issuing loans to address this issue.
Beneficiaries would receive a 10% subsidy on project costs, up to a maximum of Rs. 25,000/-.
Under the initiative, the government will act as a guarantor, so loans can be disbursed without a guarantee.
A collateral-free bank loan facility will also be available to cover the remaining project costs.

Eligibility Criteria for Bhabishyat Credit Card

Only individuals who meet the following eligibility requirements will receive benefits from the WBBCCS Scheme.

The recipient must have lived in West Bengal for at least ten years.
The beneficiary’s age should range from 18 to 55 years old.
The Annual Family Income Bar does not apply.
A family may only nominate one member for eligibility.
A beneficiary’s project or business costs shall not exceed Rs. 5,00,000/-.
Applicants may be motor transport workers, building workers, and other construction workers.

What Requires to Apply the WBBCCS Scheme?

The following documents are necessary while applying for subsidy on starting a business and availing collateral-free financing under the scheme.

Residential Proof.
Aadhar card.
Pan card.
Education qualification.
Detailed Project Report
Passport Size Photo.
Bank Account.
Mobile Number.

How to Apply for the Bhabishyat Credit Card Scheme?

Beneficiaries can apply for a business loan under the West Bengal Bhabishyat Credit Card Scheme in two ways, through the online application form or the Bhabishyat Credit Card offline application form. Here, we elaborate on both methods step by step. So, you can choose the desired one.

Bhabishyat Credit Card Online Apply

Eligible beneficiaries need to visit the official website.

Bhabishyat Credit Card Scheme Official Website

Next, they need to do a registration on the site.
Enter the Name, mobile number, and email ID; click on “Register” to submit the Registration Form.

Log in again with the username and password you received.
Then, Fill out the WB Bhabishyat Credit Card Scheme online application form.
After that, upload all required documents.
Next, click the “Submit” option to submit the Application Form.
Then, the Block Level Screening Committee will review the Application Forms that have been received.
Beneficiary applications are subsequently forwarded to banks for loan approval.
The project cost subsidy was deposited to the beneficiary’s bank account by the Government of West Bengal.

Offline Application Procedure of the Scheme

Either you can download the application form or you can collect the application form from the District Office of MSME & T Department.

Take a printout and fill it up carefully.
Attach all essential documents to the application form.
After that, submit the application form, along with all supporting documentation, to the MSME & T Department’s district office.
Then, the Block/State Level Screening Committee will verify all received application forms and papers.
Approved applications will subsequently be forwarded to a bank or other financial institution for a loan.
The government link subsidy will be paid directly to the beneficiary’s bank account.

Bhabishyat Credit Card Status Check Online

For the Bhabishyat Credit Card status check online, you need to follow the below-given steps.

Go to the scheme’s official website, and click log in.
Using your login information, log in.
After logging in, search for a menu item or the “Application Status” section on the homepage.
On the Application Status page, enter your registered mobile number or application reference number.
Next, click the “Submit” option to check your application’s current status
You can show any revisions and projected processing times on the portal.

Contact Details

Scheme Helpline Number	033-22622004
Scheme Helpline Email ID	helpdesknic.bccs@gmail.com
Department of MSME & T Helpdesk Email ID	msmet.wb@gmail.com
Office Address	4, Abanindranath Tagore Sarani (Camac Street) 8th Floor, Kolkata – 700016

Frequently Asked Questions

1) Is there a specified age range for eligibility?

Yes, anyone aged 18 to 45 years old, including motor transport workers, builders and other construction workers, is eligible to apply for the plan.

2) What fundamental details must you submit to receive the OTP?

You will need to enter basic details like your name, date of birth, gender, complete address, and mobile number to get the OTP.

3) How are you going to get the OTP?

To receive the OTP, first click on the ‘Login’ link, which will display a popup page on your screen. Next, on the popup screen, select the ‘Register Here’ link. Fill out the online registration form. Click the ‘TAB’ button after entering your mobile number. Once completed, an OTP will be issued to your mobile phone.

4) How can I resend or regenerate an OTP if I do not receive it the first time?

If you did not receive your OTP the first time, click the ‘Resend’ link once the specified time has passed, as shown on the registration screen.

5) Does submitting an online registration require payment?

There are no fees to register online.

6) How can I see if an application I submitted is still pending?

After submitting the online application, click the ‘Details’ link to see the status of your application.

7) Is it possible for a user to submit multiple applications using the same login credentials?

An applicant cannot apply for more than one application on this site with the same user login credentials.

Important Links

Join Telegram Group	CLICK HERE
Official Website	CLICK HERE
Apply Online Now	CLICK HERE
Download the Offline Application Form	CLICK HERE