West Bengal Bhabishyat Credit Card Scheme

During the budget presentation, West Bengal’s Chief Minister, Mamata Banerjee, announced the Bhabishyat Credit Card Scheme. The primary goal of the Bhabishyat Credit Scheme is to assist young, entrepreneurial West Bengalis in launching or growing their self-employment businesses. 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.

Purpose of the WBBCCS Scheme

The program’s objective is to provide credit cards to qualified participants.  The scheme aims to inspire young people in the state to explore prospects for self-employment. 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. The farm sector includes pig farming, fishing, poultry farming, dairy farming, and other associated activities.

Benefits of the Scheme

– 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.

Eligibility Criteria for Bhabishyat Credit Card

– 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?

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

Bhabishyat Credit Card Online Apply

– Eligible beneficiaries need to visit the 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 received Application Forms. – 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.

Bhabishyat Credit Card Status Check Online

– 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.

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