Pursuing higher education now easier in Bengal
Calcutta: There are only three steps left for any resident of Bengal, Class X and above up to age 40, to fulfill their dream of pursuing higher education with the launch of the student credit card program by the Mamata government Banerjee. He has become the Bengal model across India for increasing the Gross Enrollment Rate (GER) in higher education.
The unique program – for the first time in the country – facilitates a soft loan without collateral collateral up to Rs 10 lakhs with the Mamata Banerjee government as guarantor allowing students to pursue higher education without any financial constraint.
Bengal students will reap the benefits of the benevolent program under the supervision of the government’s higher education department when the recent All India Survey on Higher Education (AISHE) 2019-20 report found that TBS in higher education in India is only 27.1 percent for 2019-2020, which saw a slight increase of just 0.8 percent from the previous fiscal year. It stood at 26.3% in 2018-2019.
Followed by a detailed study and necessary research work, the program was launched, expanding the possibilities for students to undertake secondary, tertiary, undergraduate and postgraduate studies, including a professional degree, degree courses and doctoral or postdoctoral research or other similar courses. in any school, madrasah, college, university, IIT, IIM, IIEST, ISI, NLU, AIIMS, NIT, XLRI, BITS, SPA, NID, IISc, IIFT and ICFAI Business School and other affiliated institutes within and outside the country.
With Chief Minister Mamata Banerjee always encouraging more state IAS and IPS, students who study in various coaching institutions to take different competitions such as engineering, medicine, law, l ‘IAS, IPS, WBCS, UPSC, PSC, SSC, etc. ease of opting for the soft loan at only 4 percent per annum simple interest from the state cooperative bank and its affiliated central cooperative banks and central cooperative district banks and public or private sector banks. Even a one percent interest concession will be granted if the interest is fully served during the study period.
As the Chief Minister said that the tuition fee would not be enough to help a student pursue higher education as he has to bear heavy accommodation expenses if he moves to another part of the country or abroad , the credit card would also allow them to meet the accommodation expenses (either in the institute’s foyer, or as a paying guest living outside the home). It can also be used to purchase books, computer, laptop, tablet and to cover all other expenses necessary for the completion of the course such as study trips, project work, thesis, etc. . The student can incur expenses up to 30% of the total loan amount. sanctioned for non-institutional expenses and up to 20 percent for living expenses during the course of the course. The student simply needs to be a resident of Bengal for at least 10 years.
Keeping the promise she made before the election to roll out the same program, the Chief Minister launched the program on June 30 and said, “It is not just about fulfilling our promise. But it is a big step forward in securing the future of our students. community. The Student Credit Card Program is launched to make students’ dream come true and no longer any parent in Bengal has to repent of failing to organize money to help their neighborhoods higher education. I am proud to say that no one in the state anymore has to sell their land, their houses or any other property for their children’s higher education. Financial constraints will no longer form a barrier between the dream and the reality of our students to become doctor, engineer, professor, teacher, IAS and IPS “.
A state government official involved in the project said the process of obtaining the loan was kept very simple. A separate portal – https://wbscc.wb.gov.in/ – has been launched. It is enough to enter the portal and follow only two steps – “Register” and “Apply” – to reach the third step which is “sanctioned loan”. A separate “green color” button has been provided at the top of the portal for “student registration”. One will be directed to a new page by a single click on the same one where the applicant should enter basic details including name, date of birth, gender, Aadhaar number or Class X registration number as well as current study program and contact information. departments. The applicant will receive an “Applicant ID” and a password which should be used to apply for the loan by clicking on the “Student Login” button available on the same portal. The online application will be sent to the Department of Higher Education which will forward it after examination to the bank to issue the credit card after the necessary verifications. A student can benefit from the loan at any time during their studies. One will get a repayment period of 15 years for the same.
Most importantly, there will be life coverage on behalf of the student up to the sanctioned loan amount.
Even one can dial a dedicated toll free number 1-800-102-8014 or write to [email protected] for any assistance in this regard.
Banks will not impose unnecessary restrictions or conditions on securing collateral, nor will they insist on the same tangible or intangible form other than the joint obligation of parents or legal guardians as the government of the State to enter into an agreement with the banks This concerns.
Overwhelmed by the introduction of such a program, a class XII student Ankhi Bandyopadhyay said, “It seems that the dark cloud above my dream of becoming a doctor has been removed. I want to become self-sufficient to continue. my graduate studies. I am also confident that I will be successful in my business and repay the loan once I realize my dreams of becoming a doctor. ”
The program becomes crucial when the gross enrollment at the tertiary level has increased from 13.24 lakhs to 21.61 lakhs over the past 10 years with a huge expansion led by the Government of Bengal in schools and higher education institutions. Gross enrollment at upper secondary level increased from 11.8 lakhs to 16.6 lakhs after passing class X. Each year, around 12 lakhs and 9.5 lakhs students respectively qualify for class X and class exams. class XII in the state to pursue higher education.
In his message in this regard, State Education Minister Bratya Basu said that the priority of the Government of Bengal is to provide quality education to students in our State. The CM dreams of restoring the glory of Bengal, as we lead our country in the fields of arts and culture, science and technology, commerce and industries and our students must be trained in the advanced fields of education to make the dream come true. “I believe that this historically important step in the introduction of student credit cards will speed up the development process in Bengal,” he said.