West Bengal Bhabishyat Credit Card Scheme

Introduction

• Bhabishyat Credit Card Scheme of West Bengal Government is the one of its innovative kind of scheme.
• It was launched on 01-04-2023.
• The main objective behind starting Bhabishyat Credit Scheme is to support young business minded people of West Bengal to start or expand their self employment business activity.
• This scheme will promote and developed the Micro, Small and Medium Enterprise Industry in West Bengal.
• Department of Micro, Small & Medium Enterprises and Textiles of West Bengal Government is the nodal department of this scheme.
• Initially this scheme will remain operational for 5 years from its starting date i.e 01-04-2023.
• Government of West Bengal will provide financial support in the form of subsidy to those young youths who have business skills to make them self employed and self reliant.
• Bhabishyat Credit Card Scheme will help young entrepreneurs to set up or to expand their existing business and generate employment opportunities for others also.
• Subsidy of 10% of Business/ Project Cost or a Maximum Amount of Rs. 25,000/- will be provided to eligible beneficiaries as a financial support for their business under Bhabishyat Credit Card Scheme.
• Project/ Business Cost of a Beneficiary should not be more than Rs. 5,00,000/-.
• Beneficiary can also avail bank loan from any financial institution for the remaining capital needed for business.
• Bank Loan provided under Bhabishyat Credit Card Scheme will be collateral free. No Mortgage is required.
• Eligible Beneficiary can apply for Bhabishyat Credit Card Scheme for Service Sector, Manufacturing Sector, Trading or Business Sector and Farm Sector.
• Farm Sector includes Dairy, Poultry, Fisheries, Piggery and etcetera.
• Beneficiary can avail the benefit of Term Loan, Working Capital Loan or Composite Loan under Bhabishyat Credit Scheme for their new or existing business.
• It is to be estimated that more than 2 lakh youth per year will get the benefit of West Bengal Government's Bhabishyat Credit Card Scheme.
• Family and Employees of Central or State Government or Government Undertakings are not eligible to apply.
• Bhabishyat Credit Card will be provided to all selected beneficiaries.
• Both Online and Offline Application Form of Bhabishyat Credit Card Scheme is available.

Benefits of Scheme

• Government of West Bengal will provide the following benefits to young entrepreneurs under its Bhabishyat Credit Card Scheme :-
  • Government will provide Margin Money in the form of Subsidy on setting or expanding a Business.
  • Subsidy of 10% or a maximum of Rs. 25,000/- of a Project Cost will be provided to beneficiary.
  • Collateral Free Bank Loan Facility will also available for remaining project cost.

Eligibility Criteria

• Benefits of West Bengal Bhabishyat Credit Card Scheme will be provided to only those beneficiaries who fulfil the following eligibility conditions :-
  • Beneficiary should be a Resident of West Bengal for minimum 10 years.
  • The Age of Beneficiary should be between 18 Years to 55 Years.
  • Project/ Business Cost of a Beneficiary should be not more than Rs. 5,00,000/-
  • Motor Transport Workers, Building and Other Construction Workers are also eligible to apply.
  • There is no Annual Family Income Bar applicable.
  • Only One person from a Family will be eligible.

Documents Required

• The following documents that are required at the time of applying for subsidy on setting up a business and availing collateral free loan under West Bengal Bhabishyat Credit Card Scheme are :-
  • Residential Proof.
  • Aadhar card.
  • Pan card.
  • Education qualification.
  • Detailed Project Report
  • Passport Size Photo.
  • Bank Account.
  • Mobile Number.

How to Apply

• Beneficiaries can apply for business loan under West Bengal Bhabishyat Credit Card Scheme through 2 ways :-
  • Through Bhabishyat Credit Card Scheme Online Application Form.
  • Through Bhabishyat Credit Card Scheme Offline Application Form.

Online Application Process

• Beneficiaries can apply for collateral free loan and government subsidy on setting up a new project or expanding the older one under Bhabishyat Credit Card Scheme of West Bengal Government through Online Application Form.
• Online Application Form of Bhabishyat Credit Card Scheme is available on the Official Website of Scheme.
• Beneficiary has to do the Registration first.
• Fill Name, Email and Mobile Number in the Registration Form of West Bengal Bhabishyat Credit Card Scheme.
• Click on Register to submit the Registration Form.
• Beneficiary will receive their User Name and Password on their Mobile Phone.
• Login again with the help of received user name and password.
• Fill the West Bengal Bhabishyat Credit Card Scheme Online Application Form.
• Upload all the required document.
• Click on Submit Button to Submit the Application Form of Bhabishyat Credit Card Scheme of West Bengal Government.
• Application Form and Documents will be verified by the Block/ State Level Screening Committee constituted by Department of MSME & T.
• Selected Beneficiary Application then forwarded to bank for the approval of loan.
• Government of West Bengal transferred the project cost subsidy in the bank account of beneficiary.
• Bhabishyat Credit Card Scheme Application Status can be seen here.

Offline Application Process

• Beneficiary can also apply for government link subsidy and collateral free loan for their business activity under Bhabishyat Credit Card Scheme through Offline Application Form.
• Offline Application Form of West Bengal Bhabishyat Credit Card Scheme is available on District Office of MSME & T Department.
• Collect the Application Form and Fill it correctly.
• Attach all the required documents with the application form.
• Submit the Bhabishyat Credit Card Scheme Offline Application Form with all the documents in the same district office of MSME & T Department.
• Received Application Forms along with the documents will be verified by Block/ State Level Screening Committee.
• Approved Applications will then forwarded to bank or any other financial institution for loan.
• Government link subsidy will be directly forwarded in the bank account of beneficiary.
• Beneficiary can also check the Application Status of Bhabishyat Credit Card Scheme Online Here.

Important Application Forms

• West Bengal Bhabishyat Credit Card Scheme Offline Application Form.

Important Link

• West Bengal Bhabishyat Credit Card Scheme Online Application Form.
• West Bengal Bhabishyat Credit Card Scheme Registration.
• West Bengal Bhabishyat Credit Card Scheme Login.
• West Bengal Bhabishyat Credit Card Scheme Application Status.
• West Bengal Bhabishyat Credit Card Scheme Complaint Registration.
• West Bengal Bhabishyat Credit Card Scheme Website.
• West Bengal Bhabishyat Credit Card Scheme Guidelines.
• West Bengal Bhabishyat Credit Card Scheme FAQs.

Contact Details

• West Bengal Bhabishyat Credit Card Scheme Helpline Number :- 033-22622004.
• West Bengal Bhabishyat Credit Card Scheme Helpdesk Email :- helpdesknic.bccs@gmail.com
• West Bengal Department of MSME & T Helpdesk Email :- msmet.wb@gmail.com.
• Address :- 4, Abanindranath Tagore Sarani (Camac Street)
  8th Floor, Kolkata - 700016.