The Bhabishyat Credit Card Scheme, a new scheme from the West Bengal state government, provides loans up to Rs 5 lakh and serves as a government guarantee for future projects. The West Bengal government’s Bhabishyat Credit Card Scheme helps young people who want to start their own businesses by encouraging self-employment, improving revenue creation and growing the expansion of micro-businesses.
Those who want to start their businesses have a great chance and they may apply online for the scheme starting in 2024. This scheme was introduced at the budget presentation by West Bengal Chief Minister Mamata Banerjee. The purpose of the scheme was to provide financial assistance to people with low incomes and to promote future projects in the state. The loan amount may be received without any collateral because the government serves as a guarantee.
Bhabishyat Credit Card Scheme (BCC)
West Bengal Chief Minister Mamata Banerjee launched the new Bhabishyat Credit Card Scheme 2024. When she presented the budget, she discussed this proposal. West Bengal has an outstanding record in developing MSMEs such as handlooms and handicrafts. Approximately 99% of all industrial efforts fall within the MSMEs category, with 98% of MSMEs being microbusinesses. For this reason, the West Bengal state government launched this program.
Many educated youth in the state with entrepreneurial skills who want to start microbusinesses to become self-sufficient find it hard to get institutional financing for their credit needs. The scheme would offer a credit card with a Rs.5 lakh rupee credit limit. In order to create revenue, grow wealth and provide more employment opportunities in both rural and urban areas of the State, it has been determined that it is imperative to support young people in becoming self-employed.
West Bengal Widow Pension Scheme
Keywords Of Bhabishyat Credit Card Scheme 2025
| Name of the scheme | Bhabishyat Credit Card Scheme 2025 |
| Launched by | State Government of West Bengal |
| Year | 2025 |
| Beneficiaries | Entrepreneur/ Business Owner |
| Objective | To provide loan up to Rs.5 lakh |
| Benefits | The government will use a credit card to give 5 lakh rupees in financial assistance under this scheme. |
| Required documents | Aadhaar card and bank account |
| Application process | Online |
| Official website | https://bccs.wb.gov.in/ |
Objective Of Bhabishyat Credit Card Scheme 2025
The main objective is to help young people become completely independent and self-sufficient. Under this scheme, 5 lakh rupees in financial assistance would be provided. The scheme was introduced for the 18-55 age range. Only a 4% annual subsidized interest rate is offered by the government. The scheme will be beneficial for creating and expanding employment possibilities in the state.
Benefits
- The government will give a credit card worth Rs.5 lakh as financial assistance under this scheme.
- The scheme would offer financial support to residents between the ages of 18 and 55.
- The scheme will offer loans with an annual 4% subsidized interest rate.
Eligibility Criteria
- The applicant must live in West Bengal state.
- The applicant must be between the ages of 18 and 55.
- The applicant must be an Indian citizen and have lived in West Bengal for the last ten years.
- Under this scheme, a family may only have one applicant.
Required Documents
- Passport size photograph
- Aadhaar card
- Domicile certificate
- PAN card
- Bank account details
- Email ID
- Mobile number
Silent Features
- The benefits of this scheme are available to a single person from a single family, which is defined as one’s spouse and himself.
- 10% of the project’s total cost, up to a maximum of 25,000 rupees, will be contributed as margin money.
- With a 4% yearly interest rate that the government gave the borrower, the authorized project was less expensive than the government subsidies.
- 100% of the bank loan will be jointly guaranteed by the WB government and CGTMSE.
Online Apply Process Of Bhabishyat Credit Card Scheme 2025
- First you have to visit the Official Websiteof the scheme.
- The homepage will appear on your screen.
- Click on the Register here button.
- Click the yes or no option to indicate if you are enrolled in ITI, polytechnics, vocational courses, SST, PBSSD or TETSD.
- Enter all the necessary details in the page such as:
- Individual
- Email ID
- Mobile number
- Agree on the terms and conditions
- Click on the register button.
Login Process
- First you have to visit the Official Websiteof the scheme.
- The homepage will appear on your screen.
- Click on the Login button.
- Enter your username/Email ID/Mobile number.
- Enter the password and captcha code.
- Click on the sign in button.
Required Details To Be Filled Under Application Form
- Name
- Email ID
- Mobile number
Contact Details
- Helpline number: 3564258345
FAQs
What is the Bhabishyat Credit card scheme?
The West Bengal government started the scheme to offer a loan of Rs.5 lakh as financial assistance.
What are the benefits of the schemer?
The government will offer loans with reduced interest rates under this scheme.
What is the official website of the scheme?