West Bengal Bhabishyat Credit Card Scheme (WBBCCS)
About this scheme
The "West Bengal Bhabishyat Credit Card Scheme (WBBCCS)" is implemented by the Micro, Small & Medium Enterprises and Textiles Department, Government of West Bengal. The scheme aims to provide institutional finance to the youth of West Bengal through bank loans and government subsidy for setting up micro enterprises. It supports eligible beneficiaries in manufacturing, service, trading/business, and farm sector activities. The scheme encourages entrepreneurship, self-employment, income generation, and employment creation in both rural and urban areas. It came into effect from 1st April 2023 and will remain operational for 5 years, unless amended or withdrawn earlier.
Benefits
- Eligible Project Cost: Financial assistance for eligible manufacturing, service, trading/business, and existing or new enterprises with project cost up to ₹5,00,000/-. - Government Subsidy: Margin money subsidy of 10% of the project cost, subject to a maximum of ₹25,000/-. - Bank Loan: Bank loan for the remaining approved project cost after deducting the government subsidy, with a government-subsidized interest rate of 4% per annum. - Guarantee Coverage: 100% bank loan guarantee coverage jointly by Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) and the Government of West Bengal. Maximum coverage of CGTMSE: 85%; Maximum coverage of the State Government: 15%
Who is Eligible
- Indian National and residing in West Bengal for past 10 years.
- Any eligible individual including Motor Transport Workers, Building and other Construction Workers aged between 18-55 years.
- Only one person from one family is eligible where 'family' means self and spouse.
How to Apply
Online
Regitration:
Step 1: To submit form in onilne, applicants need to register online as a New User and Login with valid credentials on the official portal.
Step 2: Online registraton is to be done with the information like 'Individual name, 'valid email' and 'valid mobile no.'
Step 3: Thereafter, fill-up the necessary information as mentioned in the online application
Step 4: Security Code/OTP will be forwarded to the regisered emailID/Mobile no. to complete the registration process accordingly.
Note: Junk/inappropriate values in profile may lead to deactivation of User ID.
Log in & Application:
Step 1: Upon successful Registration, Click on "Log In".
Step 2: Click on the link ‘Click here to Fill Up the Form’
Step 3: Start to fill-up the application and input details as per the application form
Step 4: Then proceed for uploading of necessary ‘supporting documents’.
Step 5: Click on the ‘Apply Now’ button to Complete the Application Submission Process.
User Manual: Click here.
DIC/Sub-DIC Contact Information: Click here.
Offline
Offline forms may be collected from the following offices:
- For Rural area: BDO office
- For Municipal area: SDO Office
- For Corporation area, including KMC area: at DIC/Sub-DIC Office and designated KMC offices.
DIC/Sub-DIC Contact Information: Click here.
Documents Required
- Aadhaar Card
- Proof of Photo Identity of the applicant (See List)
- Proof of Residence
- Proof of Age
- Detailed Project Report (Model Schemes/DPR) 1. Pan Card
- Trade Reg. certificate / Certificate of Enlistment (Trade License)
- UDYAM Registration certificate.
Who Is Not Eligible
Frequently Asked Questions
- What is the objective of the "West Bengal Bhabishyat Credit Card Scheme (WBBCCS)" scheme?
The scheme aims to provide institutional finance to eligible youth for establishing micro enterprises and becoming self-employed.
- Who can apply under the scheme?
An Indian citizen residing in West Bengal for at least 10 years and aged between 18 and 45 years can apply, subject to the eligibility conditions.
- What is the maximum project cost allowed?
The maximum eligible project cost is ₹5,00,000/-.
- Is there any income limit for applicants?
No. There is no annual family income limit under the scheme.
- What subsidy is available?
Eligible applicants receive a government subsidy equal to 10% of the project cost, subject to a maximum of ₹25,000/-.
- Can existing business units apply?
Yes. Both new and existing units are eligible to apply.
- Which sectors are covered under the scheme?
The scheme covers manufacturing, service, trading/business, and farm sector activities.
- Is collateral security required for the loan?
No. Banks do not require collateral security, personal guarantee, or third-party guarantee.
- How many members from one family can apply?
Only one eligible person from a family can apply under the scheme.
- Can Motor Transport Workers apply?
Yes. Eligible Motor Transport Workers can apply under the scheme.
- Can Government employees apply?
No. Central Government, State Government, Government Undertaking employees, and their families are not eligible.
- How is the application submitted?
The applicant must submit the application online through the dedicated scheme portal.
- How long does the bank take to decide on the loan?
The bank takes a credit decision within 21 days after receiving the sponsored application.
- Can a beneficiary receive another subsidy for the same project within 2 years?
No. Additional subsidy is not available for enhancement of the credit limit of the same project within 2 years.
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