West Bengal Bhabishyat Credit Card Scheme PDF

The West Bengal Bhabishyat Credit Card Scheme is an exciting initiative by the Government of West Bengal, aimed at providing self-employment opportunities for young entrepreneurs in the state. This innovative scheme focuses on promoting and developing MSMEs in West Bengal, making it easier for the youth to access essential financial resources.

Understanding the West Bengal Bhabishyat Credit Card Scheme

The main goal of the West Bengal Bhabishyat Credit Card Scheme (WBBCCS) is to support the youth with entrepreneurial skills who aspire to become self-reliant by establishing micro-enterprises. By facilitating access to institutional finance for credit needs, this scheme encourages young individuals to become self-employed, generate income, create wealth, and provide more job opportunities in both rural and urban areas of the state.

West Bengal Bhabishyat Credit Card Scheme Eligibility

• Must be an Indian National and have resided in West Bengal for the last 10 years.
• Individuals aged between 18-45 years, including Motor Transport Workers and Building & Other Construction Workers, are eligible.
• Only one member from each family can apply for the scheme, where ‘family’ includes self and spouse.

Applicability of the Scheme

• Applicable for any income-generating project in sectors like manufacturing, services, trading/business, or farming (Dairy, Poultry, Fisheries, Piggery, etc.).
• Both new and existing units can apply for Term loans, working capital loans, or composite loans. However, new units may only be considered for additional financial support for machinery/tools after two years of operating under this scheme.
• Applications previously sponsored under the ‘Karmasathi Prakalpa’ but not sanctioned as of April 1, 2023, will transfer to this scheme.

WBBCCS Financial Assistance under the Scheme

• Government subsidy: Available as a margin money contribution of 10% of the project cost, up to a maximum of Rs. 25,000.
• Bank Loan: The bank loan will cover the project cost minus the eligible government subsidy provided as margin money.
• Guarantee coverage: The scheme offers credit guarantee coverage of up to 100% for loans from lending institutions/banks, in partnership with the Credit Guarantee Trust Fund for MSEs (CGTMSE). The guarantee coverage breakdown is as follows:
  • Maximum coverage from CGTMSE: 85%
  • Maximum coverage from the State Government: 15%

For more details, you can download the West Bengal Bhabishyat Credit Card Scheme PDF using the link below.

Also, Check- Bhabishyat Credit Card Form PDF