Bhavishyat Credit Card Scheme West Bengal 2023

In a bid to empower the youth of West Bengal and promote entrepreneurship, the West Bengal Government launched the Bhavishyat Credit Card Scheme on April 1, 2023.

This visionary initiative aims to provide financial assistance to individuals in the state, opening doors to self-employment opportunities and economic growth.

Operated under the Department of Micro, Small and Medium Enterprises and Textiles (MSME & T), Government of West Bengal, this scheme has the potential to be a game-changer for aspiring entrepreneurs.

Benefits of Bhavishyat Credit Card Scheme West Bengal 2023

Empowering Aspirations

The Bhavishyat Credit Card Scheme offers a generous sum of Rs. 5 lakh as a bank loan to eligible beneficiaries.

This substantial financial support is designed to facilitate various entrepreneurial endeavors, such as starting a new business, expanding an existing one, or fulfilling specific financial requirements. The cornerstone of this scheme lies in its commitment to financial inclusivity.

Government Subsidy

One of the standout features of the Bhavishyat Credit Card Scheme is the government’s provision of a subsidy on margin money, amounting to a significant 10%. This means that beneficiaries can avail themselves of a maximum subsidy of Rs. 25,000 from the government.

The bank loan is calculated as the project cost minus the government subsidy, serving as margin money.

Eligibility of Bhavishyat Credit Card Scheme West Bengal 2023

Who Qualifies?

To be eligible for the Bhavishyat Credit Card Scheme, applicants must meet specific criteria:

• Citizenship: Applicants must be Indian citizens.
• Residency: They must be permanent residents of West Bengal and have lived in the state for at least ten years.
• Family Limit: Only one member per family is eligible for this scheme.
• Age: Motor transport workers and building and other construction workers between the ages of 18 to 55 are eligible.

Applicability of Bhabishyat Credit Card Scheme 2023

Versatile Opportunities

The Bhavishyat Credit Card Scheme supports a variety of income-generating projects, such as starting new businesses, providing services, and engaging in trading activities. It also extends to agricultural sectors like dairy, poultry, fishery, and piggery.

This scheme offers term loans, working loans, and composite loans to both new and existing units. It aims to support a wide range of entrepreneurial initiatives.

Non-Applicability of Bhabishyat Credit Card

Exclusions

While the scheme is designed to be inclusive, there are some exclusions:

• Government Employees: Employees of both the central and state governments cannot apply.
• Defaulters: Individuals with outstanding debts to any bank or financial institution are not eligible.
• Government Undertakings: Government undertakings and their families do not fall under the purview of this scheme.

Document Required for Bhavishyat Credit Card Scheme West Bengal 2023

Essential Documentation

To apply for the Bhavishyat Credit Card Scheme, applicants must provide the following documents:

• Residential Proof
• Aadhar Card
• PAN Card
• Educational Qualifications
• Detailed Project Report
• Passport-Sized Photograph
• Bank Account Details
• Mobile Number

Application Process How to Apply for Bhavishyat Credit Card Scheme West Bengal 2023

Choose Your Path

Beneficiaries can choose between two application methods: online and offline.

Online Application

1. Begin by registering online, providing your personal details.
2. After registration, log in to the portal.
3. Select the West Bengal Bhavishyat Credit Card Scheme.
4. Fill out the online application form, ensuring all necessary documents are uploaded.
5. Review the application thoroughly before submitting it.
6. The Department of MSME & T officers will verify the application.
7. Once approved, your credit card will be provided to you.

Offline Application

1. Obtain the Bhavishyat Credit Card Scheme Offline Application Form from the Department of MSME&T Office.
2. Fill out the form accurately and attach all required documents.
3. Submit the offline application form and documents to the Department of MSME&T District Office.
4. Department officers will verify the application.
5. After verification, you can collect your card from the Department of MSME&T Office.

Contact Information

For any queries or assistance, you can reach out to the Bhavishyat Credit Card Scheme’s helpline:

• Helpline Number: 033-22622004
• Helpdesk Email: helpdesknic.bccs@gmail.com

For additional information, you can also contact the West Bengal Department of Micro, Small and Medium Enterprises and Textiles at msmet.wb@gmail.com or visit their office at 4, Abanindranath Tagore Sarani (Camac Street), 8th Floor, Kolkata – 700016.

Conclusion

In conclusion, the West Bengal Bhavishyat Credit Card Scheme is a forward-looking initiative aimed at fostering entrepreneurship and financial independence among the youth of West Bengal. By providing substantial financial support, the scheme promises to be a catalyst for economic growth and prosperity in the state.

If you meet the eligibility criteria and have an entrepreneurial spirit, this scheme may be the key to turning your business dreams into reality. Don’t miss this opportunity to shape your future and contribute to the growth of West Bengal’s economy.