An Act to establish a Scheduled Castes and Scheduled Tribes Development and Finance Corporation in West Bengal.
West Bengal SC ST Development & Finance Corporation
The functions of this Corporation shall be to undertake the task of economic welfare of the members of the SC & ST through Industrial and Commercial activities.
90% of the expenditure of entire duration of the professional courses subject to maximum loan limit of up to Rs. 1.875 lakh/ per beneficiary per annum (for studying in India) and up to Rs. 3.75 lakh/ per beneficiary per annum (for studying abroad) shall be provided considering average duration of the course as four years. Balance 10% will have to be borne by the students.