The Bihar government’s Bihar Student Credit Card Scheme allows students who have passed Class 12 or Class 10 (for higher education) to apply for education loans up to INR 4 lac with an affordable interest rate* of 4%. The purpose of this scheme is to offer Bihar students who are unable to complete their studies because of insufficient financial support.

The loan is available to transgender applicants, persons with disabilities (PwD) students, and female candidates at a 1% lower interest rate. In addition, students will not be required to pay interest upon the loan for a year after the completion of their education or for a period of six months after the start of work, whatever comes first. The Bihar Student Credit Card scheme is a funded by the state scheme that supports students with low incomes in their desire of a higher education.

In higher education, the GROSS ENROLLMENT RATIO (GER) is currently 13%. This amounts to approximately 24 percent on a nationwide scale. The goal of the state government is to take all required actions to bring Bihar’s GER up to level with the national average. The Student Credit Card Scheme will be beneficial in achieving this goal.

This scheme launched in October, 2016 by Bihar government. Student Credit Card program is an aspect of the Mukhyamantri Nishchay Swayam Sahayata Bhata Yojana (MNSSBY) operated by the Bihar Vikas Mission. Credit cards can be used to pay for the amount allowed under this program.

Bihar Student Credit Card Overview

Particular	Details
Scheme Name	Bihar Student Credit Card (BSCC)
Launched By	Government of Bihar
Launch Date	2nd October, 2016
Application Mode	Online
Who is Eligible	Only Bihar States Student
Main Objective of the Scheme	Provide financial help for students who have completed Class 10th or 12th
Benefits of the Scheme	Up to INR 4 lakh in education loans are available at a simple 4% annual interest rate and for female applications, PwD and transgender students are available at a basic annual interest rate of 1%.
Official Websites	7nishchay-yuvaupmission.bihar.gov.in
Why Launched this Scheme	How many students in this position completed their secondary education but have to drop out because they cannot afford to maintain their education? For that reason, the government has been in charge of this scheme. Students must apply online for this program in order to be eligible for benefits.

Goals & Objective of this Scheme

In such a scenario, many such students continue their studies till Intermediate but because of lack of money for higher education they have to drop out their further studies. So, the scheme has been launched by the government of Bihar. In order to be eligible for the benefits of this scheme, the students have to apply online. Therefore, the main objective of the Bihar Student Credit card program is to provide financial help to the students who have finished their Class 10th and Class 12th studies.

Characteristics and Advantages of the Student Credit Card of Bihar

• Any interested student can apply for education loans through the Student Credit Card Scheme of Bihar by connecting with banks.
• For students who have successfully completed their intermediate or 10th grade education in Bihar’s owned by the state educational institutions, this program is eligible.
• Students who qualify for this program may receive up to INR 4 lac in loans.
• You can pursue education in general, polytechnic, or technical courses with the loan amount.
• In addition, you can pay the fees with the loan funds or use it to buy study items including books, stationary, and a laptop.
• The loan scheme has a low charged interest rate of 4%. For women, transgender students, and (PwD) person with disabilities, the interest rate is even lower 1%.
• The program allows for payment flexibility because students are required to repay the loan after completing their studies and finding jobs. For example, if you enroll up for the program to choose a three-year BSc course, you are not required to pay back the loan during the study time.

Eligibility Criteria of Bihar Student Credit Card Yojna

The following are some of the Bihar’s Student Credit Card Scheme main features and benefits:

• Eligible students are those studying in professional/technical studies like engineering, medical, management, or law, as well as general courses like B.A. or B.Sc.
• Candidates must be Bihar permanent residents and cannot be independent contractors.
• The maximum age of the candidate at the time of application should be 25 years. But the maximum age limit is raised to 30 years for required postgraduate courses while graduation is the minimum requirement.
• In accordance with the guidelines published by the appropriate oversight organization of Bihar or another state/federal government, the candidate must be accepted or chosen for admission to a recognized institution of higher education.
• The student must have graduated from a Bihar-recognized college with a Class 12 qualification or its equivalent, or a Class 10 pass for polytechnic programs.
• Candidates with a passing grade of both Class 10th (for polytechnic programs) or 12th grade from nearby states like Jharkhand, Uttar Pradesh, and West Bengal are also accepted.

Note:

• A candidate has no right to apply for another program at the same level if they completed successfully and received a degree at that level, with exception of technical or management courses. Students who are interested in earning another bachelor’s degree, such as a B.B.A., B.C.A., B.M.S., etc., after completing their B.Com degree, are not eligible to apply for this program.
• In the event that candidates reside in hostels, the loan money will be transferred straight to the college.

Required Documents

• AADHAR Card
• 10+2 Mark Sheet
• Resident Certificate
• Admission Certificate of recognized college for Higher Education
• Course fee structure for higher education, approved by college
• PAN Card (Applicants)
• Copy of the application form, self-attested, with a passport-sized photo
• Previous 6 Months Reports of Bank account
• Form-16 with the past year’s family income tax certificate
• Past 2 years income tax statements
• Other identity proof like Voter Card, Passport, DL, etc

How to apply online for Student Credit Card in Bihar?

Applicants must complete the steps listed below if they want to apply for the scheme online:

• Go for Official website
• Click on the “New Applicant Registration”
• After entering all required details like name, email address, Aadhaar number, and phone number then click the “Send OTP” option.
• The email address and registered phone number will receive a one-time password (OTP) for verification.
• A contact form and personal information will show up after you submit the OTP.
• Complete and submit the application form with all the details required.
• Provide the details carefully in the application form check the details again and submit it.
• You will receive a unique registration id via email and phone number that you have registered after completing the form.
• After completing the form, a PDF format will be provided with details on required documents and visit the District Registration and Counseling Center (DRCC) on scheduled time desk in order to proceed for the application procedure.
• Visit at the District Registration and Counseling Center (DRCC) on the scheduled date and time, providing the application form and the necessary documentation in the required format.
• After submitting all required documents, proceed and get the application verification receipt from the appointed counter.

Note:

*You are not required to submit any documents online.

*The Multi-Purpose Assistant (MPA) will make immediate edits and changes to the application form.

*Before submitting an application for any government program or service, candidates must register with the District Registration and Counseling Center (DRCC), a registered office of the Government of Bihar.

How to Check Bihar Student Credit Card Application Status?

Candidates must complete the following activities if they want to track their application status for the BSCC program.

• Visit to the official website of MNSSBY
• Go for “Application Status” tab
• To check the status of your application, enter in the required fields, such as Date of Birth, Captcha Code, and Registration ID, Aadhaar Number, and tap the “Submit” option.

Application Approval Process of Student Credit Card Yojna

The government authorities will review the application form and documents when they have been successfully submitted. After the applicant’s documents have been submitted, the verification process can take up to 15 days. After verification, the information is transmitted to the banks, who decide whether to approve or reject the loan’s application.

The bank notifies the registered phone number provided during the form registration process via text messages of the loan’s decision to accept or reject it. The applicant must go to the bank branch to finalize the procedures after the loan application is accepted.

Courses List under Bihar Student Credit Card Yojna

A wide range of course kinds have been included in this program taking advantage of the students’ preferences; the list is shown below:

B.Com / M.Com	B.Sc / M.Sc	Hotel Management
B.Tech / M.Tech	BA / MA	B.Ed
BBA	MBA	Nursing
Polytechnic	BAMS	BVMS
BFA	BCA	MCA
Agriculture	All Diploma Course	Pharmacy

Note: Visit on the official website to view all courses offered through the Student Credit Card scheme of Bihar.

Colleges List under Bihar Student Credit Card

The colleges accepted by the scheme of the MNSSBY are offered across India and in all states. As a consequence, this application can help Bihar students from everywhere in India. Which is great from the perspective of education since it started an entirely new era in the educational field by allowing students who otherwise couldn’t afford to pay for college or continue their higher education to accomplish so. There is a fairly lengthy list of colleges covered by the MNSSBY program. Go to the MNSSBY official website to get the list of colleges covered by the MNSSBY in PDF format.

Some Important Links:

Important Links	Links
MNSSBY official website	Click here
MNSSBY College List	Click here
MNSSBY Courses List	Click here
BSCC Apply online	Click here
BSCC Application Login	Click here
Check application status	Click here

Conclusion

We have covered quite a lot of information in this article, including the Bihar Student Credit Card Yojana: Eligibility Criteria, Course List, College List, Loan, Document Required, and Application Form. In addition, instructions on how to apply online for the Bihar Student Credit Card have been presented.

We appreciate that you enjoyed our post. Please don’t hesitate to leave a comment below with any comments or suggestions you may have, and our team will attempt our best to get back to you. Sincere gratitude to all those who read this article.

FAQs: Frequently Asked Questions

Question: How can I check out the status of my Bihar student credit card?

Entering your date of birth and registration number or Aadhaar number on the MNSSBY official website will make it possible you to track the status of your application online.

Question: For whom is a student credit card loan available?

Students who pass their 10th or 12th grade can receive financial aid through the BSCC Yojana to pursue higher education.

Question: What is BSCC’s max credit amount?

Up to ₹4 lakh in monetary support is available through the BSCC Yojana at low interest rates.

Question: What is the BSCC age limit?

The maximum age of the candidate at the time of application should be 25.

Question: Can I use my Bihar student credit card to purchase a laptop?

Yes, you can pay the fees with the loan money or use it to buy study necessities and a laptop.