Bihar’s Gross Enrolment Ratio (GER) was just 14.5% in 2021, which was much below the national average of 27.1%. By the end of this decade, the state government aims to enhance the GER to 30%.
In order to achieve this target, the Bihar Government is making sincere efforts to bring more students to higher education and reduce dropout rates. Under the Sushasan program of 2015-20, the Bihar Student Credit Card Scheme (BSCC Yojana) was launched for students pursuing higher education.
This scheme provides financial assistance of up to ₹4 Lakhs at minimal interest rates. Students can use the funds provided under the Bihar Student Credit Card Scheme to finance their degrees in B.A., B.Sc., B. Tech., M.B.B.S. courses, etc.
Here are some of the best perks and characteristics of the Bihar Student Credit Card Scheme:
The maximum loan you can avail of under this scheme is ₹4 Lakhs
The moratorium of the loan repayment will be available to students for a year after completing their course or 6 months after the commencement of their job
Simple interest of 4% will be applicable on the amount of the loan
For girls, transgender people, and students with disabilities, a preferential interest rate of 1% is applicable
Monetary assistance is available on these credit cards if you want to pay fees, buy books, purchase laptops, etc
The funds will be directly transferred to the educational institutions through the medium of RTGS/ NEFT transfer
In case a student lives outside the hostel provided by the educational institution, a fixed amount will be provided to the student based on Annexures 1 and 2
This loan facility is available for students pursuing technical, polytechnic, as well as general courses
To qualify for a Bihar student credit card, you must meet the following criteria:
The applicant must be a resident of Bihar who has completed 12th standard from Bihar or any other bordering state
The applicant must be pursuing the degrees mentioned in Annexure 3 from any recognised institution by the central or state governments
The maximum age for the students studying in the Bachelor’s program must be 25 years to avail of this loan
For Master’s programs requiring Bachelor’s degree as basic eligibility, the maximum age allowed under the Bihar Student Credit Card Scheme is 30 years
If you meet all the requirements on this eligibility checklist, you can apply for the loan by submitting the following documents:
Aadhaar card and PAN card copies (yours and the co-applicant’s)
Passing certificate of 10th and 12th standards
Address proof documents (driver’s licence, voter’s ID, etc.)
Certificates of scholarships
A copy of your bank passbook with details like account number, bank branch address, and IFSC code
Nomination letter from your institution containing the duration of the course
Details of the fee structure received from the institution
2 passport-size photos (yours and the co-applicant’s)
To apply for a Bihar Student Credit Card Scheme online, simply follow these steps:
Step 1: Visit the MNSSBY portal and navigate to the ‘New Applicant Registration’ option
Step 2: Enter basic information in the form and click on the ‘Send OTP’ option
Step 3: Enter the OTP to complete your registration process
Step 4: Go to the home page again and log in using the username and password that you will receive on your registered email
Step 5: Fill out the further details requested in the application form and submit it after reviewing
Step 6: Select the scheme, where you need to click on the ‘Bihar Student Credit Card’ option
Step 7: Wait for the new window, and add your and the co-applicant’s information
Step 8: Submit the form, an acknowledgement slip will be provided to you for future reference
Bihar Student Credit Card Customer Care
If you have any queries regarding the Bihar Student Credit Card Scheme, you can contact the authorities for their resolution.
Helpline Number – 1800 3456 444
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You can use the funds available under the Bihar Student Credit Card Scheme to pay your higher education fees. Moreover, you can also use the loan amount to purchase uniforms, books, and stationaries, pay for a hostel or other accommodation while studying, etc.
Bihar Student Credit Card is offered by the Bihar Government for resident higher education students. The applicants can use the credit limit of ₹4 Lakhs on this card to fund their educational expenses, including fees, stationary, and accommodation.
As a new user, you can apply for a Bihar Student Credit Card Scheme by registering yourself to get the login credentials. Once you receive the login credentials on your registered contact, you can apply for a Bihar Student Credit Card.
You can check your Bihar Student Credit Card status online by logging into your account on the MNSSBY portal. Just enter the application number mentioned on the acknowledgement slip received after the completion of the application process.
You need to be a resident of Bihar and should have successfully cleared the 12th grade. Moreover, you need to be enrolled in any one of the courses mentioned in Annexure 3 as well as you must not be over 25 years if you are pursuing a Bachelor’s course.
You can get a maximum amount of ₹4 Lakhs as a loan under the MNSSBY Bihar Student Credit Card Yojana.
No, you are not required to submit any income-related document proof to avail of the benefits of the Bihar Student Credit Card Scheme.
To get a Bihar Student Credit Card, you need to not be more than 25 years old if you are enrolled in a Bachelor’s program. On the other hand, the maximum age is 30 years if you are pursuing a Master’s course that requires an undergraduate degree as a basic eligibility requirement.
Yes. When you apply for a Bihar Student Credit Card, you’re eligible for a loan amount of up to ₹4 Lakhs. As a student, you can use this BSCC loan to buy a laptop to facilitate your education.
In general, the credit line offered through the MNSSBY’s student credit card scheme can be used to purchase books, pay fees, or meet any other course requirement.
A simple interest rate of 4% is levied when you repay the loans against your student credit card. However, girls, transgender people, and students with disabilities need to pay only a preferential interest rate of 1%.
Yes, the moratorium period on Bihar Student Credit Card loans extends up to one year after the completion of your course or 6 months after the commencement of your job.
Apart from Bihar, the West Bengal Government also offers Student Credit Cards with a credit line extending up to ₹10 Lakhs at a 4% interest rate.
The Central Government, through various public sector banks, also provides Kisan Credit Cards that offer crop loans to farmers at rates ranging between 2-4%.
