MNSSBY Bihar Student Credit Card

The Bihar Student Credit Card Scheme (BSCC Yojana) 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.

In 2021, Bihar’s Gross Enrolment Ratio (GER) was just 14.5%. This 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. 

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

Students enrolled at approved institutions and courses will be eligible for the MNSSBY Bihar Student Credit Card. You can find the list of eligible institutions and courses on the MNSSBY official website.