MNSSBY Bihar Student Credit Card Scheme

 The Bihar Student Credit Card Yojana, initiated in 2016, is a loan program designed to assist students in covering their college fees. Eligible students who have finished 12th standard can access a loan of up to Rs.4 lakh at competitive interest rates. Students have the option to secure a loan for various courses like B.Tech, M.B.B.S., B.Sc., and B.A.  

To qualify for a Bihar student credit card, you must meet the following criteria: 

• Must be a permanent resident of Bihar.
• Proof of residency (Aadhar card, voter ID, etc.) required.
• Must have passed the 12th grade (or equivalent) from a recognized board.
• Applicant should not be older than 25 years at the time of application.
• Must have secured admission in a higher education institution recognized by AICTE, UGC, or other relevant regulatory bodies.

 

Below is the list of documents required to apply for credit card online for the Bihar Student Credit Card:

• Duly filled common application form
• PAN card of the co-applicant and the applicant
• Copies of letters granting scholarship
• Approved course structure
• Fee schedule
• Income certificate from previous year/Form 16
• Bank statement for last six months
• Tax receipt
• Aadhaar card of the co-applicant and the applicant
• 10th and 12th standard marks cards of the applicant
• Admission proof
• Photographs of the student/parents/guarantor - 2
• Income tax returns for last two years
• Address proof

Here are some of the best perks and characteristics of the Bihar Student Credit Card Scheme:

• The maximum loan amount available for availing is Rs.4 lakh.

• You have the option to utilize the loan for technical, polytechnic, and general courses.

• If you need to purchase laptops, books, or pay for fees, financial aid is available.

• Repayment of the loan will commence once you have successfully completed the course and secured employment.

•  In specific cases involving divyang, transgender, and girl students, the interest rate might be as minimal as 1%.  

• The loan recovery processes are relatively lenient due to the government ownership of the loan. In specific instances, the government may choose to forgive the outstanding balance.

 How to Apply for a Bihar Student Credit Card: Step-by-Step Guide

 

Step 1: Go to the official MNSSBY website: [MNSSBY Bihar](https://www.7nishchay-yuvaupmission.bihar.gov.in/).

 

Step 2: On the main page, find and click on the 'New Applicant Registration' option.

 

Step 3: Enter your first name, middle name, last name, email ID, Aadhaar number, and mobile number.

 

 Step 4: Click on 'Send OTP'.

 

Step 5: Enter the OTP received on your email ID and mobile number.

 

Step 6: After submitting the OTP, your registration will be complete.

 

Step 7: You will receive the login details via email and SMS.

 

Step 8: Return to the official MNSSBY website enter the username, password, and captcha details and click on 'Login'.

 

Step 9: Change your password as prompted. Log in again with the new password.

 

Step 10: On the next page, enter your personal details.

 

Step 11: Under the 'Select Scheme' menu, choose the 'Bihar Student Credit Card' option.

 

Step 13: Enter the personal details of the applicant and co-applicant.

 

Step 14: Fill in the required financial and general details.

 

Step 15: You will receive an acknowledgement via email.

 

By following these steps, you can successfully apply for the Bihar Student Credit Card under the MNSSBY scheme, ensuring you have all the necessary financial support for your higher education.

Covers technical, professional, and general courses, including:

• Engineering
• Medical
• Management
• Law
• Other technical and vocational courses

 

Eligible courses for the Bihar Student Credit Card Scheme. Click here

 Students enrolled at specific colleges are eligible to apply for the MNSSBY Bihar student credit card, which offers access to credit at a 0% interest rate. Those who qualify can receive financing of up to Rs.4 lakh at a 0% interest rate for diploma and degree courses. Repayment is required after completing the course, and applicants must have successfully completed 12th class to be eligible for this credit.  

 

Approved colleges for the Bihar Student Credit Card scheme. Click here

 

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
• Customer Care Email id - spmubscc@bihar.gov.in.