The Bihar student credit card scheme is one of the most impactful education financing initiatives launched by the Government of Bihar to help meritorious students pursue higher education without being burdened by immediate financial constraints.
Through this student credit card bihar scheme, eligible students can obtain an education loan at a highly subsidized interest rate to cover tuition fees and other approved academic expenses for professional and technical courses in India and abroad.
This article explains every important aspect of the bihar student credit card scheme.
What Is the bihar student credit card Scheme?
The bihar student credit card Scheme is designed to ensure that no talented student from Bihar is forced to drop out of higher education due to lack of money. Under this program, the state facilitates bank loans up to a fixed maximum limit, commonly up to Rs. 4 lakh as per government guidelines for students who wish to study after completing their 12th standard.
The Bihar government acts as a facilitator and guarantor, which makes banks more willing to provide loans even to students from low income families.
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Objective of bihar student credit card Scheme
tThe primary goals of the student credit card bihar scheme are
- To promote higher education among Bihar’s youth
- To reduce financial inequality in access to education
- To support skill development and employability
- To ensure that financial background does not become a barrier to academic progress
By providing easy education loans, the scheme helps Bihar build a more skilled and educated workforce.
Who Can Apply for student credit card bihar scheme?
To apply for the student credit card bihar Scheme, a student must meet the following basic eligibility conditions:
- Must be a permanent resident of Bihar
- Must have passed Class 12 (Intermediate) from a recognized board
- Must have secured admission in a recognized institution in India or abroad
- The course must be approved under the scheme (technical, professional, or general higher education).
- The student should generally be within the age limit specified by the government
- Both male and female students are equally eligible.
Courses Covered Under the Scheme
The Bihar Student Credit Card is available for a wide range of higher education programs, including:
- Engineering (B.Tech, B.E., Diploma)
- Medical and Paramedical courses
- Management (MBA, BBA)
- Law
- IT and Computer ScienceScience,
- Arts, and Commerce degrees
- Polytechnic and vocational courses
Selected international degree programsAs long as the institution and course are approved, students can apply for financial support.
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Loan Amount and What It Covers
Under the Bihar Student Credit Card Scheme, students can receive an education loan up to a fixed ceiling, commonly Rs. 4 lakh depending on course requirements.The loan amount can be used for:Tuition and admission Fees hostel and accommodation Charges, books, equipment, and study materials examination and laboratory Fees other education related expenses
This ensures that students can focus fully on their studies without worrying about money.
Interest Rate and Repayment
One of the biggest advantages of the Bihar Student Credit Card Scheme is its subsidized interest rate. The Bihar government provides interest support, which significantly reduces the burden on students.
Key repayment features include:
- No repayment during the study period
- A grace period after course completion
- Monthly installments after getting a job or starting income
- Easy and flexible repayment structure
This makes the scheme far more student friendly than regular bank education loans.
How to Apply for Bihar Student Credit Card?
The application process is completely online and transparent.
- Visit the official Bihar Student Credit Card portal
- Register using Aadhaar, mobile number, and basic details
- Fill in personal, educational, and course information
- Upload required documents
- Submit the application
- Visit the assigned District Registration and Counseling Center (DRCC) for verification
- After approval, the loan is processed through a partner bank
Once sanctioned, the loan amount is directly paid to the institution as per rules.
Documents Required for bihar student credit card Scheme
- Aadhaar Card
- Residence Certificate of Bihar
- Income Certificate
- Class 10 and 12 Mark Sheets
- Admission Letter from the college or university
- Fee structure of the course
- Bank account details
- Passport-size photographs
All documents must be valid and up to date.
Benefits of Bihar Student Credit Card Scheme
- Enables higher education for financially weak students
- Reduces dependence on private money lenders
- Promotes career oriented learning
- Improves employment and income opportunities
- Supports women and rural students
- It plays a key role in Bihar’s educational and economic development.
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Why student credit card is important for bihar
Bihar has a large population of young people with strong academic potential but limited financial resources. The Bihar Student Credit Card Scheme ensures that talent is not wasted due to poverty.
By funding education, the government is investing in human capital, which leads to long term growth for the state.
Conclusion
The Bihar student credit card scheme is a powerful initiative that opens the doors of higher education to thousands of deserving students every year. With low interest, easy repayment, and government support, it makes professional and technical education affordable for everyone in Bihar.
If you are a student who has completed 12th and dreams of building a successful career, this scheme can be your financial bridge to a better future.
Bihar Student Credit Card Scheme (BSCCS)–FAQ
Q1. What is the Bihar Student Credit Card Scheme?
Ans. The Bihar Student Credit Card Scheme is a higher education loan support program run by the Government of Bihar. It allows students who have passed Class 12 to take an education loan of up to Rs. 4 lakh to pursue higher studies in India or abroad.
Q2. Who is eligible for the scheme?
Ans. A student is eligible if he or she:
Is a permanent resident of Bihar,
Has passed 12th (Intermediate) from a recognized board
Has secured admission in an approved course/Institutions within the age limit prescribed by the Scheme both government and private institutions are covered if they are recognized.
Q3. What is the maximum loan amount?
Ans. A student can get a loan of up to Rs. 4,00,000 under this scheme. The actual amount depends on the course fee and the institution.
Q4. What expenses are covered by the loan?
Ans. The loan can be used for:
1. Tuition and admission fees
2. Hostel and accommodation
3. Books, laptops, and equipment, Examination and laboratory fees
4. Other education-related costs
Q5. What is the interest rate?
Ans. The interest rate is kept very low because the Bihar Government provides interest subsidy. Girls, disabled students, and students from weaker sections get higher interest Support students pay much less interest compared to normal bank education loans
Q6. When does loan repayment start?
Ans. Repayment starts after completion of the course and a short grace period.No EMI is required during the study Period monthly installments begin once the student gets a job or income
Q7. Is a guarantor required for bihar credit card scheme?
Ans. No personal guarantor is required. The Bihar Government acts as the guarantor, which makes the loan safe for students from low income families.
Q8. How can a student apply?
Ans. Students must apply through the official Bihar Student Credit Card online portal. After filling the form
Q9. Can students studying outside Bihar apply?
Ans. Yes. As long as the student is a resident of Bihar and has taken admission in a recognized institution anywhere in India or abroad, they are eligible.
Q10. Are private colleges covered?
Ans. Yes. Both government and private institutions are covered, provided they are recognized and approved by the scheme.
Q11. Can the loan be used for studying abroad?
Ans. Yes. Selected foreign universities and professional courses are also covered under the Bihar Student Credit Card Scheme.
Q12. Is there any application fee?
Ans. No. Applying for the Bihar Student Credit Card is completely free.
Q13. What happens if a student fails or drops out?
Ans. If a student discontinues studies, the loan amount used must be repaid as per bank rules. However, the scheme still offers flexible repayment options.
Q14. Can one student take this loan more than once?
Ans. No. The bihar student credit card scheme can be used only once for one higher education course.
Q12. Is there any application fee?
Ans. This scheme ensures that no deserving student in Bihar is denied higher education because of money problems. It helps in building a skilled, educated, and financially independent generation.
