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.