Bihar Student Credit Card Scheme: Higher education is the foundation of a successful career, but financial constraints often stop talented students from achieving their academic goals. To bridge this gap, the Government of Bihar launched the Bihar Student Credit Card Scheme, a flagship initiative aimed at providing easy and affordable education loans to deserving students.

The Bihar Student Credit Card scheme has helped thousands of students pursue higher education in India and abroad by offering financial support up to ₹4 lakh with flexible repayment options. This article is a complete guide covering eligibility, benefits, loan amount, interest, EMI options, application process, approved colleges, and important tips related to the Bihar Student Credit Card.

What is Bihar Student Credit Card Scheme?

The Bihar Student Credit Card Scheme is a government-backed education loan program launched under the Mukhyamantri Nishchay Swayam Sahayata Bhatta Yojana (MNSSBY). The scheme is designed to support students from Bihar who wish to pursue higher education after Class 12.

Under this scheme:

• Students can avail an education loan up to ₹4,00,000
• Loan is provided at a very low and subsidized interest rate
• Repayment starts after completion of the course
• No collateral or security is required

The Bihar Student Credit Card aims to ensure that no student is deprived of education due to financial reasons.

Objectives of Bihar Student Credit Card Scheme

The main objectives of the Bihar Student Credit Card scheme are:

• Promote higher education among Bihar students
• Reduce dropout rates due to financial issues
• Support professional, technical, and general education
• Encourage students to study in reputed institutions across India
• Provide affordable and accessible education loans
• Empower youth with quality education and skills

Key Highlights of Bihar Student Credit Card Scheme

Here are the major highlights of the Bihar Student Credit Card:

• 📌 Loan amount up to ₹4 lakh
• 📌 Applicable for UG, PG, diploma, technical & professional courses
• 📌 Low interest rate (government subsidized)
• 📌 EMI starts after course completion
• 📌 No collateral required
• 📌 Covers colleges inside and outside Bihar
• 📌 Online application process
• 📌 Transparent and student-friendly scheme

Who Can Apply for Bihar Student Credit Card? (Eligibility Criteria)

To apply for the Bihar Student Credit Card, students must fulfill the following eligibility conditions:

1. Domicile

• Applicant must be a permanent resident of Bihar

2. Educational Qualification

• Must have passed Class 12 (10+2) from a recognized board

3. Age Limit

• Generally 18 to 25 years (may vary in special cases)

4. Course Eligibility

• Admission in a recognized college or institution
• The college must be listed in the BSCC approved college list

5. Academic Performance

• No minimum percentage required, but admission must be valid

Courses Covered Under Bihar Student Credit Card

The Bihar Student Credit Card covers a wide range of courses, including:

Undergraduate (UG) Courses

• B.Tech / B.E
• B.Sc / B.Com / B.A
• BBA / BCA
• B.Pharm
• B.Sc Nursing
• LLB / BA LLB
• B.Ed

Postgraduate (PG) Courses

• MBA / MCA
• M.Tech
• M.Sc / M.Com / M.A
• M.Pharm
• LLM
• M.Ed

Professional & Technical Courses

• MBBS / BDS
• Nursing (GNM / ANM)
• Polytechnic / Diploma
• Hotel Management
• Agriculture
• Fashion & Design

⚠️ Courses are eligible only if offered by colleges approved under the Bihar Student Credit Card scheme.

Bihar Student Credit Card Loan Amount & Interest

Loan Amount

• Minimum: As per course requirement
• Maximum: ₹4,00,000

Interest Rate

• Very low interest (subsidized by Bihar Government)
• Students repay only a minimal interest portion

Loan Usage

The loan amount can be used for:

• Tuition fees
• Hostel fees
• Books & study material
• Laptop and educational equipment
• Other academic expenses

EMI & Repayment Options Under Bihar Student Credit Card

One of the biggest benefits of the Bihar Student Credit Card is flexible repayment.

EMI Details (Indicative)

🔹 EMI starts after course completion
🔹 No EMI during study period
🔹 Flexible repayment tenure

Approved Colleges Under Bihar Student Credit Card

Loan approval under the Bihar Student Credit Card depends on whether the college is approved.

Types of Approved Colleges

• Government colleges & universities
• Central universities
• State universities
• UGC-recognized private universities
• Deemed universities
• AICTE / PCI / NMC / BCI approved colleges

Location Coverage

• Colleges in Bihar
• Colleges in other states of India (Delhi, UP, Punjab, Maharashtra, etc.)

Always verify your college from the official BSCC college list before admission.

How to Apply for Bihar Student Credit Card (Step-by-Step Process)

Step 1: Online Registration

Register on the official MNSSBY portal.

Step 2: Login & Choose Scheme

Select Bihar Student Credit Card Scheme.

Step 3: Fill Application Form

Enter personal, academic, and course details.

Step 4: Select College

Choose college from the approved BSCC college list.

Step 5: Upload Documents

Upload scanned copies of required documents.

Step 6: Submit Application

After submission, application is verified.

Step 7: Counseling & Bank Process

Attend counseling and complete bank formalities.

Step 8: Loan Sanction

Loan amount is sanctioned and disbursed.

✅ STEP-BY-STEP APPLICATION CHECKLIST (VERY IMPORTANT)

Use this checklist before applying for Bihar Student Credit Card:

✔ Before Applying

• ✔ Bihar domicile certificate ready
• ✔ Passed Class 12
• ✔ Admission letter from BSCC-approved college
• ✔ Fee structure from college

✔ Documents Checklist

• Aadhaar Card
• Bihar Domicile Certificate
• Class 10 & 12 Marksheet
• Admission Letter
• College Fee Structure
• Income Certificate
• Bank Account Details
• Passport Size Photograph

✔ While Applying

• Enter correct personal details
• Select correct course & college
• Upload clear documents
• Double-check application before submission

Documents Required for Bihar Student Credit Card

• Aadhaar Card
• Bihar Domicile Certificate
• Class 10 & 12 Marksheet
• Admission Letter
• College Fee Structure
• Income Certificate
• Bank Account Details
• Passport Size Photograph

Benefits of Bihar Student Credit Card Scheme

The Bihar Student Credit Card offers multiple benefits:

• ✔ Affordable education loan
• ✔ No collateral or guarantor
• ✔ Supports higher education outside Bihar
• ✔ Encourages professional education
• ✔ EMI after course completion
• ✔ Transparent government-backed scheme
• ✔ Helps economically weaker students

Common Reasons for Application Rejection

Students should avoid these mistakes:

• ❌ College not approved under BSCC
• ❌ Incomplete documents
• ❌ Invalid admission letter
• ❌ Incorrect personal details
• ❌ Applying after age limit
• ❌ Mismatch in course details

Important Tips for Students

• Verify college approval before admission
• Apply early to avoid delays
• Keep documents ready
• Do not trust unauthorized agents
• Follow official guidelines only
• Choose recognized and reputed institutions

FAQs – Bihar Student Credit Card

1. What is Bihar Student Credit Card Scheme?

The Bihar Student Credit Card is a government education loan scheme offering up to ₹4 lakh for higher studies.

2. Who is eligible for Bihar Student Credit Card?

Students with Bihar domicile who have passed 12th and taken admission in an approved college are eligible.

3. What is the maximum loan amount under Bihar Student Credit Card?

The maximum loan amount is ₹4,00,000.

4. Is collateral required for Bihar Student Credit Card?

No, collateral or security is not required.

5. When does EMI start under Bihar Student Credit Card?

EMI starts after completion of the course.

6. Can I study outside Bihar with Bihar Student Credit Card?

Yes, if the college is listed in the BSCC approved college list.

7. Which courses are covered under Bihar Student Credit Card?

UG, PG, diploma, technical, medical, management, and professional courses are covered.

8. Is Bihar Student Credit Card available for private colleges?

Yes, if the private college is government-approved and listed under BSCC.

9. How long is the repayment period?

Repayment tenure can go up to 15 years.

10. Is interest charged on Bihar Student Credit Card?

Yes, but the interest rate is highly subsidized by the Bihar Government.

11. Can diploma students apply for Bihar Student Credit Card?

Yes, diploma and polytechnic students can apply.

12. Is there any income limit for Bihar Student Credit Card?

Currently, no strict income limit, but income certificate is required.

13. What happens if my college is not approved under BSCC?

Your application will be rejected.

14. Can girls apply for Bihar Student Credit Card?

Yes, the scheme is open for both male and female students.

15. Why is Bihar Student Credit Card important for students?

It removes financial barriers and helps students pursue higher education without stress.

16. What is the maximum loan amount?

₹4,00,000.

Conclusion

The Bihar Student Credit Card Scheme is a powerful initiative that opens doors to higher education for thousands of Bihar students. With easy loan availability, low interest, flexible EMIs, and coverage across India, the Bihar Student Credit Card ensures that financial limitations do not become a barrier to education.

If you are planning higher studies after Class 12, applying for the Bihar Student Credit Card can be a smart and life-changing decision.