"Student Credit Card in Bihar: Complete Guide to Bihar Student Credit Card Scheme 2025

Student Credit Card in Bihar: Full Guide to Bihar Student Credit Card Scheme

What is a Student Credit Card in Bihar?

The Student Credit Card in Bihar is a revolutionary financial aid program launched by the Bihar government to promote higher education and skill development among youth. Introduced under the Bihar Student Credit Card Scheme (BSCCS), the initiative provides education loans of up to ₹4 lakh to students who want to pursue higher studies in recognized institutions, both within and outside the state.

The scheme, launched on October 2, 2016, is part of the ambitious “Mukhyamantri Nishchay Swayam Sahayata Bhatta Yojana” and is implemented by the Bihar State Education Finance Corporation (BSEFC). It aims to financially empower students from economically weaker sections and reduce dropout rates after Class 12.

Benefits of Bihar Student Credit Card Scheme

• Education loan of up to ₹4,00,000 for higher studies.
• Low-interest rate of just 1% for girls, transgender, and divyang students.
• No collateral or guarantor required.
• Flexible repayment period after completion of the course.
• Loan covers tuition fees, books, accommodation, laptops, etc.
• Promotes technical and non-technical education.

Eligibility Criteria for Bihar Student Credit Card

• The applicant must be a permanent resident of Bihar.
• The student must have passed Class 12 from a recognized board.
• Age must not exceed 25 years (relaxation available for certain categories).
• The student should be enrolled or willing to enroll in higher education or skill development courses in recognized institutes.
• Only one student credit card can be issued per applicant.

How to Apply for Student Credit Card in Bihar?

Applying for a student credit card in Bihar is a straightforward process. Students can apply online through the official website or visit their nearest District Registration and Counseling Center (DRCC).

Steps for Bihar Student Credit Card Application Online

1. Visit the official website of Bihar Student Credit Card Scheme.
2. Click on “New Applicant Registration” under the 'Apply Online' section.
3. Fill in your personal details, mobile number, and email ID.
4. You will receive login credentials on your registered email and phone number.
5. Login and complete the online application form.
6. Upload required documents like Aadhaar card, 10th & 12th marksheet, admission proof, income certificate, etc.
7. Submit the form and note the application ID for future reference.

Once the application is approved, students will be called for document verification at the DRCC, and the loan processing will begin.

Apply Now: Bihar Student Credit Card Application Online

Student Credit Card Bihar Interest Rate

The interest rate on the student credit card in Bihar is extremely student-friendly:

• 1% per annum for girls, transgender, and physically disabled students.
• 4% per annum for male students.

The interest is calculated on a simple interest basis and repayment starts after a grace period of one year post-course completion or employment, whichever is earlier.

Courses Covered Under Bihar Credit Card Scheme

The Bihar credit card scheme supports a wide range of professional, technical, and general academic courses. Some of them include:

• Engineering (B.Tech, B.E.)
• Medical (MBBS, BDS, Nursing, Paramedical)
• Management (BBA, MBA)
• Computer Science, IT, BCA, MCA
• Law, Journalism, Fashion Designing
• General Graduation (B.A., B.Sc., B.Com.)
• Polytechnic, Diploma, and Vocational Courses

Documents Required for Bihar Student Credit Card

• Recent passport-size photograph
• Aadhaar Card and PAN Card
• 10th and 12th Marksheets
• Domicile Certificate of Bihar
• Admission letter from college/university
• Fee structure of the course
• Bank account details
• Income certificate of parents

Repayment and Loan Tenure

The loan repayment begins after 1 year of completing the course or 6 months after getting a job. The maximum repayment period is 15 years, making it easy for students to repay in EMIs once they are financially stable.

Why Bihar Student Credit Card is a Game-Changer

The Student Credit Card Bihar scheme has already transformed the lives of lakhs of students who earlier lacked financial resources for quality education. By removing economic barriers and promoting merit-based access to higher education, this initiative contributes significantly to Bihar’s vision of becoming an educated and skilled state.

Moreover, the Bihar student credit card loan ensures financial freedom for students without putting pressure on their families.

Conclusion

The Student Credit Card in Bihar is not just a loan; it’s an opportunity for students to chase their dreams without worrying about finances. If you or someone you know is planning to pursue higher education but is constrained by money, the Bihar student credit card scheme is your gateway to a better future.

For full details, eligibility, and application process, visit Learn BSEB's official guide here.