Bihar Student Credit Card

Bihar Student Credit Card: A boon for students pursuing higher education

The Bihar Student Credit Card (BSCC) is a scheme launched by the Government of Bihar to provide financial assistance to students pursuing higher education. The scheme is open to all students who are domiciled in Bihar and have passed their Class 12th examination from a recognized board.

Under the BSCC scheme, students can get a loan of up to ₹4 lakh to cover the cost of their education, including tuition fees, hostel fees, and other expenses. The loan is interest-free and students are required to repay it only after they complete their studies and get a job.

The BSCC scheme is a boon for students from economically weaker sections of society. It enables them to pursue their higher education without having to worry about the financial burden. The scheme has also helped to increase the enrollment in higher education institutions in Bihar.

Benefits of the Bihar Student Credit Card

The BSCC offers a number of benefits to students, including:

• Interest-free loan: The loan is interest-free, which means that students do not have to pay any interest on the amount they borrow.
• Long repayment period: Students have a long repayment period of up to 10 years to repay the loan. This gives them enough time to get a job and start earning a salary before they start repaying the loan.
• Moratorium period: Students are not required to start repaying the loan immediately after they complete their studies. They have a moratorium period of up to 1 year after completing their studies to find a job and start earning a salary.
• Easy application process: The application process for the BSCC is simple and hassle-free. Students can apply for the loan online or through any of the designated branches of the participating banks.

How to apply for the Bihar Student Credit Card

To apply for the Bihar Student Credit Card, students need to visit the website of the Bihar Student Credit Card Cell (https://www.7nishchay-yuvaupmission.bihar.gov.in/) and fill up the online application form. Students can also apply for the loan through any of the designated branches of the participating banks.

Eligibility criteria for the Bihar Student Credit Card

To be eligible for the Bihar Student Credit Card, students must:

• Be domiciled in Bihar
• Have passed their Class 12th examination from a recognized board
• Have secured a minimum of 50% marks in their Class 12th examination
• Be pursuing a full-time degree or diploma course from a recognized institution

Documents required for applying for the Bihar Student Credit Card

To apply for the Bihar Student Credit Card, students need to submit the following documents:

• Filled-in application form
• Domicile certificate
• Class 12th mark sheet
• Caste certificate (if applicable)
• Income certificate (if applicable)
• Passport size photographs

Conclusion

The Bihar Student Credit Card is a great scheme for students who want to pursue higher education without having to worry about the financial burden. The scheme offers a number of benefits to students, including an interest-free loan, a long repayment period, and a moratorium period. Students who are eligible for the scheme should apply for it as soon as possible.