Bihar Student Credit Card Scheme

Description
The Department of Education introduced a scheme named " Bihar Student Credit Card Scheme ". Its aim is to provide financial aid to students to complete their higher education. In this scheme, the students can avail loans of up to ₹4 lakhs at minimal interest rates. They can utilize these funds for financing courses like B.Sc, B.A, B.Tech, or MBBS. This scheme is specifically for all those students who are interested in pursuing higher education but due to lack of financial resources, they are not able to pursue the same.

Exclusions
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Benefits
• The eligible students will get the following benefits under this scheme:-
• A maximum loan amount of ₹4 lakh.
• Loan can be availed for polytechnic, technical and general courses.
• This assistance may be utilized for purchasing of books and laptops or pay any kind of fees.
• Repayment of the loan starts once the course has been completed and student have secured a job.
• The interest rate of the loan is 1% for Divyang, transgender, and girl students.
• The recovery procedures are flexible since the loan is government-owned.

Eligibility Criteria
1. The applicant must be a resident of Bihar state and should be at least 25 years.
2. The applicant must have passed the class 12th.
3. The applicant must get admission to a course in an authorized institute.
4. The applicant must complete the entire course.

Required Documents
• Filled common application form
• Aadhar card
• Pan card
• Xth and XIIth mark sheet and certificate
• Copies of the letter conferring scholarship (If available)
• Approved course structure
• Proof of admission
• Fee schedule
• Photographs
• Previous year’s income certificate
• Previous two year’s income tax return
• Previous six months’ bank statement
• Proof of residence (Passport, ID, driving license, Voter ID)
• Tax receipt

Frequently Asked Questions
Q: What is Student Credit Card Scheme ?
A: Bihar govt. had decided to set up an Education Finance Corporation for loan disbursement to students under BSCC Scheme.

Q: Who may get the scheme benefits ?
A: Students of Bihar State can get the scheme benefits.

Q: What are the benefits under BSCC scheme ?
A: Bihar State Students will get Educational Loans up to Rs. 4 Lacks

Q: Who may apply for BSCC scheme ?
A: 1. Students should be residents of Bihar.
2. Students should be passed the 12th class from the state of Bihar.
3. It is mandatory that the students have taken enrollment in an educational institution recognized by the concerned regulatory agency of Bihar and other state or central government.
4. This loan can be given for general higher education courses and various professional/technical courses like- BA / B.Sc / Engineering / MBBS / Management / Law etc.
5. The applicant's age should not be more than 25 years on the date of applying for the loan to be benefited under this scheme.
6. If the applicant has a degree of one level, then the same level of degree will not be covered under this scheme. This provision will not apply to technical or managerial courses.
7. In case of dropout by the beneficiaries for whatever reason, the balance amount of the loan from the time of dropout will not be made available to the institution or the student.

Q: How to apply for the scheme ?
A: 1. Applicants may register their self.
2. After authentication through OTP, Applicants may fill the application form.
3. And Submit.

Q: What is the URL to apply online ?
A: Click on the following link.
URL : https://www.7nishchay-yuvaupmission.bihar.gov.in/addFtrUserPage

Q: What documents are required while submitting the online application ?
A: No documents are to be attached online.

Q: What is the minimum education qualification required ?
A: Students should be passed the 12th class from the state of Bihar.

Q: Can other state students also apply for this scheme?
A: No, Students should be residents of Bihar.

Q: What is the maximum age to avail the scheme benefits ?
A: The applicant's age should not be more than 25 years on the date of applying for the loan to be benefited under this scheme.