Bihar Student Credit Card Scheme: Eligibility, Interest Rate, Application Form and Required Documents

Bihar Student Credit Card (BSCC) Scheme is a Bihar State government scheme launched by the government in the year 2016 under the "Mukhyamantri Nishchay Swayam Sahayata Bhatta Yojana". This initiative provides financial assistance to students who wish to continue their higher education despite facing financial challenges.

What is Bihar Student Credit Card Scheme?

The Bihar Student Credit Card Scheme is designed to provide loans to students who wish to pursue higher education in various fields. The scheme mainly targets students from low-income families, allowing them to borrow money at low-interest rates in Bihar. This financial assistance can be used for tuition fees, purchasing books, and other educational expenses.

Key Features of Bihar Student Credit Card Scheme

I) Loan Amount – Up to ₹4 Lakh for higher education

II) Interest Rate – 0% for girls, transgender students, and differently-abled students; 4% for boys

III) Courses Covered – Diploma, Graduation,  Medical, Engineering, Management, and other professional courses

IV) No Collateral Required – The loan is guaranteed by the Bihar government

V) Repayment Period – Starts after one year of course completion or after getting a job

Eligibility Criteria for BSSC Scheme

II) Domicile – Must be a resident of Bihar State

II) Age Limit – 18 to 25 years (can be extended in special cases)

III) Academic Qualification – Must have passed 12th grade (from BSEB, CBSE, or any recognized board)

IV) Admission Requirement – Must have secured admission in a recognized and authorised university/institute in India

V) Courses Covered – General, technical, and professional courses such as BTech, MBBS, BBA, BCA, MBA, MCA, etc.