Apply for Bihar Student Credit Card Yojana - MNSSBY

Get information on Bihar Student Credit Card Scheme. Guide on Application Process, Benefits, Eligibility Criteria Documents Required & others.

MNSSBY Bihar Student Credit Card

The Bihar Student Credit Card Scheme (BSCC Yojana) provides financial assistance of up to ₹4 Lakhs at minimal interest rates. Students can use the funds provided under the Bihar Student Credit Card Scheme to finance their degrees in B.A., B.Sc., B. Tech., M.B.B.S. courses, etc. In 2021, Bihar’s Gross Enrolment Ratio (GER) was just 14.5%. This was much below the national average of 27.1%. By the end of this decade, the state government aims to enhance the GER to 30%. In order to achieve this target, the Bihar Government is making sincere efforts to bring more students to higher education and reduce dropout rates. Under the Sushasan program of 2015-20, the Bihar Student Credit Card Scheme (BSCC Yojana) was launched for students pursuing higher education.

How to Apply for a Bihar Student Credit Card

To apply for a Bihar Student Credit Card Scheme online, simply follow these steps:

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Step 1:

Visit the Genius Counseling Center portal and navigate to the ‘Bihar Student Credit Card’ option

Step 2:

Enter basic information in the form

Step 03

Click on the ‘Submit’ option

Features and Benefits of Bihar Student Credit Card

Here are some of the best perks and characteristics of the Bihar Student Credit Card Scheme:

  • The maximum loan you can avail of under this scheme is ₹4 Lakhs
  • The moratorium of the loan repayment will be available to students for a year after completing their course or 6 months after the commencement of their job
  • Simple interest of 4% will be applicable on the amount of the loan
  • For girls, transgender people, and students with disabilities, a preferential interest rate of 1% is applicable
  • Monetary assistance is available on these credit cards if you want to pay fees, buy books, purchase laptops, etc
  • The funds will be directly transferred to the educational institutions through the medium of RTGS/ NEFT transfer
  • In case a student lives outside the hostel provided by the educational institution, a fixed amount will be provided to the student based on Annexures 1 and 2
  • This loan facility is available for students pursuing technical, polytechnic, as well as general courses

Eligibility Criteria and Documents Required for a Bihar Student Credit Card

To qualify for a Bihar student credit card, you must meet the following criteria:

  • The applicant must be a resident of Bihar who has completed 12th standard from Bihar or any other bordering state
  • The applicant must be pursuing the degrees mentioned in Annexure 3 from any recognised institution by the central or state governments
  • The maximum age for the students studying in the Bachelor’s program must be 25 years to avail of this loan
  • For Master’s programs requiring Bachelor’s degree as basic eligibility, the maximum age allowed under the Bihar Student Credit Card Scheme is 30 years
  • If you meet all the requirements on this eligibility checklist, you can apply for the loan by submitting the following documents:
  • Aadhaar card and PAN card copies (yours and the co-applicant’s)
  • Passing certificate of 10th and 12th standards
  • Address proof documents (driver’s licence, voter’s ID, etc.)
  • Certificates of scholarships
  • A copy of your bank passbook with details like account number, bank branch address, and IFSC code
  • Nomination letter from your institution containing the duration of the course
  • Details of the fee structure received from the institution
  • 2 passport-size photos (yours and the co-applicant’s)