Bihar Student Credit Card

Bihar Student Credit Card Scheme

The Bihar government is making attention for its “Bihar Student Credit Card ” scheme clever plan to encourage more students to enrol in graduate-level or equivalent courses around the state. In order to accomplish this, the Nitish Kumar-led administration has developed a new plan Mukhyamantri Nishchay Swayam Sahayata Bhatta Yojana (MNSSBY) scheme that will help students in receiving the crucial education.

What is Bihar Student Credit card?

A lending program called the Bihar Student Credit Card Yojana was launched in 2 October 2016 with the primary objective of assisting students in paying their college fees. Students who have completed their 12th grade can apply for an interest-free loan of up to Rs. 4 lakh. Loans are an option for students who want to pay for studies like engineering education, medical education, business education and many more courses like, MBBS, BDS,  BAMS, BUMS, BHMS, B.Tech, Diploma, BBA,  BCA,  MBA,  MCA,  PGDM, M.Tech, BPT,  Nursing,  Pharmacy, B.P.ED, Fashion Designing, LLB, Architecture, Agriculture, Paramedical & many more courses.

Goals and Objectives of This Scheme

The primary goal of this scheme is to increase the state’s Gross Enrollment Ratio. Last time, the Gross Enrollment Ration (GER) was 14.3%, while the National GER was 24%. As a result, this scheme was launched in order to increase the state’s GER by 30% and make Bihar one of the most developed states. The government will provide financial assistance to deserving students who want to further their education but are unable to do so due to financial constraints. It will also aid in the employment of young people.

Eligibility Criteria for Bihar Student Credit Card

• Residence: Applicants must be residents of Bihar.
• Age: Bihar student credit card age limit should be 25 years of age or older.
• Education: Applicants must have completed and passed the 12th grade.
• Higher Education: Applicants must have enrolled or been accepted into a recognised educational institution for further studies.

Required Documents for Apply to This Scheme

• Identity Proof: Applicants must provide copies of their Aadhar and PAN cards.
• Income Certificate or Form 16: Applicants should submit proof of family income, such as an income certificate or Form 16.
• Academic Records: Applicants must provide their 10th and 12th class mark sheets.
• Residence Certificate: Applicants must submit a certificate verifying their place of residence.
• Proof of Admission: Applicants must provide documentation demonstrating their admission to the higher education course for Bihar student credit card eligibility.

Advantages and features of This Scheme

• You can get maximum loan amount of Rs.4 lakh under this BSCC scheme.
• You can get financial assistance if you need it to pay for fees, laptops, or books.
• For technical, polytechnic, and general education courses, you may apply for a loan.
• You can get financial assistance if you need it to pay for fees, laptops, or books.
• Only when you have finished the course and found a job will you be required to begin making payments on the loan.
• Through the Bihar Student Education Finance Corporation, the Bihar Student Credit Card charges 4% simple interest (1% simple interest for women, people with disabilities, and transgender people).
• Since the loan is owned by the government, the recovery procedures are not particularly severe. The government may in some circumstances abrogate the balance.

Bihar Student Credit Card Courses List

It is known that students in the state have received loans for studies in 42 courses so far. If these 87 new courses are approved under Bihar student Credit Card, there will be a total of 129 courses available for study. There are many more courses, where you can apply student credit card. Some of the top courses are BTech, BCA, MBA, MCA, BAMS, BHMS, BSc Nursing, Pharmacy, Agriculture, BA, MA MTech, etc.

COURSES LIST

Bihar Student Credit Card Colleges List

The colleges covered by the Student Credit Card of Bihar are available throughout India and in every state. As a result, Bihar students from all over India can benefit from this facility. Which is a very good thing from the viewpoint of education; it has created a new revolution in the field of education, students who were unable to pay college fees or pursue further studies due to financial constraints. The list of colleges under this BSCC scheme is very long.

COLLEGE LIST

Steps to Apply for the Bihar Student Credit Card Online

• Go to the official website of the Bihar Student Credit Card portal - MNSSBY.
• Look for the "New Applicant Registration" option and click on it.
• Fill in the required details, including your first name, email ID, Aadhar number, mobile number, etc.
• To confirm your details and complete the registration, click the "Send OTP" option. Enter the OTP received on your email ID and mobile number, and click "Submit."
• After successfully submitting the above details, you will receive your login credentials via email or SMS.
• Return to the homepage and enter your username, password, and captcha code in the provided fields. Click on "Login" to proceed.
• You will be prompted to change and update your password as part of the security process. Once done, log in again using the new password.
• Upon successful login, you will be directed to a new page where you need to enter and submit your details for the credit card scheme in Bihar.
• Select the "Bihar Student Credit Card" option from the "Select Scheme" menu on the dashboard, as indicated.
• Provide the necessary financial and general details as prompted, then click "Submit."
• After applying, you will receive an acknowledgment via email to confirm the successful submission.

FAQs

Q1.  How much credit can I avail through the Bihar Student Credit Card?

Eligible applicants under the MNSSBY Bihar Student Credit Card Yojana can secure up to Rs 4 Lakhs, the maximum loan amount available. The Bihar student credit card interest rate starts at a competitive interest rate of 4%, ensuring students' affordability and ease of repayment. By providing access to such a substantial loan with a favourable interest rate, the MNSSBY Bihar Student Credit Card Yojana aims to support and empower students in pursuing their educational aspirations without undue financial burden

Q2.  Is there an upper age limit for applying for the Bihar Student Credit Card?

To be eligible for the Bihar Student Credit Card, you need to meet the eligibility criteria. You need to be a resident of Bihar, your age should be of 25 years or above, having completed the 12th grade, and you be enrolled or selected for a higher education program at a recognised educational institution.

Q3.  Can students from any stream or discipline apply for the Bihar Student Credit Card?

Certain criteria need to be fulfilled to be deemed eligible for the Bihar Student Credit. These requirements encompass being a resident of Bihar, attaining the age 25 years or above, completing and passing the 12th grade, and enrolling or being selected for a higher education program at an officially recognised educational institution.

Q4.  Is the Bihar Student Credit Card interest-free?

The Bihar Student Credit Card provides students with a remarkably beneficial service by charging an incredibly lenient interest rate of only 4%. This extremely low-interest rate signifies that pupils can pursue their educational dreams with minimal economic responsibilities weighing them down.

Q5.  How can I check my Bihar student credit card status?

If you have any inquiries or concerns regarding the Bihar student credit card status, there are two convenient ways to seek assistance. You can contact the helpline at 1800 3456 444, where a dedicated team will be available to address your queries and provide guidance. Additionally, you can email spmubscc@bihar.gov.in, allowing you to communicate your questions or feedback in writing. Whether you call or email, the Bihar Student Credit Card Yojana ensures that your concerns are promptly addressed, providing you with the necessary support and information.

Q6.  When will you receive your student Credit Card?

Government personnel will review the supplied documents after they have all been successfully submitted. After obtaining the student’s documentation, the verification process can take up to 15 days. Consequently, you will receive your BSCC Card in about two weeks.