Student Credit Card Scheme - Bihar

Student Credit Card is a scheme launched by the Government of Bihar under the “Mukhyamantri Nishchay Yojana” to provide financial assistance to students for their higher education. It aims to empower students by offering financial aid up to ₹4 lakhs through a credit card that can be used for tuition fees, books, study materials, and other educational expenses.

Who Can Apply?

• Permanent residents of Bihar.
• Students who have passed Class 12th (Intermediate) or equivalent.
• Students who are pursuing or have taken admission in higher education courses (such as graduation, polytechnic, engineering, medical, management etc.) in recognized institutions.
• Age limit: The applicant must be under 25 years of age at the time of application.

Benefits of the Scheme

• Education loan up to ₹4,00,000 at very low interest (Simple interest of 1%).
• No collateral or guarantor required.
• Repayment starts after course completion and a 1-year grace period.
• Covers tuition fees, books, laptop, hostel, and other educational expenses.
• Supportive handholding by the Bihar government for documentation and processing.

How to Apply?

1. Visit the official website of the Bihar Student Credit Card Scheme: Bihar Student Credit Card Scheme.
2. New Applicant Registration.
3. Fill in the required details and upload documents like Aadhaar card, 12th mark sheet, admission letter, etc.
4. Submit the form and wait for verification and further instructions.