Bihar Student Credit Card Scheme
The Bihar State Government has introduced the Bihar Student Credit Card Scheme 2024, which provides education loans to 12th-pass students. The scheme details and application form are on the website www.7nishchay-yuvaupmission.bihar.gov.in. The loans, amounting to a maximum of Rs 4 lakh, are available for higher education in general courses like B.Tech, MBA, and B.A/B.Sc, as well as professional and technical courses.
This scheme aims to assist students pursuing higher education in Bihar. Whether you are interested in technical, polytechnic, or general studies, this scheme will benefit you. If you wish to continue your higher studies, you can use the Bihar Student Credit Card Scheme 2024.
Bihar Student Credit Card Scheme Features:
(i) For students who have completed their intermediate or 12th-grade education from Bihar Government-run educational institutions.
(ii) Provision of loans up to Rs 4 Lakh, which can be utilised for pursuing technical, polytechnic, or general courses. The loan amount can also be used to purchase study materials such as books, stationery, and laptops and pay fees.
(iii) Low-interest rate of 4% applicable to the loan. However, for females, transgender individuals, and people with disabilities, the interest rate is even lower at 1%.
(iv) Repayment flexibility, as students must repay the borrowed amount after completing their course and securing employment. For example, if you opt for a three-year BSC course, you are not obligated to repay the loan during the duration of the course.
These features collectively make the Bihar credit card Scheme an attractive and inclusive opportunity for students to pursue higher education without excessive financial burden.
Benefits of the BSCC Scheme
The eligible students will get the following benefits under the BSCC scheme:
- A maximum loan amount of Rs.4 lakh.
- Avail loan for polytechnic, technical and general courses.
- Monetary assistance to buy books and laptops or pay the fees.
- Repayment of the loan starts once the course has been completed and students 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. In certain cases, the government may also waive the balance.