Bihar Student Credit Card Yojana 2023
The Bihar Student Credit Card Yojana is a scheme launched by the Government of Bihar in 2016 to provide financial assistance to students who wish to pursue higher education. Under this scheme, eligible students can avail of loans up to Rs. 4 lakh without any collateral or guarantee. The loan can be used to cover tuition fees, hostel fees, and other expenses related to education.
To be eligible for the Bihar Student Credit Card Yojana, a student must be a permanent resident of Bihar and have passed the 12th standard examination from a recognized board or university. The student
must have
secured admission in a
recognized institution for higher education.
The loan under this scheme is provided at a nominal interest rate of 1% per annum, which is considerably lower the interest ratesoffered by most financial institutions.
The loan repayment period is flexible, with students being given a maximum of 15 years to repay the loan.
The Bihar Student Credit Card Yojana has helped thousands of students in Bihar to pursue their higher education dreams without worrying about the financial burden. It has been lauded as a progressive step towards making education accessible to all, and has received recognition from various quarters.
Bihar Student Credit Card Scheme 2023Details
| Name of Scheme | Bihar Student Credit Card Scheme 2023 |
| Name of Department | Department of Education, Planning and Development Labor Manpower Department |
| Launched by | Chief Minister Nitish Kumar |
| Category | Sarkari Yojana |
| Beneficiaries | Student of Bihar State |
| BSCCS-Benefit | Providing Education loans at a 0% interest Rate |
| BSCCS- Objective | Grant of loans for higher education to students |
| Official Website URL | www.7nishchay-yuvaupmission.bihar.gov.in |
Bihar Student Credit Card Yojana-Eligibility Criteria
1.The applicant must be a permanent resident of Bihar.
2.The applicant must have completed 12th standard or an equivalent examination from a recognized board or university.
3.The applicant must have secured admission in a recognized institution for higher education in India or abroad.
4.The applicant must have a valid admission letter from the institution where he/she intends to pursue higher education.
5.The applicant’s family income should not exceed Rs. 8 lakhs per annum.
6.The applicant should not have any pending criminal cases or loan defaults.
Documents Required for Bihar Student Credit Card Yojana
1.Identity proof: Aadhaar Card, Voter ID, Driving License, or Passport.
2.Address proof: Aadhaar Card, Voter ID, Driving License, Passport, or Utility Bill.
3.Income certificate: This is required to verify that the applicant’s family income is below the specified threshold of Rs. 8 lakhs per annum. This can be obtained from the concerned authority in the applicant’s district.
4.Admission letter: A valid admission letter from the institution where the applicant intends to pursue higher education.
5.Mark sheets and certificates: Mark sheets and certificates of the qualifying examination
from a recognized board or university.
6.Bank account details: The applicant should provide details of his/her bank account, including account number and IFSC code.
7.Passport size photographs: Recent passport size photographs of the applicant.
8.Caste certificate (if applicable): This is required for applicants who wish to avail of the benefits of reservation.
Course List under Student Credit Card Scheme
1.Graduate courses: Bachelor’s degree programs in Arts, Science, Commerce, Engineering, Agriculture, and Law, among others.
2.Postgraduate courses: Master’s degree programs in Arts, Science, Commerce, Engineering, Agriculture, and Law, among others.
3.Professional courses: Courses in fields like Medicine, Dentistry, Pharmacy, Architecture, Veterinary Science, Physiotherapy, and Nursing, among others.
4.Technical courses: Courses in fields like Engineering, Information Technology, Computer Science, and Biotechnology, among others.
5.Management courses: Courses in fields like Business Administration, Management Studies, and Hospitality and Tourism Management, among others.
6.Vocational courses: Courses in fields like Fashion Designing, Interior Designing, Beauty and Wellness, and Photography, among others.
Steps to fill Bihar Student Credit Card Yojana 2023 Online Application Form
1: Visit the official website of Bihar Student Credit Card Yojana 2023, which is
https://www.7nishchay-yuvaupmission.bihar.gov.in/.
2: Click on the “Apply Online” button.
3: Fill in the basic details such name,date of birth, contact details, and educational qualifications.
4: Upload the required documents, including identity proof, address proof, income certificate, admission letter, mark sheets and certificates, bank account details, passport size photographs, and caste certificate (if applicable).
5: Review the application form and ensure that all the details and documents are accurate and complete.
6: Click on the “Submit” button to submit the application form.
7: the application is submittedthe applicant will receive a reference number or application number, which can be used to track the status of the application.
8: The bank or financial institution providing the loan will verify the details and documents submitted
by the applicant, and if the application is approved, the loan amount will be disbursed to the applicant’s bank account.
Bihar Student Credit Card Yojana 2022 FAQs
Q: What is the Bihar Student Credit Card Yojana?
A: The Bihar Student Credit Card Yojana is a scheme launched by the Government of Bihar to provide financial assistance in the form of education loans to eligible students who wish to pursue higher education in India or abroad.
Q: Who is eligible for the Bihar Student Credit Card Yojana?
A: The eligibility criteria for the Bihar Student Credit Card Yojana include being a permanent resident of Bihar, having completed 12th standard or an equivalent examination from a recognized board or university, securing admission in a recognized institution for higher education in India or abroad, having a family income below Rs. 8 lakhs per annum, and meeting certain age restrictions and other requirements for certain categories of students.
Q: What courses are eligible under the Bihar Student Credit Card Yojana?
A: The Bihar Student Credit Card Yojana covers a wide range of courses, including graduate courses, postgraduate courses, professional courses, technical courses, management courses, and vocational courses, among others.
Q: How much loan can be availed under the Bihar Student Credit Card Yojana?
A: Under the Bihar Student Credit Card Yojana, eligible students can avail of loans up to Rs. 4 lakhs without any collateral, and up to Rs. 7.5 lakhs with collateral, depending on the bank or financial institution providing the loan.
Q: What is the interest rate charged on loans under the Bihar Student Credit Card Yojana?
A: The interest rate charged on loans under the Bihar Student Credit Card Yojana may vary depending on the bank or financial institution providing the loan.
Q: How to apply for the Bihar Student Credit Card Yojana?
A: Interested applicants can apply for the Bihar Student Credit Card Yojana by filling out an online application form on the official website of the scheme, and submitting the required documents. The exact process may vary depending on the bank or financial institution providing the loan.
