Bihar Student Credit Card Scheme (BSCC): Eligibility, Benefits, Loan Amount, Documents & How to Apply

The Bihar Student Credit Card Scheme (BSCC) is a flagship program under the Department of Education, Government of Bihar, which was started for the students to gain access to higher studies without facing any financial problems. Under the scheme, eligible students will have access to an educational loan of 4 lakh rupees at cheaper interest rate for their tuition fees, cost of books, laptops, and other expenditures incurred for getting education.

The scheme is part of Mukhyamantri Nishchay Swayam Sahayata Bhatta Evam Kushal Yuva Program (7 Nischay Yuva Mission) and aims to enhance accessibility to higher education for students across Bihar.

What is the Bihar Student Credit Card Scheme?

The Bihar Student Credit Card Scheme offers a loan to students who have passed the Class 12 exams and wish to pursue higher studies but do not have adequate funds to do so.

The loan covers all kinds of professional, technical, polytechnic, and degree courses which are recognized by approved institutions. The repayment starts only after the completion of the course and securing of a job, thus relieving the students of financial pressure during their studies.

The Bihar Student Credit Card Scheme at a Glance

• Name of the Scheme: Bihar Student Credit Card Scheme (BSCC)
• Initiated by: The Department of Education, Government of Bihar
• Maximum Loan: Upto ₹4 Lakhs
• Target: Farmer Students Those who are in higher studies
• Interest Rate: Low for girls, disadvantaged, and transgender students at 1 percent.
• Method of Application: Online.
• Website of the Scheme: https://www.7nishchay-yuvaupmission.bihar.gov.in

Benefits of Bihar Student Credit Card Scheme

The program provides different advantages to those students who satisfy the basic criteria for higher studies.

• Education loans of up to ₹4 lakh.
• Applicable for traditional, technical, vocational, and polytechnic programs.
• The loan covers tuition fees, exam fees, purchase of books, laptop, instruments, etc.
• Repayment of the loan starts after completion of the study program and the person is employed.
• Women, disabled persons, and transgender persons can get loans at low interest of just one percent.
• The terms of loan repayment and recovery are made easy by the government-backed scheme.

Eligibility Conditions

Applicants must fulfill these eligibility requirements for the Bihar Student Credit Card Scheme:

• They need to be a resident of the state of Bihar.
• Age should not be more than 25 years according to the guidelines.
• Completion of the Class 12 examination or its equivalent is needed.
• Acceptance or admission in the approved educational institution should be done.
• Completion of the course should be done.

Courses Covered Under the Scheme

Students can get loans for all types of higher education programs. Below are some of the programs on which loans can be availed.

• B.A.
• B.Sc.
• B.Com.
• B.Tech.
• MBBS
• Polytechnic courses
• Engineering programs
• Technical education
• Professional degree programs
• Other higher education programs approved

How to Fill Bihar Student Credit Card Scheme Form

Students have to perform the listed steps in order to apply for the Bihar Student Credit Card Scheme online.

Step 1: Apply Online

To access the official portal of 7 Nischay Yuva Mission you need to click on the “New Applicant Registration” option.

Step 2: Fill in Required Information

The next step is completing the online registration by submitting the following information,

• Name
• Aadhaar ID Number
• Contact Number
• Email ID

Once done, verify the OTP and then submit the application.

Step 3: Login

Now that the registration is successful, login using the Username and Password shared via SMS and email.

Step 4: Complete Personal Information Information

Now fill the information requested in the Personal Information section of the form.

Step 5: Apply for BSCC

The next step is selecting the Bihar Student Credit Card scheme option to complete the online application form.

Step 6: DRCC Visit

Once your application is submitted the District Registration and Counselling Centre (DRCC) will fix an appointment with you. You will have to visit the DRCC carrying your self-attested documents.

Step 7: Acceptance of the Loan

After verifying all the relevant documents and getting approval of the loan, the applicant will get an SMS and an email regarding the loan.

Step 8: Fulfill Bank Requirements

Get the Student Credit Card and the sanction letter from the DRCC, go to the bank specified in the loan application, do the paperwork and get the loan.

Documents Required

The following documents must be made available to the applicants,

• Completed application form
• Aadhaar card
• PAN card
• Full mark sheet and certificate of class 10
• Full mark sheet and certificate of class 12
• Letter of admission
• Fee structure of the college
• Approved course curriculum
• Passport sized photographs
• Income certificate
• Income tax returns (if applicable)
• Bank statements for past six months
• Proof of residence (passport, driving license, voter card, etc.)
• Scholarship documents (if applicable)
• Recent tax receipt

Loan Payback

The Bihar Student Credit Card Scheme has one of the greatest benefits in the form of the flexible loan repayment plan it offers to students.

Loan payback usually starts when the courses are finished and the borrower is working, so there is no financial pressure during studying years.

Features of Bihar Student Credit Card Scheme

• The loan system is government-supported.
• It gives financial aid to students for their higher studies.
• Low interest rates are offered by this scheme.
• 1% discount on the interest rate is provided to some selected borrowers.
• All costs of studying are covered by the scheme apart from tuition costs.
• It can be easily applied for online.
• Repayment of the loan is highly flexible.