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Home › Govt. Schemes › Bihar Student Credit Card Scheme

Education Loan Bihar Youth State Govt

🎓

Bihar Student Credit Card Scheme

Education Department, Government of Bihar

Education loan up to ₹4 lakh at 4% interest (1% for girls/disabled) for Bihar students pursuing higher education

Oct 2016

Launch

12 Lakh+

Beneficiaries

₹1,400 Cr

Annual Outlay

Loan

Installments/yr

📢 Bihar Student Credit Card: Loans up to ₹4 lakh at 4% interest (1% for girls) for higher education.

⏱ Last updated: Jan 2024

📋

Overview & About

Education loan up to ₹4 lakh at 4% interest (1% for girls/disabled) for Bihar students pursuing higher education

Bihar Student Credit Card (BSCC) scheme was launched under the 7 Nischay - Yuva Upmission on 2 October 2016. It provides education loans of up to ₹4 lakh at a simple interest rate of 4% per annum (only 1% for girl students, differently-abled, and transgender students).

The scheme covers courses in over 42 types of institutions including IITs, NITs, medical colleges, law colleges, and polytechnics. Over 12 lakh students have benefited since inception.

🎓 Key Facts

Loan Amount Up to ₹4 lakh

Interest (Boys) 4% p.a.

Interest (Girls) 1% p.a.

Courses 42+ types

Application 7nischay portal

State Bihar

🎁

Benefits

Education loan up to ₹4 lakh
4% simple interest per annum for boys
1% simple interest for girl students and disabled
Covers tuition, hostel, books, laptop, and other expenses
Moratorium: Repayment starts 1 year after course completion or on getting job
No collateral required
42+ courses covered including IIT, NIT, medical, law

✅

Eligibility Criteria

Permanent resident of Bihar
Passed Class 12 (Intermediate) from Bihar Board or equivalent
Age: 25 years or below at the time of application
Enrolled in a recognised higher education institution
Family annual income: no upper limit — but income affects priority

📄

Required Documents

Aadhaar Card
Class 12 Marksheet & Certificate
Admission letter from college/university
Bihar domicile/residence certificate
Fee structure from institution
Bank Passbook
Passport photo (2 copies)

🚀

How to Apply

1

Visit 7nischay-yuvaupmission.bihar.gov.in

2

Click 'New Applicant Registration' and register with mobile number

3

Log in and fill the BSCC application form

4

Enter course details, institution name, and loan amount required

5

Upload documents (Aadhaar, marksheets, admission letter)

6

Submit — you get an SMS with District Registration Centre (DRCC) appointment date

7

Visit DRCC on appointment date with original documents

8

Bank disburses loan within 60 days of approval

↗ Apply on Official Website

❓

Frequently Asked Questions

Is IIT/NIT covered under BSCC? ▾

Yes, IIT, NIT, AIIMS, IIM, and other top institutions are covered under Bihar Student Credit Card.

When does repayment start? ▾

Repayment starts 1 year after course completion or 6 months after getting employment, whichever is earlier.

Is there any processing fee? ▾

No processing fee is charged. The loan is provided through designated banks at government-subsidised rates.

↗ Apply on Official Website

Ongoing

Jump to Section

Overview & About Benefits Eligibility Documents How to Apply FAQs

Quick Facts

Loan Amount Up to ₹4 lakh

Interest (Boys) 4% p.a.

Interest (Girls) 1% p.a.

Courses 42+ types

Application 7nischay portal

State Bihar

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Need Help?

For queries, visit the official ministry website or call the helpline.

📞 1800-3456-444

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