The MNSSBY Bihar Student Credit Card helps students pay their educational fees without any hassles.
The Bihar Student Credit Card Yojana, initiated in 2016, is a loan program designed to assist students in covering their college fees. Eligible students who have finished 12th standard can access a loan of up to Rs.4 lakh at competitive interest rates. Students have the option to secure a loan for various courses like B.Tech, M.B.B.S., B.Sc., and B.A.
To qualify for a Bihar student credit card, you must meet the following criteria:
- Must be a permanent resident of Bihar.
- Proof of residency (Aadhar card, voter ID, etc.) required.
- Must have passed the 12th grade (or equivalent) from a recognized board.
- Applicant should not be older than 25 years at the time of application.
- Must have secured admission in a higher education institution recognized by AICTE, UGC, or other relevant regulatory bodies.
Below is the list of documents required to apply for the Bihar Student Credit Card:
- Duly filled common application form
- PAN card of the co-applicant and the applicant
- Copies of letters granting scholarship
- Approved course structure
- Fee schedule
- Income certificate from previous year/Form 16
- Bank statement for last six months
- Tax receipt
- Aadhaar card of the co-applicant and the applicant
- 10th and 12th standard marks cards of the applicant
- Admission proof
- Photographs of the student/parents/guarantor - 2
- Income tax returns for last two years
- Address proof
Here are some of the best perks and characteristics of the Bihar Student Credit Card Scheme:
- The maximum loan amount available for availing is Rs.4 lakh.
- You have the option to utilize the loan for technical, polytechnic, and general courses.
- If you need to purchase laptops, books, or pay for fees, financial aid is available.
- Repayment of the loan will commence once you have successfully completed the course and secured employment.
In specific cases involving divyang, transgender, and girl students, the interest rate might be as minimal as 1%.
- The loan recovery processes are relatively lenient due to the government ownership of the loan. In specific instances, the government may choose to forgive the outstanding balance.
How to Apply for a Bihar Student Credit Card: Step-by-Step Guide
Step 1: Go to the official MNSSBY website: [MNSSBY Bihar](https://www.7nishchay-yuvaupmission.bihar.gov.in/).
Step 2: On the main page, find and click on the 'New Applicant Registration' option.
Step 3: Enter your first name, middle name, last name, email ID, Aadhaar number, and mobile number.
Step 4: Click on 'Send OTP'.
Step 5: Enter the OTP received on your email ID and mobile number.
Step 6: After submitting the OTP, your registration will be complete.
Step 7: You will receive the login details via email and SMS.
Step 8: Return to the official MNSSBY website enter the username, password, and captcha details and click on 'Login'.
Step 9: Change your password as prompted. Log in again with the new password.
Step 10: On the next page, enter your personal details.
Step 11: Under the 'Select Scheme' menu, choose the 'Bihar Student Credit Card' option.
Step 13: Enter the personal details of the applicant and co-applicant.
Step 14: Fill in the required financial and general details.
Step 15: You will receive an acknowledgement via email.
By following these steps, you can successfully apply for the Bihar Student Credit Card under the MNSSBY scheme, ensuring you have all the necessary financial support for your higher education.
Covers technical, professional, and general courses, including:
- Engineering
- Medical
- Management
- Law
- Other technical and vocational courses
Eligible courses for the Bihar Student Credit Card Scheme. Click here
Students enrolled at specific colleges are eligible to apply for the MNSSBY Bihar student credit card, which offers access to credit at a 0% interest rate. Those who qualify can receive financing of up to Rs.4 lakh at a 0% interest rate for diploma and degree courses. Repayment is required after completing the course, and applicants must have successfully completed 12th class to be eligible for this credit.
Approved colleges for the Bihar Student Credit Card scheme. Click here
Bihar Student Credit Card Customer Care
If you have any queries regarding the Bihar Student Credit Card Scheme, you can contact the authorities for their resolution.
- Helpline Number – 1800 3456 444
- Customer Care Email id - spmubscc@bihar.gov.in.
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Frequently Asked Questions
How can I use the Bihar Student Credit Card?
You can use the funds available under the Bihar Student Credit Card Scheme to pay your higher education fees. Moreover, you can also use the loan amount to purchase uniforms, books, and stationaries, pay for a hostel or other accommodation while studying, etc.
What is a Bihar Student Credit Card?
Bihar Student Credit Card is offered by the Bihar Government for resident higher education students. The applicants can use the credit limit of ₹4 Lakhs on this card to fund their educational expenses, including fees, stationary, and accommodation.
How can I get a Bihar Student Credit Card?
As a new user, you can apply for a Bihar Student Credit Card Scheme by registering yourself to get the login credentials. Once you receive the login credentials on your registered contact, you can apply for a Bihar Student Credit Card.
How can I check the status of my student credit card in Bihar?
You can check your Bihar Student Credit Card status online by logging into your account on the MNSSBY portal. Just enter the application number mentioned on the acknowledgement slip received after the completion of the application process.
Who can apply for a Bihar Student Credit Card?
You need to be a resident of Bihar and should have successfully cleared the 12th grade. Moreover, you need to be enrolled in any one of the courses mentioned in Annexure 3 as well as you must not be over 25 years old if you are pursuing a Bachelor’s course.
How much loan can I get under the MNSSBY Bihar Student Credit Card Yojana?
You can get a maximum amount of ₹4 Lakhs as a loan under the MNSSBY Bihar Student Credit Card Yojana.
Are there income-proof documents I need to submit while opting for Bihar Student Credit Card?
No, you are not required to submit any income-related document proof to avail of the benefits of the Bihar Student Credit Card Scheme.
What are the age criteria for Bihar Student Credit Card?
To get a Bihar Student Credit Card, you need to not be more than 25 years old if you are enrolled in a Bachelor’s program. On the other hand, the maximum age is 30 years if you are pursuing a Master’s course that requires an undergraduate degree as a basic eligibility requirement.
Can I use my Bihar Student Credit Card to buy a laptop?
Yes. When you apply for a Bihar Student Credit Card, you’re eligible for a loan amount of up to ₹4 Lakhs. As a student, you can use this BSCC loan to buy a laptop to facilitate your education.
In general, the credit line offered through the MNSSBY’s student credit card scheme can be used to purchase books, pay fees, or meet any other course requirement.
What is the interest rate charged on Bihar Student Credit Card?
A simple interest rate of 4% is levied when you repay the loans against your student credit card. However, girls, transgender people, and students with disabilities need to pay only a preferential interest rate of 1%.
Is there any moratorium period for repaying the loans on a Bihar Student Credit Card?
Yes, the moratorium period on Bihar Student Credit Card loans extends up to one year after the completion of your course or 6 months after the commencement of your job.
Can I apply for any other government-issued credit card for lower interest rates?
Apart from Bihar, the West Bengal Government also offers Student Credit Cards with a credit line extending up to ₹10 Lakhs at a 4% interest rate.
The Central Government, through various public sector banks, also provides Kisan Credit Cards that offer crop loans to farmers at rates ranging between 2-4%.
How much can I borrow through the Bihar Student Credit Card?
The Bihar Student Credit Card Scheme (BSCC Yojana) provides financial assistance of up to ₹4 Lakhs at minimal interest rates.
What can I use the Bihar Student Credit Card for?
Students can use the funds provided under the Bihar Student Credit Card Scheme to finance their degrees in B.A., B.Sc., B. Tech., M.B.B.S. courses, etc.
Which is the official website I need to visit to apply for the MNSSBY Bihar Student Credit Card Yojana?
You can apply for the MNSSBY Bihar Student Credit Card Yojana by visiting the Bihar Student Credit Card’s official website: https://www.7nishchay-yuvaupmission.bihar.gov.in/.
