Bihar Student Credit Card Yojana -
Top 9 Steps to Apply
Introduction
The Bihar Student Credit Card Yojana was launched in the year 2016 to provide financial aid to students residing or domiciled in Bihar to pursue higher education at concessional interest rates. This Credit Card is available only to those students who fulfill certain terms and conditions of the Yojana.
My Blog Post highlights the Top 9 Steps required to apply for Bihar Student Credit Card Yojana. The Blog also dwells on the Salient features of this Credit Yard Yojana including eligibility, documents required , online application process, and repayment terms among others.
Table of Contents
Bihar Student Credit Card Yojana Salient Features
Bihar Student Credit Card Yojana Loan Repayment
The Loan Repayment terms of The Bihar Student Credit Card Yojana are:
- Students under the Credit card Yojana are Exempted from paying interest on their loan during a moratorium period of one year after completing the course or for 6 months after securing employment, whichever is earlier.
- If a student repays his loan before the stipulated due date, then no prepayment penalties or charges will be levied.
Bihar Student Credit Card Yojana Eligibility
Bihar Student Credit Card Yojana Application Documents
The following documents are required to apply for the Bihar Student Credit Card Yojana :
- Aadhaar cards of the applicant and co-applicant
- Two passport-size photographs of the applicant and co-applicant, such as parents/spouse/guardian
- Mark sheet and certificate of Class X and Class XII
- Certificates related to scholarship and free education (if applicable)
- Institute enrollment certificate in which the course and its duration are mentioned
- Course brochure for the institution located outside Bihar
- Photocopy of the applicant’s bank passbook, in which the name of the branch, account number, and IFSC code are mentioned
- Course fee details received from the institution
- Photocopy of a residential certificate or the first page of a bank passbook/electricity bill/telephone bill/ passport/driver’s license/voter ID card
- Address of Applicant should be clearly mentioned in all the certificates
- Bank statement of the last 6 months
- Income tax return certificate for the last two years
- Income certificate of the last year/Form 16
- Tax receipt
Bihar Student Credit Card Yojana Expenses Coverage
The following expenses are covered under the BSCC Yojana :
- The covers academic costs such as tuition fees, exam fees, etc
- It also covers non-academic costs such as hostel fees, food expenses, purchase of educational material, Purchase of electronic equipment such as Computers/Laptops, etc
Bihar Student Credit Card Yojana Login Process For Online Application
Students can apply online by logging on to the official site of this scheme. The URL of the portal is https://www.7nishchay-yuvaupmission.bihar.gov.in.
A student needs to follow the following steps to apply online:
- When the portal opens, locate and select the New Application Registration option.
- Fill the boxes with relevant information for registration .
- Click send OTP and it will send a one-time password to the registered mobile number or email ID
- Generate a unique ID and password and complete the registration process.
- Click Home Page.
- login to the website using the accurate credentials received via SMS/email.
- Set a new strong password and make a fresh login with your new password.
- Enter the details asked in the fields and click Submit.
- From the Select Scheme drop-down list, select Bihar Student Credit Card option
- Now enter personal information of self and the co-applicant
- Once all required details are provided, Click the Submit button.
- Acknowledgement will be received at the registered email address.
Students can also log on to the student portal https://www.bsefcl.bihar.gov.in to view details of all data entered for loan application.
For any Technical support or tracking of loan applications, students can contact the toll free Bihar student credit card helpline number at 1800-3456-444
Bihar Student Credit Card Yojana Course List
Students applying under the Bihar Student Credit Card Yojana can get loans against credit cards for studying 129 courses as of date. These courses include undergraduate and postgraduate streams in leather, fashion, and textile design. Four-year courses of Bachelor of Agriculture, Master of Agriculture, B.Ed., MBA in Agri-Business and BBM (four-year course), M.Sc. A. Mass Communication, MSc Statics, and Computing. Vocational Courses are also being covered in all subjects related to Medical Electrophysiology, Science Technology, ITI, and Skills under the scheme
Students can log on to the portal at https://www.7nishchay-yuvaupmission.bihar.gov.in to get a detailed list of approved courses under the credit card yojana.
Bihar Student Credit Card Yojana College List
Under the BSCC Yojana, several colleges within Bihar and outside the state offer financial assistance to eligible students pursuing higher education.
Students applying for the yojana can log on to the portal at https://www.7nishchay-yuvaupmission.bihar.gov.in/listofcollegedetail for a detailed description of colleges and educational institutions listed under the Yojana.
Conclusion
In Conclusion, The Bihar Student Credit Card Yojana is a commendable initiative by the Government of Bihar as it provides equal opportunities to students in Bihar who intend to pursue higher education but face financial constraints.
It provides loans at meagre rates making them accessible to economically disadvantaged students. By providing flexible repayment options, the yojana ensures that students repay their loans without undue burden.
The Yojana through its student-friendly policy encourages students to pursue higher education, allowing them to chase their dreams and build a brighter future.
FAQ
Where should students submit their documents for the BSCC Yojana?
Students can submit their documents through the online portal by logging on to https://www.7nishchay-yuvaupmission.bihar.gov.in/. No physical documents need to be attached during the application process
How much loan is available under the Bihar Student Credit Card Yojana?
The maximum loan available under the BSCC Yojana is Rs 4 Lakhs for students residing in Bihar.
What is the upper age limit for applying for the Bihar Student Credit Card?
The applicant’s age should not be more than 25 years when applying for the credit card yojana.
Is the Bihar Student Credit Card Yojana interest-free?
A loan availed under the BSCC Yojana is necessarily not interest-free. The interest rate on the loan will depend on the terms set by the bank. However, Interest rates range from 1% to 4% per annum.
How can I check my Bihar student credit card status?
For queries related to the Bihar Student Credit Card Yojana, you can call the Toll-free helpline number at 1800 3456 444.
Students can also log on to https://www.bsefcl.bihar.gov.in/#/loginpage to check their Loan application status by entering their User ID and password.