Bihar Student Credit Card - Your 10 Step Guide

Introduction

The Bihar Student Credit Card is an initiative by the Government of Bihar to provide financial assistance to students residing or domiciled in the state of Bihar. It is a state-funded scheme that aims to help financially deprived students to pursue their higher education via a loan provided through a credit card . This financial assistance through a credit card loan is available subject to fulfillment of certain terms and conditions

Launched in 2016, Bihar Student Credit Card scheme is a part of the Mukhyamantri Nishchay Swayam Sahayata Bhata Yojana (MNSSBY). 

My Blog post on Bihar Student Credit Card is a 10 Step guide that intends to highlight the key features of this scheme including Eligibilyty

Table of Contents

Bihar Student Credit Card - Features And Benefits

The Bihar Student Credit Card Yojana scheme offers significant benefits for students aiming for higher education but facing financial constraints, as it provides them with the necessary financial support to pursue their academic goals.

The following infographic illustrates Major Features and Benefits of this scheme :

Bihar Student Credit Card - Features and Benefits

Bihar Student Credit Card Eligibility and Documentation

The following infographic illustrates Eligibility and Documentation for this scheme :

BIHAR STUDENT CREDIT CARD ELIGIBILITY CRITERIA
BIHAR STUDENT CREDIT CARD DOCUMENTATION

Bihar Student Credit Card College List

The Bihar Student Credit Card Scheme covers numerous colleges and institutions across Bihar. The scheme is designed to support students pursuing higher education in various fields across both public and private institutions. Here is a list of Top 10 reputed Public and Private colleges and institutions across Bihar that are covered under the Bihar Student Credit Card Scheme:

Public Institutions:
  1. Bihar Agricultural University, Sabour
  2. Patna University, Patna
  3. Magadh University, Bodh Gaya
  4. Babasaheb Bhimrao Ambedkar Bihar University, Muzaffarpur
  5. Tilka Manjhi Bhagalpur University, Bhagalpur
  6. Lalit Narayan Mithila University, Darbhanga
  7. Veer Kunwar Singh University, Arrah
  8. Bhupendra Narayan Mandal University, Madhepura
  9. Munger University, Munger
  10. Purnea University, Purnea
Private Institutions:
  1. Amity University, Patna
  2. Chandragupt Institute of Management, Patna
  3. Birla Institute of Technology, Patna
  4. National Institute of Technology Patna
  5. R.P. Sharma Institute of Technology, Patna
  6. Netaji Subhas Institute of Technology, Patna
  7. Buddha Institute of Technology, Gaya
  8. IIT Patna
  9. Nalanda Open University, Patna
  10. Vidya Vihar Institute of Technology, Purnea

This list is not exhaustive and does not include all eligible institutions. Students are advised to check with the respective colleges or the official Bihar Student Credit Card Scheme portal at https://www.7nishchay-yuvaupmission.bihar.gov.in/listofcollegedetail for the most updated and comprehensive information on the list of covered colleges and institutions.

Bihar Student Credit Card Course List

The Bihar Student Credit Card Scheme typically covers a wide range of courses across various fields and disciplines in both undergraduate and postgraduate levels. Here’s an list of courses that are eligible for support under the Bihar Student Credit Card Scheme:

Undergraduate Courses:
  1. Engineering (B.Tech, B.E.)
  2. Medicine (MBBS, BDS)
  3. Bachelor of Science (B.Sc)
  4. Bachelor of Arts (B.A)
  5. Bachelor of Commerce (B.Com)
  6. Bachelor of Business Administration (BBA)
  7. Bachelor of Computer Applications (BCA)
  8. Bachelor of Education (B.Ed)
  9. Bachelor of Law (LLB)
  10. Bachelor of Pharmacy (B.Pharm)
  11. Bachelor of Fine Arts (BFA)
  12. Bachelor of Journalism and Mass Communication (BJMC)
  13. Bachelor of Hotel Management (BHM)
  14. Bachelor of Social Work (BSW)
Postgraduate Courses:
  1. Master of Technology (M.Tech)
  2. Master of Business Administration (MBA)
  3. Master of Science (M.Sc)
  4. Master of Arts (M.A)
  5. Master of Commerce (M.Com)
  6. Master of Computer Applications (MCA)
  7. Master of Education (M.Ed)
  8. Master of Law (LLM)
  9. Master of Pharmacy (M.Pharm)
  10. Master of Fine Arts (MFA)
  11. Master of Journalism and Mass Communication (MJMC)
  12. Master of Social Work (MSW)
Vocational Courses:
  1. Diploma in Engineering
  2. Diploma in Medical Laboratory Technology
  3. Diploma in Pharmacy
  4. Diploma in Computer Applications
  5. Diploma in Hotel Management
  6. Diploma in Journalism and Mass Communication

This list is indicative and may not encompass all the eligible courses covered by the Bihar Student Credit Card Scheme. The scheme aims to support a broad spectrum of educational pursuits, and the coverage is always updated.

Note : Students are advised to refer to the official Bihar Student Credit Card Scheme portal at https://www.7nishchay-yuvaupmission.bihar.gov.in/resources/Course%20List_dept.pdf for relevant government authorities for the most accurate and updated information regarding eligible courses.

Bihar Student Credit Card- Login

Students can apply online for Bihar Student Credit Card by logging at https://www.7nishchay-yuvaupmission.bihar.gov.in/

The following infographic illustrates the login process :

BIHAR STUDENT CREDIT CARD-LOGIN PROCESS

Note : Students can also log on to the portals  

https://www.bsefcl.bihar.gov.in to view details of all data entered for loan application and https://www.7nishchay-yuvaupmission.bihar.gov.in/resources/Process_Flow_for_BSCC.pdf  for Process Flow sheet.

Bihar Student Credit Card Status Kaise Check Kare ?

Applicants can view the status of his/her Bihar Student Credit Card loan application from the “Applicant Support Portal” at https://www.bsefcl.bihar.gov.in/#/loginpage by entering their unique Login ID and Password. Applicants are also advised to use the same login ID and Password used for MNSSBY portal.

Bihar Student Credit Card Loan Maaf / Loan Waiver

The Government of Bihar provides major relief to the beneficiaries of the state government’s student credit card scheme (SCCS) by waiving education loans or long repayment tenures subject to fulfillment of following conditions :

  • If the student does not get a job after completing the professional course, then in this situation the student loan will be waived.
  • The loan amount waived will be credited directly to the linked bank account relating to Student Credit Card (SCC) Scheme.

Bihar Student Credit Card Helpline Number

Note : For any Technical support or tracking of loan applications, Students can also dial Toll – Free Bihar Student Credit Card helpline number at 1800-3456-444 

Conclusion

The Bihar Student Credit Card Scheme stands as a beacon of hope for the aspiring youth, offering them a pathway to education and empowerment. Through this initiative, Bihar has made a significant stride in fostering a generation brimming with potential. 

In conclusion, it is evident that this scheme not only provides financial assistance but also instills a sense of ambition, driving students toward their dreams and contributing to the state’s socio-economic development. With continued support and enhancement, this scheme promises to be a transformative force, unlocking opportunities and shaping a brighter future for Bihar’s youth.

FAQs

What expenses does the credit card cover?

The credit card covers expenses like tuition fees, examination fees, hostel fees, cost of books, laptops, and other essentials required for the course.

The interest rate for the Bihar Student Credit Card Scheme loan is 4% . However, female applicants, Persons with Disabilities and transgender candidates are eligible to receive the education loan at a simple interest rate of 1%. The interest is calculated on a simple interest basis.

Yes, you can apply offline for the Bihar Student Credit Card scheme. Students can download the offline application form from the official website of the Bihar Student Credit Card scheme. After filling out the form, you can submit it to the nearest bank that is linked with the Bihar Student Credit Card scheme. Please note that no documents are to be attached online 

No, there is no income limit set for availing the Student Credit Card. It is available to all eligible students, irrespective of their family income.

The repayment period typically starts after the completion of the course. Students are provided with a grace period of 1 year or 6 months after getting a job, whichever is earlier. If the student gets employment then they will have to repay the loan amount in 84 easy installments.

Yes, there is an interest subsidy. The Bihar government pays the interest for the loan until the student completes the course. After that, the student needs to repay the loan with subsidized interest rates.

Note : These FAQs might evolve over time, so it’s always good to refer to the most recent information and guidelines provided by the Bihar government regarding the Student Credit Card Scheme.

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