By The Bihar Government reportedly launched the Bihar Student Credit Card (BSCC) scheme. So, they can provide financial aid to students to complete their higher education. Under this scheme, students can further get loans of up to Rs.4 lakhs. Especially at minimal interest rates. Moreover, they can utilize the funding to finance. Especially BSc, BA, BTech, or MBBS courses. The children in Bihar, especially those who are interested in higher studies. However, they cannot pursue it because of family financial problems. Now, they can complete their higher education. By getting a loan at low-interest rates under the BSCC scheme.
Bihar Student Credit Card – Eligibility Criteria
- Here, they must be a resident of Bihar state.
- Moreover, they should be at least 25 years old.
- They must have passed the 12th standard.
- They must get admission to a course at an authorized institute.
- They must complete the entire course.
Bihar Student Credit Card – Benefits
Here, the eligible students will get the following benefits under the BSCC scheme:
- A maximum loan amount of Rs.4 lakh.
- Avail loans for polytechnic, technical, and general courses.
- Further, monetary assistance to buy books and laptops or pay the fees.
- Repayment of the loan starts. Once the course has been completed and students have secured a job.
- The interest rate of the loan is reportedly 1% for Divyang. Along with transgender and girl students.
- The recovery procedures are further flexible since the loan is government-owned.
Application Process for Bihar Student Credit Card Apply
- Visit the Official Portal https://www.7nishchay-yuvaupmission.bihar.gov.in/
- Then, go to the official Mukhyamantri Nishchay Swayam Sahayata Bhata Yojana (MNSSBY) portal.
- Register as a New User.
- Click on the “New Applicant Registration” link.
- Now, fill in the required details such as your name. Along with email ID, mobile number, and create a password.
- Submit the registration form to receive a registration ID and password. Especially on your registered email and mobile number.
- Log In to Your Account. Use your registration ID and password.
- Admission letter or offer letter from the college/university. Residential proof (e.g., Aadhaar card, voter ID).
- Income certificate of parents/guardians. Bank account details.
- PAN card or Aadhaar card of the applicant.
- Submit the Application
- Now, review the filled application form and uploaded documents.
- Click on the “Submit” button to complete the application process.
- Print the Application Form.
Post-Application Process
- Verification: The submitted application and documents will be verified by the authorities. Here, you may be contacted for further information or clarification if needed.
- Approval: Once verified, the loan approval process will begin. Further, you will be notified of the approval status.
- Disbursement: Upon approval, the loan amount will be further disbursed. Especially to the designated bank account.
- Contact and Support available on number – 1800 3456 444
Moreover, for any assistance or queries during the application process. Then, you can contact the helpdesk provided on the MNSSBY portal. Or visit the nearest District Registration and Counselling Centre (DRCC).
Important Documents Required for Bihar Student Credit Card Scheme
- Filled common application form
- Aadhar card
- Pan card
- 10th and 12th mark sheet and certificate
- Copies of the letter conferring scholarship (If available)
- Approved course structure
- Proof of admission
- Fee schedule
- Photographs
- Previous year’s income certificate
- Previous two year’s income tax return
- Previous six months’ bank statement
- Proof of residence (Passport, ID, driving license, Voter ID)
- Tax receipt
Conclusion
The Bihar Government reportedly launched the Bihar Student Credit Card (BSCC) scheme. So, they can provide financial aid to students to complete their higher education. Under this scheme, students can further get loans of up to Rs.4 lakhs. Especially at minimal interest rates. Moreover, they can utilize the funding to finance. Especially BSc, BA, BTech, or MBBS courses. The children in Bihar, especially those who are interested in higher studies. However, they cannot pursue it because of family financial problems. Now, they can complete their higher education. By getting a loan at low interest rates under the BSCC scheme.
Moreover, for any assistance or queries during the application process. Then, you can contact the helpdesk provided on the MNSSBY portal. Or visit the nearest District Registration and Counselling Centre (DRCC).