Bihar Student Credit Card: 4 लाख रुपये तक की लिमिट और भी कई फायदे

Bihar Student Credit Card

The Bihar government is working hard to help students in the state get good education. They have started many new plans for this. One of the best plans is the Bihar Student Credit Card scheme. This plan makes sure that no student in Bihar has to stop studying just because they do not have enough money.

Many thousands of students have already got help from this plan to continue their higher studies. The main goal of this plan is simple – every student should be able to study what they want without worrying about money. The government gives loans to students at very low interest rates so they can complete their education without any financial stress.

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Bihar Student Credit Card Scheme

The Bihar Student Credit Card scheme is a special program started by the Bihar Education Department. Under this scheme, students can get up to 4 lakh rupees as a loan for their studies. This money can be used for many things related to education like college fees, buying books, laptops, and even hostel charges.

This scheme is only for students who live permanently in Bihar state. The best part is that students get this loan at very low interest rates. The repayment process is also made very easy for students. They only need to start paying back the money after they complete their studies and get a job.

The government gives this loan with a guarantee, which means students do not need to give any property or gold as security. This makes it much easier for poor families to help their children get higher education. Students can use this money for professional courses like engineering, medical, MBA, law, and many other courses.

Interest Rates for Bihar Student Credit Card

One of the most attractive features of the Bihar Student Credit Card is its very low interest rates. For general category students, the interest rate is only 4% per year. This is much lower than what banks usually charge for education loans.

For female students, disabled students, and transgender students, the interest rate is even lower at just 1% per year. This special rate helps students from weaker sections of society and encourages girls to pursue higher education. These low interest rates make the loan very affordable and reduce the financial burden on families.

The government has kept these rates low because they want to encourage more students to get higher education. When students know that they will not have to pay high interest, they feel more confident about taking loans for their studies.

Who Can Apply for Bihar Student Credit Card?

Not every student can apply for Bihar Student Credit Card. The government has set some rules about who can get this loan. Here are the main requirements that students must meet:

The student must be a permanent resident of Bihar state. They need to have proper documents to prove this. Students must have passed 12th standard from Bihar Board, CBSE, or any equivalent board. For polytechnic courses, students need to have passed 10th standard.

The student must have taken admission in a recognized institution. The course they want to study must be approved by bodies like AICTE, UGC, NAAC-A, NBA, or NIRF. The student must promise to complete the full course regularly without dropping out.

Only two students from the same family can get benefits from this scheme. This rule makes sure that more families can get help from this program. Students must be serious about their studies and should not have any previous loan defaults.

Benefits of Bihar Student Credit Card

The Bihar Student Credit Card scheme offers many benefits that make it very attractive for students. Here are the main advantages:

Students can get up to 4 lakh rupees as an education loan. This amount is enough to cover most course fees and other study-related expenses. The loan can be used for professional courses, technical courses, and general courses as well.

Students can use this money for various purposes like paying college fees, buying books and study materials, purchasing laptops or computers, paying hostel charges, and other education-related expenses. The flexibility in using the money makes it very helpful for students.

The repayment process starts only after the student completes their course and gets a job. This means students do not have to worry about paying back money while they are still studying. For female, disabled, and transgender students, the interest rate is only 1%, which is extremely low.

Since this loan is provided by the government, the recovery process is safe and simple. Students do not face harassment or pressure from loan recovery agents like they might with private loans.

Documents Required for Application

To apply for the Bihar Student Credit Card, students need to arrange several important documents. Having all these documents ready makes the application process much faster and smoother.

Students need their 10th and 12th standard mark sheets and certificates. They also need proof of admission in the institution where they want to study. The course structure and fee details from the institution are also required.

Identity documents are very important. Students need their Aadhaar card and PAN card. They also need one of these: Voter ID, passport, or driving license. Income certificate and previous years’ income tax returns are needed if applicable.

Bank account statement for the last six months is required to show the family’s financial condition. Students need recent passport-size photographs. If they are getting any scholarship, they need the scholarship letter as well.

Documents of co-applicant, usually parents, are also needed. This includes their identity proof, address proof, and income documents. Having all these documents ready before starting the application saves time and prevents delays.

How to Apply Online for Bihar Student Credit Card

Applying for the Bihar Student Credit Card online is very easy. The government has made the process simple so that students can apply from their homes without any difficulty.

First, students need to visit the official website at www.7nishchay-yuvaupmission.bihar.gov.in. On the homepage, they need to click on “New Applicant Registration” option. This will open a registration form that needs to be filled carefully with correct information.

After filling the registration form, students will get a login ID and password. They need to keep these details safe as they will need them to check their application status later. Once registration is complete, students can login to the portal using their new credentials.

After logging in, students need to find and open the application form for the Bihar Student Credit Card scheme. They must fill all required information very carefully and double-check everything before moving to the next step. Any mistake in the form can cause delays or rejection.

Students need to upload all required documents in the correct format. The website usually accepts PDF or JPG files. After uploading all documents and filling all information, students need to submit their application form.

Application Status and Follow-up

After submitting the application, students can check their application status anytime by logging into the portal. The government provides regular updates about the progress of applications. Students should check their status regularly and respond quickly if any additional documents are requested.

If students face any problems with online application, they can also visit their district DRCC office for offline application. The office staff can help students fill the form correctly and submit all required documents.

Course Coverage Under the Scheme

The Bihar Student Credit Card scheme covers a wide range of courses. Students can use this loan for undergraduate courses like BA, BSc, BCom, and professional courses like BTech, MBBS, BDS, and many others. Postgraduate courses like MBA, MCA, MSc, and MA are also covered.

Professional courses like law, nursing, pharmacy, and engineering are given special preference under this scheme. Diploma and polytechnic courses are also included. The government wants to encourage students to pursue both academic and skill-based education.

Students planning to study in fields like agriculture, veterinary science, hotel management, and fashion designing can also apply for this loan. The wide coverage ensures that students from different interests and backgrounds can benefit from this scheme.

Repayment Terms and Conditions

The repayment terms of the Bihar Student Credit Card are very student-friendly. Students do not need to start repaying the loan immediately after taking it. The repayment starts only after the student completes their course and finds employment.

The government gives students a grace period to find jobs after completing their studies. This period helps reduce stress and allows students to focus on finding good employment opportunities. Once students start earning, they can begin repaying the loan in easy monthly installments.

The installment amount is decided based on the student’s income and ability to pay. The government tries to keep the monthly payments affordable so that students can manage their other expenses as well. Students can also prepay their loan if they want to close it early without any penalty.

Important Tips for Successful Application

Students should keep some important points in mind to increase their chances of getting approval for the Bihar Student Credit Card. First, they should make sure all documents are correct and complete before submitting the application.

Students should apply as early as possible after getting admission because the process can take some time. They should choose recognized institutions and approved courses to avoid any problems later. Keeping track of application status and responding quickly to any queries from the government office is also important.

Students should be honest about their family income and financial situation. Providing false information can lead to rejection of the application. They should also make sure that their chosen course aligns with their career goals and interests.

Frequently Asked Questions (FAQ)

Can students from other states apply for Bihar Student Credit Card?

No, only permanent residents of Bihar state can apply for this scheme.

Is there any age limit for applying?

There is no specific age limit mentioned, but students must have completed 12th standard to apply.

Loan Amount Distribution

CategoryMaximum Loan AmountInterest Rate
General Students₹4,00,0004% per year
Female Students₹4,00,0001% per year
Disabled Students₹4,00,0001% per year
Transgender Students₹4,00,0001% per year

Conclusion

The Bihar Student Credit Card scheme is a wonderful opportunity for students who want to pursue higher education but are worried about money. With a loan limit of up to 4 lakh rupees and very low interest rates, this scheme makes quality education accessible to students from all economic backgrounds.

The simple application process, flexible repayment terms, and wide course coverage make this scheme very attractive for students. The special benefits for female, disabled, and transgender students show the government’s commitment to inclusive education.

Students who meet the eligibility criteria should definitely apply for this scheme. With proper documentation and timely application, students can easily get approval and pursue their dream careers without financial worries. This scheme is truly changing the lives of thousands of students in Bihar and helping them build a better future for themselves and their families.

The Bihar government’s vision of making quality education accessible to all is being realized through schemes like this. Students should take full advantage of this opportunity and contribute to the development of their state and country through better education and skills.