Here is the whole scheme in one place: what you get, who qualifies, how to apply, and what to check.
| Scheme | Bihar Student Credit Card Yojana |
|---|---|
| Department | Education Department, Government of Bihar, under the Saat Nischay scheme |
| Benefit | Education loan up to Rs 4 lakh for higher studies, now interest-free |
| Who can apply | Bihar residents who have passed Class 12 and want higher education |
| How it is given | Education loan through participating banks |
| Apply at | 7nishchay-yuvaupmission.bihar.gov.in or the bank branch |
| Cost to apply | Free |
Key points
- Loans go up to Rs 4 lakh for higher studies.
- The government has announced that the loans are now interest-free.
- Repayment can now stretch to 7 or 10 years.
- This scheme is only for residents of Bihar.
So what exactly does a student get?
Eligible students can get an education loan of up to Rs 4 lakh for higher studies.
The Bihar government has recently announced that these loans will be completely interest-free for all applicants.
Earlier, general applicants paid 4 percent interest, and women, differently-abled and transgender applicants paid 1 percent.
Loans up to Rs 2 lakh can now be repaid in up to 84 monthly instalments, which is 7 years. Loans above Rs 2 lakh can be repaid in up to 120 monthly instalments, which is 10 years.
Amounts and rules can change, so please confirm the current figures on the official site.
Who can apply, and who cannot?
The basic rule is that you must be a resident of Bihar.
You must have passed the Class 12 board examination from a recognised board.
You must have taken admission, or plan to take admission, for higher education.
Please check the official site for the full list of conditions, such as family income and course type, before you apply.
A short background on this scheme
The Student Credit Card Scheme has been running in Bihar since 2 October 2016.
It is part of the state's flagship Saat Nischay programme, which aims to make higher education more accessible.
The Chief Minister announced the recent changes, including interest-free loans and longer repayment, to help more students continue their studies.
What documents should you keep ready?
Keep your Class 12 marksheet and passing certificate ready.
Keep your Aadhaar card, a passport size photo and your residence proof from Bihar.
Keep your admission letter or fee details from the college or institute.
Keep your bank account details, and any income certificate asked for by the bank or portal.
How do you apply online, step by step?
Go to the official portal at 7nishchay-yuvaupmission.bihar.gov.in.
Look for the Student Credit Card scheme section and register with your mobile number.
Fill in your personal, education and course details carefully.
Upload the required documents and submit the form.
Note down your application number for future tracking.
- 1Visit the official portalGo to 7nishchay-yuvaupmission.bihar.gov.in.
- 2Register with your mobile numberOpen the Student Credit Card scheme section and register.
- 3Fill in your detailsEnter personal, education and course details carefully.
- 4Upload documents and submitUpload the required documents and submit the form.
- 5Note your application numberKeep it safe to track your application later.
Graphic: News Anek, from the facts in this report
Can you apply at a bank instead?
Yes, you can visit a participating bank branch and ask for the education loan under this scheme.
Carry your documents and the application details with you.
The bank will guide you through the loan process and the paperwork.
How do you check your status, and what if it is stuck?
Use your application number on the official portal to check the status.
If your application is delayed, contact the bank branch that is handling your loan first.
For grievances, you can use the official portal's contact or grievance section.
What are the important tips and warnings?
Never pay money to any agent or person who promises a quick loan.
Apply only through the official portal or a bank branch.
Read the loan terms carefully, including repayment and any conditions on interest.
Frequently asked questions
Is the Bihar Student Credit Card loan really interest-free?
The Bihar government has announced that loans under this scheme are now interest-free for all applicants. Please confirm the current terms with the bank or official site.
How much loan can I get?
You can get a loan of up to Rs 4 lakh for higher studies under this scheme.
Is this scheme open to students from outside Bihar?
No, this scheme is only for residents of Bihar.
Can I apply if I have already passed Class 12 some years ago?
The scheme is for students who have passed Class 12. Check the official site for any time limit on the application.
How long do I have to repay the loan?
Loans up to Rs 2 lakh can be repaid in up to 7 years. Loans above Rs 2 lakh can be repaid in up to 10 years.
Official links
This guide is based on official scheme rules. Rules and amounts can change, so always confirm on the official website before you apply. News Anek is not a government website.
