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Scholarship Details

BIHAR - STUDENT CREDIT CARD YOJNA

Scholarship Region 

Bihar

Scholarship For 

Under Graduate

Last Date 

31/12/2024

Scholarship Amount 

400,000

Scholarship Type 

Government

Scholarship Fields 

Other

Scholarship General Information 

MNSSBY- Bihar Student Credit Card Scheme has been launched by the Bihar government. Under this scheme, students can get financial assistance up to Rs. 4 lakh at low interest rates for higher education.

Eligibility Criteria 

1. Applicants should be nominated for Higher Education in the Institute of Education recognized by the concerned State Government of Bihar State, other State or Central Government, or selected for nomination.

2. Applicant should be a resident of Bihar and 12th (10th in case of polytechnic) or equivalent examination from any institution recognized by the government located in the state

3. The applicant should not receive any kind of allowance/scholarship/ student credit card/education loan or any kind of assistance from any other source.

4. Applicant's age should not be more than 25 years on the date of application (For PG courses upper age limit is 30 Years).

5. This loan will be given for general courses of higher education and various professional/technical courses for B.Sc.C./Engineering / M.B.S.S./management/method etc.

Award Amount  

Bihar Student Credit Card Yojna - Under this scheme, the maximum education loan amount will be Rs. 4 lakhs. The simple Interest rate would be 4% per annum. For Female, Differently Abled, and Transgender category the interest rate is 1%.


​​​​​​​Loan Approval Process

The officials will examine and verify all the details and documents submitted by the students including the admission related details from the respective educational institutions. This will be done within 15 days after receiving the documents from the students. After verification, details/documents will be shared with the banks which will then approve or disapprove the loan within 15 days. The loan approval/disapproval with reason information will be shared by the banks to the applicants by SMS.

In case of approval, the applicants will be required to visit the bank branch to complete the documentation formalities. After which the banks will issue credit cards to the students which can be used to pay the fee and expenses of higher education.

No. of Scholarships Available 

Bihar Student Credit Card Yojna - Under this scheme, the maximum education loan amount will be Rs. 4 lakhs.

Important Dates 

Summary

Tentative Date

Last date to apply

Dec 31

Application Fee 

No Application fee will be charged

Application Procedure 

Follow given steps to apply for this scholarship:

Visit the official website of Bihar Student Credit Card Portal – MNSSBY .

Select the option 'New Applicant Registration'

Enter the required details like your first name, email id, Aadhaar number, mobile number, etc.

Then click on the option 'Send OTP' and enter the OTP received on the email ID and mobile number. After entering the details, click on ' Submit' .

You will then receive the log-in details via email/SMS.

Now go to the home page again and enter the log-in details including username, password and captcha code. Then click on ' Login '.

For security you will need to change and update your password and log in again with the new password.

After logging in you will see a new page where you have to enter your personal details and submit it.

After this, select 'Bihar Student Credit Card' option under 'Select Scheme' menu and enter further details.

After entering the financial and general details, click on  'Submit' .

On successful submission, you will receive an acknowledgement via email.

Selection Process 

Applications and eligibility conditions will be evaluated.

Other Info 

Features and Benefits

1. This scheme is valid for those students who have completed their intermediate or 12th class education from educational institutions run by the Bihar government.

2. Under this scheme, students can avail a loan amount of up to Rs 4 lakh. The loan amount can be used to pursue further education in technical, polytechnic or general courses. Apart from this, you can use the loan amount to purchase study material like books, stationery and laptop or to pay fees.

3. Under this, an interest of 4% is charged on the amount taken. For women, transgenders and disabled persons, the interest rate is 1%.

4. The loan amount taken under this scheme has to be repaid by the students after completing their course and getting a job. For example, if you are taking this scheme for a three-year BSc course, then you do not need to repay the amount during the three-year course.

Contact Details 

Toll-Free Number: 18003456444 

For more information: Click here

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