Bihar Student Credit Card Loan Scheme
Scholarship Amount
About This Scholarship
The Bihar Student Credit Card Loan Scheme aims to provide financial assistance to students residing in Bihar for pursuing higher education. This initiative helps bridge the financial gap, allowing eligible students to access quality education without significant monetary burden.
Under this scheme, eligible candidates can receive an education loan of up to ₹4 lakh at a simple interest rate of 4% per annum.
Significantly, the scheme offers reduced interest rates for specific categories:
• Female applicants
• Persons with Disabilities (PwD)
• Transgender candidates
These groups are eligible for the loan at a considerably lower interest rate of 1%. The scheme ensures that financial constraints do not hinder deserving students from achieving their educational aspirations.
Eligibility Criteria
The applicants must fulfil the following eligibility criteria:
• Applicants must be residents of Bihar.
• Students enrolled in general courses like B.A./B.Sc. and professional/technical courses such as engineering/medical/management/law are eligible.
• They must have passed Class 12 or equivalent exam or Class 10 (for polytechnic courses) from a recognized institute in Bihar.
• The applicant’s age should not exceed 25 years at the time of application. However, for prescribed postgraduate courses where the minimum qualification is graduation, the maximum age limit is 30 years.
• The applicant must be admitted or selected for admission to a recognized institute of higher education.
• Applicants from neighbouring states such as Jharkhand, Uttar Pradesh, and West Bengal who have either passed Class 10 (for polytechnic courses) or Class 12 are also eligible.
Note:
• If an applicant has successfully completed and obtained a degree at a particular level, they are ineligible to apply for a course at the same level, except in the case of technical or managerial courses. For instance, a student who has already completed a B.Com. degree and now wishes to pursue another bachelor’s course such as B.B.A., B.C.A., B.M.S., etc., would not be eligible to apply for this scheme.
• In the case of applicants staying in hostels, the loan amount will be directly provided to the educational institution.
For the Eligible Course List, refer to the official PDF document available on the government website.
Required Documents
The applicants are required to submit the following documents to avail the loan:
• A duly filled application form
• Aadhaar card of applicant and co-applicant (if available)
• Copy of PAN card of the student and co‐applicant
• Class 10 and 12 certificate and marksheet
• Copies of letter conferring scholarship etc. (If available)
• Approved course structure
• Proof of admission
• Fee schedule
• 2 passport-sized photographs of student/parents/guarantor
• Last year’s income certificate/ Form 16
• Income tax return for the last 2 years
• Bank statement of the last 6 months
• Proof of residence (ID/ Passport/ Voter ID/ Driving License)
• Tax Receipt
For a Checklist of Documents, refer to the official document on the government portal.
How to Apply
Eligible applicants can follow these steps to apply:
1. Click on the 'Apply Now' button on the official website.
2. Click on the 'Register' button on the right-hand side of the dashboard and fill in the required details to 'Register'. (Note: If already registered, log in using the registered email ID.)
3. Click on the ‘New Applicant Registration’ tab.
4. Provide all the required information, which includes name, email ID, Aadhaar number, and mobile number, and click on the ‘Send OTP’ button.
5. The one-time password (OTP) will be sent to the registered mobile number and email address.
6. After entering the OTP, a personal description and contact form will appear.
7. Fill in the form with all the required information to access the Bihar Student Credit Card Scheme application form.
8. Enter the desired information in the application form and submit it.
9. After successfully submitting the form, a unique registration number will be sent to the registered mobile number and email address. (Note: No documents will be required to be submitted online)
10. Upon completion, a PDF version of the form will be generated, containing details regarding the necessary documents and the designated time to visit the District Registration and Counseling Centre (DRCC) counter for further processing of the application.
11. On the prescribed date of the visit, arrive at the District Registration and Counseling Centre (DRCC), carrying the application form along with the required documents in the prescribed format.
12. Once all the documents are submitted, take the receipt for the application from the designated counter.
Note: Corrections and amendments to the application form will be made on the spot by the Multi-Purpose Assistant (MPA).
For a detailed User Manual, please refer to the official website.