Business
Bihar Student Credit Card: Eligibility Status & Benefits 2023

Are you a student from Bihar looking for financial assistance to pursue higher education? The Bihar government’s Student Credit Card Scheme can provide you with the necessary funds to pursue your dreams.
Under this scheme, eligible students can avail a credit limit of up to Rs. 4 lakhs at an interest rate of just 1%. Let’s dive deeper into the scheme’s features, eligibility criteria, and application process.
Features of Bihar Student Credit Card Scheme
- Loan Amount: Students can avail a credit limit of up to Rs. 4 lakhs to pursue higher education in India or abroad.
- Interest Rate: The interest rate on the loan is just 1%, making it highly affordable for students.
- Repayment Tenure: Students can repay the loan amount within a maximum of 15 years.
- No Collateral Required: The scheme does not require any collateral, making it easier for students to avail of the loan.
- Easy Application Process: Students can apply for the loan through an online portal or at designated help centers.
Eligibility Criteria for Bihar Student Credit Card Scheme
- Applicant must be a permanent resident of Bihar.
- The student must have secured admission in a recognized educational institution in India or abroad.
- The age of the applicant must be between 18 to 25 years.
- The applicant must have completed their intermediate education.
- The applicant’s family income must be below Rs. 8 lakhs per annum.
Application Process for Bihar Student Credit Card Scheme
- Online Application: Students can apply for the scheme through the official website of the Bihar Education Department. They need to fill out the application form and upload the necessary documents.
- Offline Application: Students can visit the designated help centers to fill out the application form and submit the necessary documents.
- Documents Required: The necessary documents include Aadhaar card, intermediate mark sheet, admission letter, income certificate, and bank account details.
In conclusion, the Bihar Student Credit Card Scheme is a game-changer for students who face financial constraints while pursuing higher education. With its affordable interest rates and easy application process, this scheme can help students fulfill their dreams and achieve their career goals.
So, if you are a student from Bihar who aspires to pursue higher education, don’t hesitate to apply for the Student Credit Card Scheme today.
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