Bihar Student Credit Card Scheme
What the scheme offers
The Bihar Student Credit Card Scheme provides an education loan of up to ₹4 lakh to students of Bihar who have passed Class 12 and secured admission to a recognised higher education course. The loan is guaranteed by the Bihar government through the Bihar State Education Finance Corporation.
Who is eligible
- Permanent resident of Bihar
- Passed Class 12 from a recognised board
- Admitted to a recognised institution for a degree, diploma or approved professional course
- Under 25 years of age at the time of application
Interest and repayment
Interest is charged at a simple rate of 4% per annum, reduced to 1% for female, transgender and differently-abled students. Repayment begins after the course ends or once employment starts, whichever is earlier.
Documents you will need
Aadhaar card, Class 10 and 12 marksheets, admission letter, fee structure from the institution, residence certificate, bank account details, and passport-size photographs of the applicant and a co-applicant.
How to apply
Register on the Bihar Student Credit Card portal, complete the application, book a slot at your District Registration and Counselling Centre, and carry the original documents for verification. Our counsellors can help you assemble the paperwork and check whether your chosen course qualifies.