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About The Scholarship
Bihar Student Credit Card Loan Scheme is an initiative of the Bihar Government that offers interest-free education loans up to ₹4,00,000 at to students who have completed either Class 10 (for polytechnic courses) or Class 12. This scheme enables students to pursue their academic goals without financial constraints.
Under the scheme, the Bihar State Education Finance Corporation will be involved in providing a guarantee against the education loan offered to students. This education loan will cover both living expenses associated with education and tuition fees of the institution including hostel fees. Additionally, where hostel facilities are unavailable, the loan can also be used to cover the cost of rented accommodation.
The Bihar Student Credit Card Scheme was launched in 2016. It is a part of Aarthik Hal, Yuvaon Ko Bal, one of the programs within the 7 Nishchay Program Scheme under the Bihar Vikas Mission.
Bihar Student Credit Card Loan Scheme
Eligibility
Award
- 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.
- Candidates eligible for the interest-free education loan can receive up to ₹4 lakh.
Required Documents
Mode of Apply
- A duly filled application form
- Aadhar 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 receipt with institution letterhead
- 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
- Online
