Bihar Student Credit Card Eligibility: Who Can Apply for a BSCC Loan?

Bihar Student Credit Card Eligibility: The Government of Bihar launched the innovative Bihar Student Credit Card (BSCC) Scheme to empower students by offering financial aid for higher education. Established in 2016 as part of the Mukhyamantri Nishchay Swayam Sahayata Bhata Yojana, the program seeks to guarantee that students' academic aspirations are not impeded by financial limitations.  Eligible students can take advantage of this program by applying for an education loan up to INR 4 lakh at low or no interest rates to pay for books, tuition, and other educational costs. The Bihar government is promoting a workforce that is highly educated and skilled by providing this assistance, thereby supporting the state's socioeconomic development.

The BSCC Scheme's widespread accessibility and straightforward application process are among its primary features. The loan is available to students who fulfill the Bihar student credit card eligibility criteria, like successfully completing their Class 12 education from an accredited institution and wanting to continue their education in general, technical, or professional courses.

To enable simple loan disbursement without demanding strict collateral security, the Bihar government has teamed up with banks. The program also offers government-backed guarantees and a flexible repayment schedule, which helps students from lower-income families concentrate on their education without worrying about money. By implementing this program, Bihar is establishing a standard for educational reforms and guaranteeing that every aspirant has the chance to create a better future.

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Detailed Bihar Student Credit Card Eligibility Criteria

Candidates can check this below section to have detailed information about Bihar Student Credit Card eligibility with respect to Bihar student credit card age limit, education qualification for BSCC etc.

Bihar Student Credit Card Age Limit

The applicant should be between 18 to 25 years at the time of application for the BSCC scheme.

Residence / Domicile Status

The applicant must be a permanent resident of the state of Bihar.

Education Qualification for BSCC

• For any undergraduate courses, the aspirant must have successfully passed Class 12 (Intermediate or equivalent) from any recognized board (BSEB, CBSE, ICSE, or any other state board).
• The student must have been accepted into an undergraduate, graduate, or equivalent higher education program at an institution approved by the Medical Council of India, the AICTE, the UGC, or any other acceptable authority.
• For Polytechnic courses, applicants must have successfully cleared Class 10 from a recognised board or institution

Financial Status

Since there is no income cap, students from all socioeconomic backgrounds have the opportunity to apply.

Loan Limit

A maximum of INR 4 lakh can be availed under the Bihar Student Credit Card Scheme.

Courses

• Engineering, Medical, Management, Law, Polytechnic and other professional courses.
• Regular degree courses in Science, Commerce and Arts.
• Vocational courses like Hotel Management, Aviation and IT
• Or check out the complete Bihar Student Credit Card Course List here.

Institutions

The student must be enrolled in a recognised institution in Bihar or outside Bihar, but within India. Check out the Bihar Student Credit Card College List here.

Co-applicant Requirement

The parent or guardian of the student must be a co-applicant for the loan.

Usage of Loan

The loan amount can be used by the applicants for tuition fees, hostel fees, books, study materials and other educational expenses.

Also Read: Income Criteria for BSCC Loan Approval

Who Can Apply for a BSCC Loan?

The Bihar Student Credit Card Scheme has been developed in order to provide financial support and assistance to the students from the state of Bihar who wish to pursue higher education but face economic constraints. To avail Bihar Credit Card Loan , students need to qualify the Bihar student credit card eligibility criteria list. Students who have completed their 12th grade (intermediate or equivalent) from any recognised board, such as the Central Board of Secondary Education (CBSE), Indian Certificate of Secondary Education (ICSE) or Bihar School Examination Board (BSEB) and who are permanent residents of Bihar are eligible for this scheme.

Applicants must have secured admission at a recognised college, university or institution for a professional, technical or general higher education course approved by the scheme. Those pursuing degrees in engineering, medicine, management, law, polytechnic, nursing, and other technical or vocational courses are the main beneficiaries of the program. The applicant should be between 18 to 25 years old at the time of application for the BSCC scheme.

The program is specifically designed to help students from economically disadvantaged backgrounds so that their education is not impeded by financial limitations. Students must register on the Mukhyamantri Nishchay Swayam Sahayata Bhata Yojana (MNSSBY) portal in order to apply. They must also submit family income information, educational credentials, an Aadhaar card and proof of admission. The Bihar Student Credit Card Scheme provides loans up to ₹4 lakh with low or no interest rates, which can be paid back after the course is finished thereby making it a very advantageous program for students who want to finish their higher education.

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