The Bihar Student Credit Card (BSCC) scheme is an initiative launched by the Government of Bihar to provide financial assistance to students for pursuing higher education. The scheme aims to ensure that no student is deprived of education due to financial constraints. Here are some key details about the Bihar Student Credit Card:
Key Features:
- Loan Amount: Students can avail of a loan up to ₹4 lakhs for higher education.
- Interest Rate: The loan is provided at a very low-interest rate, and the government provides an interest subsidy during the moratorium period.
- Repayment: The repayment period is up to 15 years, including a moratorium period that covers the duration of the course plus one year or six months after getting a job, whichever is earlier.
- Eligibility: Students who are residents of Bihar and have passed their intermediate (12th) examination are eligible to apply. The scheme is also available for students pursuing professional and technical courses.
- Courses Covered: The scheme covers a wide range of courses, including undergraduate, postgraduate, diploma, and vocational courses in India and abroad.
Application Process:
- Online Application: Students can apply online through the official Bihar Student Credit Card portal.
- Documentation: Required documents typically include proof of residence, academic records, admission letter, and income certificate.
- Verification: After submission, the application is verified by the concerned authorities.
- Approval: Once verified and approved, the loan amount is disbursed directly to the educational institution.
Benefits:
- Financial Support: Provides necessary financial support to students for higher education.
- Low-Interest Rates: Makes education loans more affordable.
- Flexible Repayment: Offers a flexible repayment schedule to ease the financial burden on students.
Official Website:
For more detailed information and to apply online, you can visit the official Bihar Student Credit Card portal: Bihar Student Credit Card
Contact Information:
For any queries or assistance, students can contact the helpline numbers or visit the nearest facilitation center as mentioned on the official website.
This scheme has been instrumental in helping numerous students achieve their educational aspirations without the stress of financial constraints.
