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BSCCS

Bihar Student Credit Card Scheme

The Bihar Government launched the Bihar Student Credit Card (BSCC) scheme to provide financial aid to applicants to complete their higher education.

State Cash

States / UT: Bihar

Nodal department: Education Department

Scheme for: Individual

Scheme profile

Scheme open date: 2016-10-02

Categories: Education & Learning, Social welfare & Empowerment

Sub-categories: Loan, Universities and higher education, Resources for schools, Coaching, Financial assistance

Target beneficiaries: Individual

Tags: Educational Loan, Student Empowerment, Financial Assistance, Higher Education

Details

The Department of Education introduced a scheme named "Bihar Student Credit Card Scheme". Its aim is to provide financial aid to students to complete their higher education. In this scheme, the students can avail loans of up to ₹4 lakhs at minimal interest rates. They can utilize these funds for financing courses like B.Sc, B.A, B.Tech, or MBBS. This scheme is specifically for all those students who are interested in pursuing higher education but due to lack of financial resources, they are not able to pursue the same.

Benefits

  • The eligible students will get the following benefits under this scheme:- 1. A maximum loan amount of ₹4lakh. 1. Loan can be availed for polytechnic technical and general courses. 1. This assistance may be utilized for purchasing of books and laptops or pay any kind of fees. 1. Repayment of the loan starts once the course has been completed and student have secured a job. 1. The interest rate of the loan is 1% for Divyang transgender and girl students. 1. The recovery procedures are flexible since the loan is government-owned

The eligible students will get the following benefits under this scheme:-

  1. A maximum loan amount of ₹4 lakh.
  2. Loan can be availed for polytechnic, technical and general courses.
  3. This assistance may be utilized for purchasing of books and laptops or pay any kind of fees.
  4. Repayment of the loan starts once the course has been completed and student have secured a job.
  5. The interest rate of the loan is 1% for Divyang, transgender, and girl students.
  6. The recovery procedures are flexible since the loan is government-owned.

Eligibility

  • The applicant must be a resident of Bihar state and should be at least 25 years.
  • The applicant must have passed the class 12th.
  • The applicant must get admission to a course in an authorized institute.
  • The applicant must complete the entire course.

Exclusions


Application Process

Online

  1. Visit https://www.7nishchay-yuvaupmission.bihar.gov.in/ website. 1. Click the ‘New Applicant Registration’ button.
  2. Fill the details, such as name, email ID, mobile number, Aadhaar number, and OTP and click the ‘Submit’ button.
  3. A successful registration message will be displayed, and the applicants will receive the username and password by email and SMS.
  4. Visit the https://www.7nishchay-yuvaupmission.bihar.gov.in/ website and log in using the username and password. 1. Fill the details on the ‘Personal Information Page’ and click the ‘Submit’ button.
  5. Selects the ‘BSCC’ option from the drop-down list and click the ‘Apply’ button.
  6. Fill in the details on the BSCC form and submit it. A confirmation message and the acknowledgement number will be displayed.
  7. The respective District Registration and Counseling Center (DRCC) will schedule an appointment and send an email and SMS informing the applicant about the date of the visit to the DRCC.
  8. The applicant should visit the DRCC with self-attested documents and submit them to the Multi-Purpose Assistant (MPA) for verification.
  9. After verification by the concerned authorities and loan sanction by the bank, the DRCC will send an SMS and email to the applicant informing the date the applicant should visit the DRCC to collect the ‘Student Credit Card’ and sanction letter of the loan.
  10. The applicant should visit the bank to complete the documentation formalities after collecting the ‘Student Credit Card’ and the bank’s sanction letter from the DRCC.
  11. The applicant will get the loan disbursement from the bank, and bank officials will inform the same to the DRCC.
  12. The applicants can also track their application status on https://www.7nishchay-yuvaupmission.bihar.gov.in/addapplicationStatus.

Clarifications

Additional points from the scheme information published on myScheme (not legal advice).

What is Student Credit Card Scheme ?
Bihar govt. had decided to set up an Education Finance Corporation for loan disbursement to students under BSCC Scheme.
Who may get the scheme benefits ?
Students of Bihar State can get the scheme benefits.
What are the benefits under BSCC scheme ?
Bihar State Students will get Educational Loans up to Rs. 4 Lacks
Who may apply for BSCC scheme ?
1. Students should be residents of Bihar. 2. Students should be passed the 12th class from the state of Bihar. 3. It is mandatory that the students have taken enrollment in an educational institution recognized by the concerned regulatory agency of Bihar and other state or central government. 4. This loan can be given for general higher education courses and various professional/technical courses like- BA / B.Sc / Engineering / MBBS / Management / Law etc. 5. The applicant's age should not be more than 25 years on the date of applying for the loan to be benefited under this scheme. 6. If the applicant has a degree of one level, then the same level of degree will not be covered under this scheme. This provision will not apply to technical or managerial courses. 7. In case of dropout by the beneficiaries for whatever reason, the balance amount of the loan from the time of dropout will not be made available to the institution or the student.
How to apply for the scheme ?
1. Applicants may register their self. 2. After authentication through OTP, Applicants may fill the application form. 3. And Submit.
What is the URL to apply online ?
Click on the following link. URL : https://www.7nishchay-yuvaupmission.bihar.gov.in/addFtrUserPage
What documents are required while submitting the online application ?
No documents are to be attached online.
What is the minimum education qualification required ?
Students should be passed the 12th class from the state of Bihar.
Can other state students also apply for this scheme?
No, Students should be residents of Bihar.
What is the maximum age to avail the scheme benefits ?
The applicant's age should not be more than 25 years on the date of applying for the loan to be benefited under this scheme.

References

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Documents Required for Government Schemes

Most government schemes require basic documents for verification. While the exact requirements vary, common documents include:

  • Aadhaar Card
  • Income Certificate
  • Caste Certificate (if applicable)
  • Residence Proof
  • Bank Account Details
  • Educational Certificates (for student schemes)

How to Apply for Government Schemes?

The application process for government schemes may be online or offline depending on the scheme. In most cases, you can follow these steps:

  1. Check eligibility criteria
  2. Collect required documents
  3. Fill the application form
  4. Submit the application online or at the relevant office
  5. Track application status