Bihar Student Credit Card Scheme (BSCC)
This profile has been independently compiled from official gazette notifications and verified web domains. Source Authority Link: www.7nishchay-yuvaupopjivan.bih.gov.in Authority: Education Department (Bihar) • State/Region: Bihar • Last Audited: 04 Sep 2026
Quick AI Summary
Provides state-guaranteed educational loans up to ₹4 lakh at subsidized interest rates for Bihar domiciled students pursuing recognized higher education courses.
Detailed Summary
Scheme Overview
Launched under the '7 Nischay' (Seven Resolves) programme of the Government of Bihar, the Bihar Student Credit Card Scheme (BSCC) aims to facilitate access to higher education by providing financial assistance to meritorious students facing economic constraints. The scheme operates through the Bihar State Education Finance Corporation (BSEFC), which acts as the guarantor for loans disbursed by scheduled commercial banks.
Financial Parameters
The scheme sanctions a maximum loan amount of ₹4,00,000 (Rupees Four Lakh Only) per student. The interest rate is fixed at 4% simple interest per annum for the general category. A concessional rate of 1% simple interest per annum is applicable for female students, transgender students, and students with disabilities (Divyangjan) having 40% or more disability. No collateral security or third-party guarantee is required from the borrower, as the State Government provides the guarantee through BSEFC.
Coverage & Repayment
The loan covers tuition fees, hostel charges, examination/library/laboratory fees, purchase of books/equipment/instruments, and caution deposit/building fund/refundable deposit (up to 10% of tuition fees). A moratorium period is provided covering the course duration plus one year, or six months after securing employment, whichever is earlier. Repayment tenure extends up to 15 years post-moratorium.
Key Benefits & Financial Assistance
| Comparison Criteria | Benefits |
|---|---|
| Key Benefits |
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Eligibility Criteria Profile
| Comparison Criteria | Eligibility |
|---|---|
| Maximum Age Limit | 25 Years or below |
| Occupation Status | Student |
| Domicile State | Bihar Domicile |
Application Process Guide
- Portal Registration: Visit the official MNSSBY portal (https://www.7nishchay-yuvaupopjivan.bih.gov.in/) and register using a valid mobile number and email ID to generate login credentials.
- Form Submission: Log in and fill the online Common Application Form (CAF) with personal, educational, admission, and bank account details.
- Document Upload: Upload scanned copies of mandatory documents (Aadhaar, Domicile, Class 10 & 12 Marksheets, Admission Fee Receipt/Letter, Institute Fee Structure, Bank Passbook, Photograph, Caste/Disability Certificate if applicable).
- DRCC Verification: Schedule an appointment and appear physically at the designated District Registration and Counselling Centre (DRCC) with original documents for biometric verification and scrutiny by the Counselling Officer.
- Bank Processing: Upon successful verification, the application is forwarded to the selected bank branch. The bank processes the sanction and disburses the first installment directly to the educational institution's account.
- Subsequent Disbursement: Subsequent installments are released upon submission of utilization certificates and fee receipts for the next academic year/semester through the portal.
Common FAQs regarding this Yojana
No. The scheme mandates that the applicant must have passed the Class 12 (or equivalent) examination from a recognized board/institution located within the territorial jurisdiction of Bihar. A domicile certificate alone is insufficient if the qualifying examination was passed outside the state.
No, there is no parental income ceiling prescribed under the current guidelines of the Bihar Student Credit Card Scheme. Eligibility is based on domicile, age, educational qualification, and admission status.
If a student discontinues the course, the loan disbursement stops immediately. The student becomes liable to repay the amount already disbursed along with applicable interest as per the repayment schedule agreed upon with the bank, typically after the moratorium period.
No. The scheme is strictly applicable for regular, full-time courses conducted in recognized institutions. Distance education, correspondence, online-only, or part-time courses are explicitly excluded from coverage.
The parent (father/mother) or legal guardian acts as the mandatory co-applicant/co-borrower for the loan. In case parents are not alive, a legal guardian appointed by a competent court or a spouse (if married) can act as co-applicant.
The interest subsidy is applied upfront at the time of loan sanction. The loan agreement is executed at the concessional rate of 1% simple interest per annum. No separate subsidy claim or reimbursement process is required by the student; the bank charges the reduced rate directly.