Are You Looking for a Bihar Student Credit Card Scheme?

Bihar Student Credit Card Scheme 2024: If you are a resident of Bihar looking to pursue higher education but facing financial issues, then don’t worry. The Bihar Government has introduced the Bihar Student Credit Card Scheme for the students of Bihar. This scheme allows students to pursue higher education without financial barriers. If you are interested in pursuing further studies but lack the funds, you can seek help from Medhavi Skill Education to apply for the Bihar Student Credit Card Scheme in 2024.

Eligibility Criteria to Apply for the Bihar Student Credit Card Scheme

The Bihar Government introduced the Bihar Student Credit Card (BSCC) scheme to offer financial assistance to students for their higher education. This initiative allows students to get loans of up to Rs. 4 lakhs at low interest rates. They can use this funding to finance courses such as BSc, BA, BTech, or MBBS. This scheme allows students in Bihar who face financial barriers to pursue higher education by getting loans at low-interest rates through the BSCC scheme.

To apply for the Bihar Student Credit Card Scheme, you must meet certain criteria.

• ✔ You need to be a permanent resident of Bihar and must be at least 25 years old.
• ✔ Must have scored at least 60% marks in the 12th class.
• ✔ Must be enrolled in an authorized institution for higher education.
• ✔ Additionally, your annual family income should be less than Rs 4.5 lakh.
• ✔ Must get admission to a course at an authorized institute.

Features and Benefits

• ✔ Simple interest rate – The interest rate is 4% simple interest p.a unlike educational loans by banks which charge 6-14% interest.
• ✔ No collateral – Students who avail this loan scheme they don’t have to provide any collateral security.
• ✔ Moratorium period – The repayment of loan is generally initiated only after the completion of 1 year of education/course program or after 5 years of loan disbursement whichever is earlier.
• ✔ Longer repayment tenure – Students get 5-7 years to repay the loan sanctioned after the moratorium period.
• ✔ Eligible students can get a loan up to Rs. 4 lakhs for pursuing higher education.

Bihar Student Credit Card Documents Required     

Applicant needs to provide the following documents while applying for the Bihar Student Credit Card Scheme:

• ✔ Photograph and signature
• ✔ Class 12th mark sheet
• ✔ Admission confirmation letter
• ✔ Fee structure details
• ✔ Domicile certificateID proof (Aadhaar card, voter ID, etc)
• ✔ Family income certificate
• ✔ Bank account details

Step-by-Step Application Process for Bihar Student Credit Card Apply     

• ✔ Visit the Official Portal of bihar student credit card website : https://www.7nishchay-yuvaupmission.bihar.gov.in/?
• ✔ Go to the official Mukhyamantri Nishchay Swayam Sahayata Bhata Yojana (MNSSBY) portal: MNSSBY Official Website
• ✔ Register as a New User
• ✔ Click on the “New Applicant Registration” link.
• ✔ Fill in the required details such as your name, email ID, mobile number, and create a password.
• ✔ Submit the registration form to receive a registration ID and password on your registered email and mobile number.
• ✔ Log In to Your Account Use your registration ID and password to log in to the MNSSBY portal.
• ✔ Fill Out the Application Form Select the Bihar Student Credit Card Scheme from the available schemes. Complete the online application form with the necessary personal, educational, and financial details.
• ✔ Ensure you provide accurate information and double-check all entries before proceeding. Upload Required Documents Scan and upload the required documents. Typically, these include: Recent passport-sized photograph.12th-grade mark sheet.
• ✔ Admission letter or offer letter from the college/university. Residential proof (e.g., Aadhaar card, voter ID).
• ✔ Income certificate of parents/guardians. Bank account details.
• ✔ PAN card or Aadhaar card of the applicant.
• ✔ Submit the Application
• ✔ Review the filled application form and uploaded documents.
• ✔ Click on the “Submit” button to complete the application process.
• ✔ Print the Application Form After submitting the form, take a printout of the application form for future reference.
• ✔ Application Tracking You can track the status of your application through the MNSSBY portal using your registration ID and password.
• ✔ Post-Application Process
• ✔ Verification: The submitted application and documents will be verified by the authorities. You may be contacted for further information or clarification if needed.
• ✔ Approval: Once verified, the loan approval process will begin, and you will be notified of the approval status.
• ✔ Disbursement: Upon approval, the loan amount will be disbursed to the designated bank account.
• ✔ Contact and Support available on bihar student credit card helpline number – 1800 3456 444?  :    
• ✔ For any assistance or queries during the application process, you can contact the helpdesk provided on the MNSSBY portal or visit the nearest District Registration and Counselling Centre (DRCC).

This online application process is designed to be user-friendly and accessible, ensuring that eligible students can easily apply for and benefit from the Bihar Student Credit Card Scheme.

Assistance from Medhavi Skill Education to Apply for the BSCC Scheme

If you are looking to apply for the Bihar Student Credit Card Scheme, then you can seek guidance from Medhavi Skill Education. We have helped various students and we would love to help needy students to get this golden opportunity. If you are applying for this scheme, you need the following documents: