The Bihar Student Credit Card Yojana(B.S.C.C.S.) of Mukhyamantri Nishchay Swayam Sahayata Bhatta Yojana (M.N.S.S.B.Y.) aims to provide financial assistance to students with reasonable and affordable terms and conditions.
The scheme provides financial assistance to students for their higher education. Intermediate/12th-class students from state government-owned institutions unable to pursue higher education due to financial constraints can apply for a Bihar student credit card.
Benefits and features of Bihar Student Credit Card:
Here are the Card Features and Benefits for applying for the Bihar Government Credit Card Scheme.
- The applicant can avail of a loan amount of up to 4 lacks.
- The loan is eligible for students pursuing technical, general, and polytechnic courses.
- Financing is available at a 1% lower interest rate for girls, transgender and students with disabilities.
- Students can use financial aid to pay fees, buy books, and buy laptops.
- The government has debt, and therefore, in extreme cases, The government can completely forgive the outstanding amount.
- Credit card repayment begins upon course completion, and you can earn a job.
Bihar Student Credit Card Fees?
At the initial stage of the M.N.S.S.B.Y. scheme, a student credit card is issued to the applicant to obtain a loan. There was no mention of this, so the interest rates varied depending on the banks.
- For example, the interest rates of Canara Bank and rural banks in central Bihar were 12 and 12.5% per annum a year back. However, according to the most delinquent information, credit cards offer educational loans.
- Under the Credit Card, the Bihar Student Education Finance Corporation (B.S.E.F.) charges 4% common interest (1% regular interest on women, persons with disabilities, and transgender individuals).
- No interest will be charged for the period, along with Student Credit Card Rewards, four years of B-Tech and an additional year.
- So, you have to start repaying your loan in instalments, of course, five years after joining B.Tech. However, you can extend this deadline by notifying the D.R.C.C. twice a year in writing if you cannot repay.
Eligibility course list:
- B.A, B.Sc, B.Com (All subjects)
- M.A, M.Sc, M.Com (All topics)
- Aalim
- Shashtri
- BCA
- MCA
- BSc (Information Technology/Computer Application/Computer Science)
- The B.Sc (Agriculture)
- BSc (Library Science)
- Bachelor of Hotel Management & Catering Technology (B.H.M.C.T.)
- B.Tech/B.E. for laterally admitted candidates having a degree of three years of diploma courses approved by the State Technical Education Council
- Hotel Management and Catering Technology
- Hospital and Hotel Management
- Diploma in Hotel Management (Three Year) (I.H.M. Course)
- Bachelor in Yoga (Entry Level+2Pass)
- B.Tech, B.E, B.Sc (Engineering-all branches)
- M.B.B.S.
- B.Sc (Nursing)
- Bachelor of Pharmacy
- The Bachelor of Veterinary Medicine and Surgery (B.V.M.S.)
- B.A.M.S
- Bachelor of Unani Medicine & Surgery (B.U.M.S.)
- Bachelor of Homeopathic Medicine & Surgery (B.H.M.S.)
- B.D.S
- General Nursing Midwifery (G.N.M.)
- Bachelor of Physiotherapy
- Bachelor of Occupational Therapy
- Diploma in Food, Nutrition/ Dietetics
- Bachelor of Mass Communication/Mass Media/Journalism
- B.Sc. in Fashion Technology/Designing/ Apparel Designing/Footwear Designing
- Bachelor of Architecture
- Bachelor of Physical Education (B.P.Ed)
- M.Sc/M.Tech Integrated course
- Diploma in Food Processing/ Food Production
- Diploma in Food & Beverage Services
- B.A/B.Sc-B.Ed (Integrated Courses)
- Bachelor of Business Administration (B.B.A)
- Master of Business Administration (M.B.A)
- Bachelor of Fine Arts (B.F.A.)
- BL/LLB (5-Year Integrated Course)
- Degree/Diploma in Aeronautical, Pilot Training, Shipping
- Polytechnic
Bihar student credit card Eligibility College list 2024:
Student Credit Card Scheme Bihar Candidates who want to apply and avail of the benefits can follow some steps.
- First, students should open the official Website.
- Click on the “College Approved List for B.S.C.C.” option.
- The college list will appear on the new page there.
- Now select your district and check the list carefully.
Highlights of the Credit Card Scheme:
Highlights of M.N.S.S.B.Y. are as follows:
- Get Higher Education Loans up to ₹ four lahks.
- Enjoy lower interest rates.
- Use general funds to pay fees, buy books, etc.
- It Applies to a range of higher education courses.
- Payback conveniently after getting the job.
Eligibility Criteria for Bihar Student Credit Card Scheme:
In compliance with B.S.C.C. eligibility criteria, you must follow these B.S.C.C. Guidelines:
- It would help if you were an Indian federal suitable for the scheme.
- You must be a resident of Bihar.
- It would help if you were under the age of 25 years.
- To qualify for a Credit Card, you must have the following:
- Bihar School Exam Committee clears Intermediate Examination from recognized institutions.
- Central Board of Secondary Education (Crecognizedr Institutions recognized 12th class recognized Institutions recognized by Bihar.
- Sub-science recognised institutions recognized by the Bihar State Board of Sanskrit Education.
- Maulvi students who have passed from recognized institutions (Bihar State Madrasa Board) will also be accommodated under the scheme. These types of educational institutions should / should be in Bihar.
- If you are a level degree holder, you will not cover a degree belonging to the same group under the M.N.S.S.B.Y. scheme.
- This qualification does not apply to technical and management courses. For example, under this scheme, holders of a science graduate degree will not be given a loan to re-read other faculties of arts, science, or commerce to pursue graduate-level courses.
- However, to be eligible for higher education in courses such as M.B.A. or M.C.A., your C.I.B.I.L. score must be greater than or equivalent to 700.
- If the C.I.B.I.L. score exceeds 700, the following higher authority will grant it.
- He is enrolled in higher education to pursue higher education recognized by the relevant regulatory boards/agencies of the Government of Bihar or other Central or State Governments.
- You must have an Aadhaar card number or a unique one.
- You must have a good Permanent Account Number (P.A.N.).
Institutions Eligible for Studies:
Institutions recognized by the Government of Bihar’s relevant regulatory boards/agencies. Or other state governments or the central government.
Eligibility Courses for Studies:
Financial Courses, General Courses (Non-Technical), and Technical Courses, e.g. BA., B.Sc., BCom, Engineering, Management, Medical, Law, etc.
Documents required for B.S.C.C:
Here is a list of documents required for a Bihar student credit card proving your eligibility for the M.N.S.S.B.Y. scheme. The mandated credit card documents are as follows:
- Mark sheets of 10th and 12th standard applicants.
- Documents for proof of admission in a higher education institution.
- If applying with a credit card applicant and co-applicant.
- Documents for proof of address.
- Proof of identity such as Aadhaar cards and P.A.N. cards.
- Bank Account Statements.
- Form 16, along with other documents like Family Income Certificate.
How do you apply for a Bihar Student Credit Card?
Make the most of the B.S.C.C. yojana and apply for the Bihar Student Creditcard online. This scheme will make your higher education dreams come true. Here is how one can apply for a Bihar Student Credit Card Online:
- Visit the M.N.S.S.B.Y. official website.
- Select the ‘New Applicant Registration’ option.
Fill in the required details and click ‘Send OTP’.
- Enter the OTP received in your mobile number/email id and click ‘Submit‘.
- Click Go Home after successfully registering for a Bihar Student Credit Card.
- Log in to the Student Credit Card Yojana website using the credentials you received via SMS/Email.
- Set a new password and log in again with a unique password.
- Enter your details in the fields and click on ‘Submit‘.
- Select the ‘Credit Card’ option from the ‘Select Scheme‘ drop-down menu.
- Enter your personal information and co-applicants, if any.
- After filling in all the information required for a Credit Card, click ‘Submit’.
- Make a note of the receipt you received by Email.
How can you check your Bihar Student Credit Card status?
- You can track your Bihar student credit card status online by visiting the location at www.7nishchay-yuvaupmission.bihar.gov.in.
- To consider the B.S.C.C. status of the application, visit the link above and enter your UID number or registration digit and date of birth.
Upon submission, the website will provide you with the status of your credit card application.
How to use Bihar Student Credit Card?
- Fees payable for college/school/hostel
- Exam/Library/Lab Fee
- The insurance premium supported the Student Borrower.
- Caution deposit, building fund/refundable deposit institution bills/receipts.
- Purchase of books/equipment/tools/uniforms.
- Purchase a computer at a reasonable price.
- Any other fees required to finish the course – study tours, project work, thesis, etc.
How to contact Bihar Student Credit Card Customer Care?
- Toll-free or Helpline Number: 1800 3456 444.
- You may contact the above Bihar Credit Card Customer Care Number; further, the candidates can see the details of the Bihar Government.
- Scheme and Bihar Student Creditcard Deals on the Official Website.
- B.S.C.C. Email: spmubscc@bihar.gov.in
FAQs:
To qualify for a Bihar student credit card, you must meet the following criteria: You should reside in Bihar. It would help if you were at least 25 years old. You should have passed the 12th standard.
The scheme aspires to boost this ratio to 30% in 5 years. Beneficiaries of the student credit card get financing of up to four lahks at nominal interest rates. The money can finance a B.A., B.Sc., M.B.B.S., or B—tech course.
Click the “Select Scheme” button, and the following screen will display. 1. In the “Select a Scheme to Apply” drop-down, select the scheme the Applicant wishes to apply. The Applicant selects the Bihar Student Creditcard from the drop-down menu on the Applicant Homepage.
You must be a Bihar resident. It would help if you were at least 25 years old. You must have passed 12th standard. You must authorised at an authorised institute.
Only Indian students who are residents of Bihar state are eligible to apply for a B.S.C.C. Credit card. The age limit is a maximum of 25 years.