INTRODUCTION

Bihar Student Credit Card Yojana was launched by the Government of Bihar on the occasion of Gandhi Jayanti on 2 October 2016.
Under this scheme, the government provides education loans to every student up to Rs. 4 lacs.
The loan will be provided to every 12th pass student. The amount will be up to Rs. 4 lacs to cover tuition fees, hostel fees, and even for rented accommodation in case of non-availability of the hostel. With the involvement of the Bihar State Education Finance Corporation, a guarantee will be provided against the loan to each of these students.

This scheme will be beneficial for students deprived of higher education due to financial constraints. At the same time, it will help improve the gross enrolment ratio in higher education. To implement the B.S.C.C. scheme 2022, the government also established the Education Finance Corporation so that this student credit card scheme can be successfully run in the state.

Eligibility Criteria for availing the benefits of the scheme:

The applicant must be a permanent resident of the state of Bihar.
The educational institution where the student is from is recognized by the state or central government-related regulatory agency.
Students of any category, any religion, or any caste can apply.
If an applicant has passed and obtained a certain level of degree, then he/she cannot apply for a course of the same level. This provision will not be applicable for technical or managerial courses.
Under the Student Credit Card Scheme 2020, students will be given loans for higher education for general courses technical or professional programs.
Students of the state should be 12th pass under this scheme.

What are the advantages of the Bihar Student Credit Card Scheme?

You will get the subsequent benefits from this scheme –

Under the Bihar Student Credit Card (B.S.C.C.) In the scheme, a student can get a loan of up to Rs 4 lakh from the bank.
Under this scheme, no interest will be payable to the borrower.
Monetary assistance can be used to pay the fee, buy books, purchase laptops, etc.
The main thing is that the state government itself is the guarantee of the loan taken under this scheme.
Repayment begins once the course is complete and you secure a job.

Documents Required for Bihar Student Credit Card.

Identity proof, such as A.D.H.A.R. Card, Voter Card, Passport, etc.
Both 10th and 12th certificate and mark sheet
Proof of admission to Higher Educational Institution
2-2 photos of each of the student, parent, and guarantor
Proof of residence
Family Income Certificate
Form 16
Six months statement of parent’s bank account

How To Apply Online Bihar Student Credit Card Scheme

Visit https://www.7nishchay-yuvaupmission.bihar.gov.in/ for online application.
Submit the required details – name, email id, Aadhaar number, mobile number, etc., as per need.
Then enter the OTP sent on your mobile number and email I.D.
After the submission of the application along with the required documents, students will be given a unique identification number. This unique identification number will be sent on their mobile number as well as on email I.D.
Students will also get a soft copy of the submitted application form and a description of the required documents on their email I.D.
Information regarding the time and date for coming to the District Registration and Counselling Centre will be sent to the applicant through SMS and email. However, the applicant can submit the hard copy of the application form to the District Registration and Counselling Centre at his/her convenience.
On the prescribed date, an applicant will submit his application form with the required information in it and desired documents for an education loan to the D.R.C.C. of his district.
After self-signing on the PDF copy of the application, the applicant will come to D.R.C.C. on the prescribed date along with the application form with passport size photographs of the applicant and co-applicant in it and a self-attested photocopy of the desired documents.
The applicant will be given a token number at the entrance of the District Registration and Counselling Centre, based on which the applicant will enter the center. The applicant will wait in the waiting hall for his turn. The token number provided to the applicant will be displayed on the electronic display.
When the applicant’s number is flashed on the display board, he/she should go to the prescribed counter with all original documents, a self-attested photocopy of all documents, self-signed PDF copy of the application form, where the applicant’s identity will be certified.
The original certificates will be returned to the applicant after scanning, and the photocopy of the self-attested application and other documents will be deposited at the counter.
After the certification of the documents, the applicant will receive a receipt from the counter.
Any kind of correction and amendment in the application form will be done by the Multi-Purpose Assistant (M.P.A.) on the spot.

The objective of the Bihar Student Credit Card Scheme

The Bihar government wants to provide funding to students who require financial assistance for their higher studies and improve the literacy figures in the state. A large part of the students in the state drops out after 10th-12th because they lack financially.

The government wants to promote the talent present in the people of the state. By the year 2022, the target is to bring students across the state under the purview of this scheme.

How to check Bihar Student Credit Card Status?

Go to the Official Website https://www.7nishchay-yuvaupmission.bihar.gov.in/
Click on “Application Status”
Select either Registration ID or Aadhar Card Number.
Enter the number you have selected.
Now, enter Date of Birth and Captcha.
Finally, click on the “Submit” button.
Now you can see your application status on the screen.

Courses Under This Scheme for Approval of the Student Credit Card Yojana

There are many courses –

B.A/ B.Sc./ B.com (All Subject)
M.A/ M.Sc./ M.Com (All Subject)
Aalim
Shastri
BCA
MCA
B.SC (Information Technology/ Computer Application/ Computer Science)
B.Sc. (Agriculture)
B.Sc. (Library Science)
Bachelor of Hotel Management & Catering Technology
B.Tech/ B.E
Hotel Management & Catering Technology
Hospital and Hotel Management
Diploma in Hotel Management (3 Years) (I.H.M. Course)
Bachelor in Yoga (Entry Level +2)
B.Tech/ B.E/ B.Sc. (Engineering All Branches)
M.B.B.S.
B.Sc. Nursing
Bachelor of Pharmacy
Bachelor of Veterinary Medicine and Surgery (B.V.M.S.)
Diploma in Food Processing/ Food Production
Bachelor of Unani Medicine & Surgery (B.U.M.S.)
Bachelor of Homeopathic Medicine & Surgery (B.H.M.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
Bachelor of Ayurveda, Medicine, and Surgery (BAMS)
Diploma in Food & Beverage Services
B.A./B.Sc.-B.Ed. (Integrated Courses)
Bachelor of Business Administration (B.B.A.)
Bachelor of Dental Surgery (B.D.S.)
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

Education Loan for college kids under Student credit card Scheme

Bihar Govt has started Education Loan Waiver for college kids who are taking education loans from banks under the Student Credit Card(S.C.C.) Scheme. Under B.S.C.C. Scheme Loan Waiver for college kids, Govt had waived off student loans just in case the scholars failed to urge employment after completing their professional courses. On the other hand, if the scholars get employment, then he/she has got to repay the loan amount in 82 easy installments. Under the Bihar Student Credit Card scheme, class 12th pass-out students can take loans to pursue further technical or general education and build their careers. Previously on 7 March 2018, the government had formed Bihar State Education Finance Corporation (B.S.E.F.C.) for interest-free loan disbursement of up to 4 lakh Rupees to students.

The Bihar Govt is consistently emphasizing the importance of education and increasing awareness of it. The national Gross Enrolment Ratio (GRE) is 24%, whereas the enrolment ratio in Bihar is 13% which is quite low. But the State Govt wants to require it to be 30% and can later increase it to 35% and 40%. CM mentioned that the govt. Must take concrete steps towards women empowerment through education to women.

Under Bihar Student Credit Card Scheme, all the category 12th pass students can get loans for further education, whether it’s technical or general. Moreover, all the Matric (10th) pass students also can take power to finance their polytechnic studies. The education loan of up to Rs. 4 Lakh under the scheme is going to be provided with no interest. The loan is often utilized by the eligible students to pay the institutional fee, buy books, purchase computers, equipment, and other things. In addition to the present, this is often important to notice that the rate of interest is simply 1% for differently-abled, transgender, and feminine students.

Bihar Student Credit Card 2022