Government Scholarship · Undergraduate, Postgraduate, Professional

Bihar Student Credit Card / Education Support Scheme

Q: What is the interest rate under this scheme?

The interest rate is highly subsidized at 1% per annum. For female, transgender, and disabled students, it is further reduced to 0%.

Q: What is the maximum loan limit?

Students can secure a loan up to ₹4 Lakhs for tuition fees, hostel, books, and living expenses.

Q: Is DRCC visit mandatory?

Yes, visiting the DRCC (District Registration and Counseling Center) with original documents is mandatory for physical verification.

Bihar State Education Finance Corporation (BSEFC), Government of Bihar · Bihar

Annual Award₹4.0 Lakh+

DeadlineOpen Year-Round

Scheme Name	Bihar Student Credit Card / Education Support Scheme
Provided By	Bihar State Education Finance Corporation (BSEFC), Government of Bihar
Eligibility Summary	Class 11-12, Graduation, Engineering (< ₹8L Income)

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About the Program

Apply for the Bihar Student Credit Card (MNSSY). Learn about DRCC verification, subsidized interest rates (1% for boys, 0% for girls), and loan limits (up to ₹4 Lakhs).

Benefits & Financial Support

₹4.0 Lakh+

Provides educational loans up to ₹4 Lakhs at a highly subsidized interest rate of 1% (0% for girls and disabled) for higher studies.

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Subsidized education loan up to ₹4 Lakhs.
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Interest rate of 1% for boys, and 0% for girls, transgender, and disabled students.

Note: Requires co-applicant (typically parent) and physical verification at DRCC.

Eligibility Criteria & Income Limit

Education Level	Undergraduate, Postgraduate, Professional
Course / Stream	All Streams
Minimum Marks	33%
Income Limit	No income bar
Category / Caste	General, OBC, SC, ST, EWS
Domicile State	Bihar

Mandatory Documents Checklist

✓* Class 10 and 12 Passed Marksheets
✓* Admission Letter from recognized higher education institution
✓* Detailed Fee Structure of the course
✓* Aadhaar Card of student and co-applicant
✓* Domicile Certificate of Bihar

Selection Process

Based on admission in recognized institutions in India, Bihar domicile, and passing intermediate exams.

Renewal Policy

Required each year by submitting passing semester transcripts and institutional bonafide on the portal.

How to Apply Online

Applications are submitted online via Online. Complete eKYC, upload scanned documents, and submit before the closing date.

1
Access Portal
Go to the official MNSSY portal at [7nishchay-yuvaupmission.bihar.gov.in](https://www.7nishchay-yuvaupmission.bihar.gov.in/).
2
Register/Login
Register using Aadhaar and mobile verification. Choose "Student Credit Card Scheme".
3
Enter details
Input student profile, course fee structure, and details of co-applicant.
4
DRCC center visit
Schedule an appointment and visit the District Registration and Counseling Center (DRCC) with original documents.
5
Loan approval
The loan is approved and disbursed in installments directly to the college bank account.

Common Questions (FAQs)

What is the interest rate under this scheme?

The interest rate is highly subsidized at 1% per annum. For female, transgender, and disabled students, it is further reduced to 0%.

For Undergraduate In Bihar For General Income coverage Government listings

Legal Disclaimer

IndiaScholarships.in attempts to provide accurate information manually curated from official sources. Scholarship details, timelines, and eligibility can change without notice as per the provider's discretion. Applying for a scholarship does not guarantee selection. Always verify all information on the official Bihar State Education Finance Corporation (BSEFC), Government of Bihar website before final submission.