Bihar Student Credit Card / Education Support Scheme
Bihar State Education Finance Corporation (BSEFC), Government of Bihar · Bihar
| Scheme Name | Bihar Student Credit Card / Education Support Scheme |
| Provided By | Bihar State Education Finance Corporation (BSEFC), Government of Bihar |
| Eligibility Summary | Undergraduate, Postgraduate, Professional · Bihar residents · No income limit |
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+
The Bihar Student Credit Card Scheme offers an education loan of up to ₹4 Lakhs for pursuing higher education. This amount can be utilized to cover tuition fees, purchase books, stationery, laptops, and fund hostel or other related educational expenses. As per recent updates, the scheme offers interest-free loans for all categories of students. Repayment of the loan typically begins after the student completes their course and secures a job, with flexible repayment procedures. The entire loan amount up to ₹4 Lakhs is now provided solely through the Bihar State Education Finance Corporation (BSEFC). There is no specific mention of Direct Benefit Transfer (DBT) to Aadhaar-seeded accounts for the loan disbursement, rather the funds are disbursed to the educational institution.
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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 | 50% |
| 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
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Candidates are selected based on fulfilling specific eligibility criteria
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Applicants must be residents of Bihar, have passed the 12th standard (or 10th for polytechnic courses), and be admitted to an educational institution recognized by the relevant regulatory authority
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For general higher education courses, a minimum of 50% marks in the 12th standard is often required
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The application involves online registration, followed by a document verification and counseling process at the District Registration and Counseling Center (DRCC)
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After successful verification and bank processing, the loan is sanctioned.
Renewal Policy
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The Bihar Student Credit Card Scheme is designed to support students for the entire duration of their approved higher education course
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To continue availing the loan facility annually, students are generally expected to maintain satisfactory academic grades and successfully complete their course
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The loan disbursements are aligned with the course's requirements and progress, ensuring continuous financial support throughout the study period.
How to Apply Online
Applications are submitted online via Online. Complete eKYC, upload scanned documents, and submit before the closing date.
- 1Registration (New Applicant)
* Visit the official portal: [https://www.7nishchay-yuvaupmission.bihar.gov.in/](https://www.7nishchay-yuvaupmission.bihar.gov.in/). * Click on the 'New Applicant Registration' button. * Enter required details such as your full name (as per 10th board), email ID, mobile number, and Aadhaar number. * Click 'Send OTP' and then enter the One-Time Passwords received on your registered email ID and mobile number to confirm your details. * Click 'Submit'. You will receive login credentials (username and password) via email and SMS. **
- 2Application
* Return to the homepage and log in using your received username, password, and captcha code. * Complete the 'Personal Information Page' and click 'Submit'. * From the dashboard or 'Select Scheme' menu, choose 'Bihar Student Credit Card'. * Fill out the detailed application form, providing educational qualifications, financial information, and general details. * Upload scanned copies of all necessary documents, including Aadhaar Card, PAN Card, 10th & 12th mark sheets, residence certificate, income certificate, proof of admission, and bank passbook. * Review your application for accuracy and submit it. * Save the acknowledgment number generated upon successful submission. **
- 3DRCC Visit (Document Verification)
* After online submission, you will receive an SMS and email with an appointment date, time, and address for your nearest District Registration and Counseling Center (DRCC). * Visit the DRCC on the scheduled date with all original documents and their self-attested photocopies. * Your documents will be verified, and you may undergo counseling. * The DRCC will provide an acknowledgment receipt (Prapti Rashid) as proof of bank forwarding. * You will be informed via SMS/email when to collect your 'Student Credit Card' and loan sanction letter from DRCC. **
- 4Bank Formalities & Disbursement
* After collecting the 'Student Credit Card' and sanction letter from the DRCC, visit the concerned bank to complete further documentation formalities. * The bank will then disburse the approved loan amount to your educational institution. **
- 5Status Tracking
* Visit the official portal: [https://www.7nishchay-yuvaupmission.bihar.gov.in/](https://www.7nishchay-yuvaupmission.bihar.gov.in/). * Click on the 'Applicant Login' option on the homepage. * Enter your registration number/username, password, and mobile number. * Once logged in, navigate to the 'Track Application Status' section. * Enter your registered mobile number or application reference number and click 'Check Status'. * Alternatively, you can call the toll-free helpline number 1800 3456 444 or email info@7nishchay-yuvaupmission.bihar.gov.in for updates.
Common Questions (FAQs)
What is the maximum loan amount available under the Bihar Student Credit Card scheme and what expenses does it cover?
Under the Bihar Student Credit Card scheme, eligible students can avail an education loan of up to ₹4 Lakhs. This loan covers various educational expenses including tuition fees, the cost of books, stationery, and laptops, as well as hostel fees and other miscellaneous charges related to higher education.
What are the key eligibility criteria for applying for the Bihar Student Credit Card?
To be eligible, applicants must be permanent residents of Bihar and have passed their 12th standard examination (or 10th standard for polytechnic courses) from a recognized board or institution. For most higher education courses, a minimum of 50% marks in the 12th standard is required. The applicant's age should generally be between 18 and 25 years for undergraduate courses, with an upper limit of 30 years for postgraduate courses. Additionally, students must have secured admission to a higher education course at a recognized educational institution.
What is the interest rate for the loan, and when does the repayment begin?
As per the latest updates, the Bihar Student Credit Card scheme now offers interest-free loans to all eligible students. Repayment of the loan is flexible and typically begins after the student has successfully completed their course and has secured employment. This allows students to focus on their studies without the immediate burden of loan repayment.
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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.