Bihar Credit Card Loan Scheme
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About The Program
Bihar Credit Card Loan Scheme is an initiative of the Bihar Government that offers education loans up to ₹4,00,000 at a maximum simple interest rate of 4% to students who have completed either Class 10 (for polytechnic courses) or Class 12. While female applicants, Persons with Disabilities (PwD), and transgender candidates are eligible for the loan at a reduced interest rate of 1%. This scheme enables students to pursue their academic goals without financial constraints.
Under the scheme, the Bihar State Education Finance Corporation will be involved in providing a guarantee against the education loan offered to students. This education loan will cover both living expenses associated with education and tuition fees of the institution including hostel fees. Additionally, where hostel facilities are unavailable, the loan can also be used to cover the cost of rented accommodation.
The Bihar Student Credit Card Scheme was launched in 2016. It is a part of Aarthik Hal, Yuvaon Ko Bal, one of the programs within the 7 Nishchay Program Scheme under the Bihar Vikas Mission.
Contact Us
In case of any queries, please reach out to:
1800 3456 444 (Monday to Friday - 10:00AM to 06:00 PM (IST))
spmubscc@bihar.gov.in
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