Bihar Student Credit Card Yojana

Top features of the Bihar Student Credit Card Scheme include:

(i) This scheme is legitimate for those students who have cleared their intermediate or 12th-grade education from the Bihar Government-run educational institutions.

(ii) Under this scheme, students can get a loan amount of up to Rs. 4 Lakh.The loan amount can be utilized for pursuing education across technical, polytechnic, or general courses. Additionally, you can use the loan amount to fund the purchase of study materials like books, stationery, and a laptop, or to pay the fees.

(iii) The chargeable interest on this scheme is low at 4%. The interest rate is further lower for females, transgenders & disabled at 1%.

(iv) The scheme offers flexibility of payment, as students need to pay back the borrowed amount after they finish their course and get a job. For instance, if you enroll in the scheme for opting a BSC course of three years, you need not repay the loan during the three years you pursue the course.

*The limit on issuance of add-on credit cards may vary from one card issuer to another. 

The eligibility & documentation required to avail the Bihar Student Credit Card is as follows:

You can apply for a Bihar student credit card online, by following the below mentioned steps:

• Visit the official website of the Bihar Student Credit Card portal – MNSSBY.
• Navigate to option ‘New Applicant Registration’.
• Enter required details like your first name, email ID, Aadhar number, mobile number, etc.
• Now to confirm your details and complete your registration, click on the option ‘Send OTP’ and enter it as received on the email ID & mobile number. After entering the details, click on ‘Submit’.
• On successful completion of the above details, you will receive the login details via Email/SMS.
• Now visit the home page again and enter the login details including username, password, and captcha code. Click on ‘Login’ to Proceed.
• As part of the security process, you will be required to change & update your password, and re-login with the new password.
• On successful login, you will see a new page, where you need to enter and submit your personal details.
• Further, as visible on the dashboard, choose the ‘Bihar Student Credit Card’ option, under the ‘Select Scheme’ menu, and enter further details.
• On entering the financial and general details, click on ‘Submit’. On successful submission, you will receive an acknowledgment via email.

For any query related to the Bihar Student Credit Card Yojana, you can call on the helpline number: 1800 3456 444. Alternatively, you can also send an email to spmubscc@bihar.gov.in.

Alternatively if you are above 18 and have a stable source of income, you can apply for a Credit Card that best suits your spending patterns and extend the benefits to students via an add-on card. Apply Now!

Who is eligible for a Student Credit Card in Bihar?
Some of the eligibility requirements for Bihar Student Credit are include, you must be a resident of Bihar; aged 25 years or above; must have completed and passed the 12th class; must have enrolled or been selected for a higher education course at a recognized educational institution.

What is the interest rate of Bihar Student Credit Card?
The interest rate for Bihar Student Credit Card is 4%. Additionally, there is an applicable concessional rate of 1% for females, transgenders & disabled individuals. Under this scheme, the interest is calculated on a simple interest basis.

Can I buy laptop with Bihar student credit card?
Yes, you can buy a laptop with Bihar Student Credit Card. In general, you can use the credit card to fund your study materials, books, and stationeries, or even to pay your education fees.