What the scheme offers
The Bihar Student Credit Card Scheme provides an education loan of up to ₹4 lakh to students of Bihar who have passed Class 12 and secured admission to a recognised higher education course. The loan is guaranteed by the Bihar government through the Bihar State Education Finance Corporation.
## Who is eligible
- Permanent resident of Bihar
- Passed Class 12 from a recognised board
- Admitted to a recognised institution for a degree, diploma or approved professional course
- Under 25 years of age at the time of application
## Interest and repayment
Interest is charged at a simple rate of 4% per annum, reduced to 1% for female, transgender and differently-abled students. Repayment begins after the course ends or once employment starts, whichever is earlier.
## Documents you will need
Aadhaar card, Class 10 and 12 marksheets, admission letter, fee structure from the institution, residence certificate, bank account details, and passport-size photographs of the applicant and a co-applicant.
## How to apply
Register on the Bihar Student Credit Card portal, complete the application, book a slot at your District Registration and Counselling Centre, and carry the original documents for verification. Our counsellors can help you assemble the paperwork and check whether your chosen course qualifies.
