MNSSBY Bihar Student Credit Card

The Bihar Student Credit Card Yojana is a loan scheme that was introduced in 2016 with the main aim of helping students pay their college fees. Students who have completed the 12th standard, can avail a loan of up to Rs.4 lakh at affordable interest rates. Students can opt for a loan to finance courses such as B.Tech, M.B.B.S., B.Sc., and B.A.

Eligibility Criteria for MNSSBY Bihar Student Credit Card

The eligibility criteria that must be met to apply for the Bihar Student Credit Card are mentioned below:

• You must be a Bihar resident.
• You should be at least 25 years old.
• You must have passed 12th standard.
• You must seek a course at an authorised institute.
• The course must be completed in its entirety.

Benefits and Features of the MNSSBY Bihar Student Credit Card Yojana

The main benefits and features of the MNSSBY Bihar Student Credit Card Yojana are mentioned below:

• The maximum amount of loan that can be availed is Rs.4 lakh.
• You can avail the loan for technical, polytechnic, and general courses.
• If you want to buy laptops, books, or pay the fees, monetary assistance can be taken.
• You will have to start repaying the loan only once the course has been completed and you have secured a job.
• In the case of divyang, transgender, and girl students, the rate of interest may be as low as 1%.
• The recovery procedures are not very strict since the loan is government-owned. In certain cases, the balance may be waived off by the government.

Documents Required for Bihar Student Credit Card

The list of documents that must be submitted to avail the Bihar Student Credit Card is mentioned below:

• Duly filled common application form
• PAN card of the co-applicant and the applicant
• Copies of letters granting scholarship
• Approved course structure
• Fee schedule
• Income certificate from previous year/Form 16
• Bank statement for last six months
• Tax receipt
• Aadhaar card of the co-applicant and the applicant
• 10th and 12th standard marks cards of the applicant
• Admission proof
• Photographs of the student/parents/guarantor - 2
• Income tax returns for last two years
• Address proof

Process to Apply for the Bihar Student Credit Card Online

The step-by-step procedure to apply for the MNSSBY Student Credit Card online is mentioned below:

Step 1: Visit the official website of MNSSBY (https://www.7nishchay-yuvaupmission.bihar.gov.in/).

Step 2: On the main page, you will find the 'New Applicant Registration' option, click on it.

Step 3: Next, you must enter your first name, middle name, last name, email ID, Aadhaar number, and mobile number.

Step 4: Click on 'Send OTP'.

Step 5: Enter the OTP that you have received on your email ID and mobile number. Click on 'Submit'

Step 6: The registration process is complete once the above step has been completed. You will receive the login details via email and SMS.

Step 7: Go to the official website of MNSSBY.

Step 8: Enter the username, password, and captcha details. Click on 'Login'.

Step 9: You will need to change the password and complete the login process again with the new password.

Step 10: On the next page, your personal details must be entered.

Step 11: Click on 'Submit'.

Step 12: Under the 'Select Scheme' menu, choose the 'Bihar Student Credit Card' option.

Step 13: The applicant's and the co-applicant's personal details must be entered next.

Step 14: Once the financial and general details have been entered, click on 'Submit'.

Step 15: You will receive an acknowledgement via email, make a note of the same.

The Bihar Student Credit Card is very different from any other conventional credit cards that are provided by banks and Non-Banking Financial Institutions (NBFCs). The main aim of the credit card is to provide finance for education, therefore, it cannot be used for different purposes as a normal credit card.

Bihar Student Credit Card College List

Students at certain colleges are eligible for the MNSSBY Bihar student credit card. All students who qualify for this program will have access to credit at a 0% interest rate. You will be eligible for 0% interest-rate financing under this program, up to a maximum of Rs.4 lakh. You can simply apply for diploma courses and degree courses with this credit. After you finish your course, you can pay back this credit. However, you cannot apply for this credit until you have successfully completed your 12th class.

Click here to view the eligible colleges for the Bihar Student Credit Card.

Click here to check the eligible courses for the Bihar Student Credit Card Scheme.

FAQs on MNSSBY Bihar Student Credit Card

1. Are there any age criteria that I need to meet in order to be eligible for the MNSSBY Bihar Student Credit Card Yojana?

   Yes, you need to be at least 25 years old to be eligible for the MNSSBY Bihar Student Credit Card Yojana.

2. How much loan can I get under the MNSSBY Bihar Student Credit Card Yojana?

   You can get a maximum amount of Rs.4 lakh as loan under the MNSSBY Bihar Student Credit Card Yojana.

3. Which is the official website I need to visit to apply for the MNSSBY Bihar Student Credit Card Yojana?

   You have to visit this website: https://www.7nishchay-yuvaupmission.bihar.gov.in/

4. Are there income proof documents I need to submit?

   Yes, you have to submit Form 16 and an income certificate.

5. How can I check my Bihar student credit card status?

   You may check the status of your Bihar student credit card online by going to https://www.7nishchay-yuvaupmission.bihar.gov.in/ and entering your registration number/Aadhaar number as well as your date of birth. You will be able to view the status of your Bihar student credit card application after submission.

6. Whom should I contact if I have any query related to my Bihar student credit card?

   In case of any issues or queries, you can call 1800 3456 444.