The Bihar government is in news for coming up with an ingenious scheme to get more students to enrol for graduate or equivalent level courses across the state. To do this, the Nitish Kumar-led administration has come up with a novel Student Credit Card scheme, which will help students receive the much-needed education.
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.
The eligibility criteria that must be met to apply for the Bihar Student Credit Card are mentioned below:
The main benefits and features of the MNSSBY Bihar Student Credit Card Yojana are mentioned below:
The list of documents that must be submitted to avail the Bihar Student Credit Card is mentioned below:
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.
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.
Yes, you need to be at least 25 years old to be eligible for 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.
You have to visit this website: https://www.7nishchay-yuvaupmission.bihar.gov.in/
Yes, you have to submit Form 16 and an income certificate.
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.
In case of any issues or queries, you can call 1800 3456 444.
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