Higher education is one of the most powerful tools for shaping a successful future. But for many students in Bihar, financial difficulties often force them to give up their academic dreams. Professional courses like engineering, nursing, medical, management, B.Sc, B.Com, and even vocational programs have become expensive over the years. To solve this growing challenge, the government introduced the Student credit card scheme Bihar—a student-friendly loan initiative that provides up to ₹4 lakh for higher studies.
This complete guide explains everything about the scheme, including eligibility, benefits, documents, repayment, common mistakes, and student experiences. Whether you are a parent or student, this article will help you understand and use the scheme confidently.
Education expenses in India have increased rapidly, especially in courses like:
Additionally, students must manage hostel fees, books, stationery, travel, and exam charges, making education difficult for financially weaker families.
Each year, thousands of talented students pause their education because they cannot afford college fees. Many are forced to choose low-fee courses that do not match their interests. This reduces career opportunities and affects long-term growth.
Normal bank loans usually require:
Most families in Bihar cannot fulfill these requirements.
The Student credit card scheme Bihar is a government-backed education loan initiative that provides up to ₹4 lakh for higher studies after Class 12. The goal is simple: "No student should stop studying because of money."
Any Bihar resident who wants to pursue a recognized higher education course can apply.
The loan covers all essential educational expenses, including:
Students enjoy zero interest if they follow the repayment rules after completing their course.
Students don’t need land papers, property proof, or security deposits. The government acts as the guarantor.
Funds go directly to the institution, ensuring transparency.
Applicants must be permanent residents of Bihar.
The institution must be recognized by government authorities.
Students can explore more course options on: https://merishiksha.org
Students register on the official portal using:
A login ID and password are generated.
Students must enter:
Clear, readable documents must be uploaded.
At DRC, students complete:
The bank checks eligibility and approves the loan.
Covers full course fees.
Includes:
Students begin repayment only after completing their course.
A grace period is offered before EMI begins, ensuring financial stability.
Thousands of students have benefited from the Student credit card scheme Bihar. Many who once struggled financially are now pursuing engineering, nursing, computer science, hotel management, and commerce degrees. Families feel relieved, and students feel confident about their future.
It is a government-supported loan scheme providing up to ₹4 lakh for higher studies. Any Bihar resident who has completed Class 12 and taken admission in a recognized institution can apply. The scheme helps students who face financial challenges. It ensures that no student leaves education due to lack of money.
Yes, the loan is interest-free if students start repayment within the grace period and follow the rules. The government pays the interest during this time. This makes the scheme much more affordable than private loans. Students must complete formalities on time to maintain the benefit.
Yes, students can study anywhere in India if the course and institution are recognized. The scheme does not limit state boundaries. Many students use it to join top colleges nationwide. Proper documents and admission proof are required.
The scheme covers tuition, hostel charges, books, exam fees, and laptop purchases. It also includes academic materials and training fees. The goal is to support every essential educational need. Funds are paid directly to the institution.
Repayment begins only after the course is completed and the grace period ends. Students get enough time to find a job before EMIs start. This makes repayment comfortable for new graduates. During the study period, students pay nothing.
Yes, ITI, polytechnic, diploma, and vocational programs are fully eligible. The scheme promotes job-oriented education. Courses must be recognized by relevant authorities. Students can check eligibility on official websites.
Students should contact their District Registration Center immediately. Most delays occur due to missing or unclear documents. Updating corrections quickly helps speed up approval. Regularly checking SMS and email alerts is important.
No, students don’t need any collateral or property papers. The government is the guarantor for every applicant. This removes the biggest obstacle for middle and lower-income families. Only basic ID and educational documents are required.