Bihar Student Credit Card Scheme (BSCC)

The Bihar Student Credit Card Scheme (BSCCS) is one of the most impactful initiatives launched by the Government of Bihar under the visionary program “Saat Nischay Yojana” (Seven Resolves). Introduced on 2nd October 2016, this scheme aims to ensure that no student from Bihar is deprived of higher education due to financial constraints.

Through the Bihar Student Credit Card, eligible students can avail of education loans up to ₹4 lakh to pursue higher studies after the 12th grade in recognized institutions across India. The loan covers tuition fees, book costs, equipment, hostel expenses, and other educational needs, helping students focus entirely on their education rather than financial stress.

The scheme is primarily managed through the Education Department, Planning & Development Department, and Labor Resource Department of the Bihar government. The District Registration and Counseling Centers (DRCCs) act as nodal points where applications are verified and processed.

Table of Contents

• Overview of Bihar Student Credit Card Scheme
• Key Objectives of the Scheme
• Benefits of Bihar Student Credit Card Scheme
• FAQs on Bihar Student Credit Card Scheme
   

Key Highlights

This initiative has transformed thousands of students’ lives, empowering them to pursue degrees in engineering, medicine, management, arts, and science — all without the burden of financial instability.

Key Objectives of the Scheme

The Bihar Student Credit Card Scheme was launched with several visionary objectives focused on improving the education landscape of Bihar and promoting inclusive growth. The core purpose is to bridge the financial gap between ambition and opportunity for young students.

Main Objectives

1. Promote Higher Education
    To encourage students to pursue higher studies beyond Class 12 without worrying about financial challenges.
    
2. Reduce Dropout Rate
    To minimize the number of students discontinuing studies due to lack of funds.
    
3. Empower Youth Economically
    By providing easy access to credit for education, the scheme makes students self-reliant and job-ready.
    
4. Equal Opportunity for All
    The scheme ensures that students from economically weaker backgrounds receive the same opportunities as others.
    
5. Support Government’s Skill Development Vision
    It aligns with Bihar’s goal of producing skilled, employable youth who can contribute to the state’s economy.
    
6. Encourage Enrollment in Professional Courses
    It motivates students to pursue demanding and career-oriented courses like engineering, medicine, MBA, and more.

 In Short

The Bihar Student Credit Card Scheme is not just a financial aid program; it’s a social upliftment mission designed to help every ambitious student of Bihar achieve their dreams, regardless of their financial background.

Benefits of Bihar Student Credit Card Scheme

The BSCCS provides multiple benefits that make it a lifeline for Bihar’s students who aspire to pursue higher education.

Below are the top benefits of the scheme explained in detail:

1. Substantial Financial Support

Students can avail loans up to ₹4,00,000 for higher education in recognized institutions across India. The amount can be used for tuition fees, books, laptops, uniforms, examination fees, and other educational expenses.

2. Minimal Interest Rate

• 4% interest rate for male students
   
• 1% interest rate for female and transgender students
   
• The government pays the interest while the student is studying and during the moratorium period (course duration + 1 year).
   

3. No Collateral Required

Unlike traditional bank loans, the BSCC scheme doesn’t require any collateral or guarantor, as the government acts as the guarantor.

4. Easy and Transparent Application Process

Applications can be filled online through the official portal, and all processes are monitored by the District Registration and Counseling Center (DRCC) for fair verification.

5. Long Repayment Tenure

The repayment period extends up to 15 years, giving students ample time to settle their loans comfortably after starting their careers.

6. Inclusive for All Streams

Whether you’re studying arts, science, commerce, technical, or vocational courses, the scheme covers almost all recognized programs.

Summary Table of Benefits

FAQs on Bihar Student Credit Card Scheme

Q1. What is the Bihar Student Credit Card Scheme?
 The BSCCS is a government initiative that provides education loans up to ₹4 lakh to Bihar students for pursuing higher studies after Class 12.

Q2. Who launched this scheme and when?
 The Government of Bihar launched it on 2nd October 2016 under the “Saat Nischay Yojana.”

Q3. How much loan can a student get under BSCC?
 Eligible students can avail up to ₹4 lakh for higher education in recognized institutions.

Q4. Is there any interest during the study period?
 No. The Bihar government pays the interest during the course duration and moratorium period.

Q5. Is collateral security required?
 No. The government acts as the guarantor, so students don’t need to provide any collateral.

Q6. Where can students apply for BSCC?
 Applications can be submitted online via the official website 7nishchay-yuvaupmission.bihar.gov.in.

Q7. Who is eligible for the scheme?
 Students who are permanent residents of Bihar, have passed Class 12, and have taken admission in recognized higher education institutions are eligible.