1. Introduction to BSCCY
Bihar Student Credit Card Yojana (BSCCY) is a scheme of the Government of Bihar, which provides education loan facility of INR 4 lakh to eligible students to pursue higher education. It was started from 2 October, 2016 under the 7 Nishchay programmes and is managed by Nishchay Yuva Upmission. The scheme has been recently extended for five years by the government. The loan would be given to those students of Bihar who are willing to pursue their studies after 10+2, but are unable to pay the college fees. Keep in mind that this is a loan and not a scholarship and has to be paid back according to the rules of the scheme.
2. Objectives of the Scheme
Ensure that no Bihar student fails to pursue higher education due to money matters.
Provide financial aid for higher studies with Government Education Loan.
Pay for course costs, books, laptop, living and study costs as outlined in the scheme.
To increase the number of recognized colleges and approved courses for students from all backgrounds.
3. Key Benefits of the BSCC Scheme
The BSCCY Scheme offers the following key benefits:
Up to INR 4 lakh loan for higher education.
Flexible usage of course fees, books, laptop, living and studying cost.
Repayment begins 1 year from the completion of the course or after 6 months on a job, whichever occurs first.
Repayment period is long, loan up to INR 2 lakh is repayable for up to 7 years (84 instalments) and loan exceeding INR 2 lakh is repayable for up to 10 years (120 instalments).
4. Eligibility Criteria for BSCCY
Must be a resident (domicile) of Bihar.
Must have passed 12th class (10th Pass may apply for courses in polytechnic).
Admission/Selection must be in a recognised institution and an approved course.
Must be under 25 years (or 30 years for Post Graduate courses).
Ensure that Aadhaar, Mark sheets, proof of residence and admission details are ready for use for the application.
For the Polytechnic courses, 10th pass students can apply.
5. Loan Amount and Interest Rate
Maximum Loan | INR 4 Lakh |
|---|---|
Interest Rate | 4% simple interest yearly and 1% simple interest yearly for female, transgender and handicap |
Repayment Start | 1 year after course completion or 6 months after getting a job, whichever is earlier |
Repayment Period | Up to 7 years for loans up to ₹2 lakh, up to 10 years for loans above ₹2 lakh |
6. Documents Required
Applicants may need the following documents when applying:
Aadhaar card and PAN card, where applicable
Class 10 and Class 12 marksheets and certificates
Proof of Bihar residence
Admission letter or proof of admission
Approved course structure and fee schedule
Recent passport-size photographs
Bank account details and bank statements
Income and other supporting documents, as required by the authorities
The exact document list may vary according to the current application guidelines.
7. How to Apply for the Bihar Student Credit Card Scheme
Visit the official Bihar student scheme portal: 7 Nishchay Yuva Upmission Portal.
Complete the new applicant registration process.
Log in and fill out the application form with the required personal and educational details.
Upload the required documents and submit the application.
Follow the instructions for document verification at the designated DRCC (District Registration and Counselling Centre).
Complete the remaining formalities after the application and loan are approved.
The final sanction and disbursement depend on verification and the applicable loan process.
