Bihar Student Credit Card Scheme 2025 - Benefits, Eligibility, DRCC Process
What is the Bihar Student Credit Card Scheme?
Launched on 2nd October 2016 under the “7 Nishchay Yojana”, the Bihar Student Credit Card Scheme (BSCCY) empowers students of Bihar by offering education loans up to ₹4 lakh at subsidized interest rates, without the need for collateral or guarantor. It aims to reduce financial barriers to higher education and help youth pursue degrees in technical, general, medical, and professional streams.
Key Benefits of the Scheme
- 📌 Loan Limit: Up to ₹4 lakh for tuition, hostel, laptop, and study-related expenses
- 💸 Interest Rate: 4% for general; 1% or NIL for girls, transgender, and differently-abled students
- 🛡️ No Collateral: Loan is offered without security or guarantor
- ⏳ Flexible Repayment: Up to 15 years including moratorium (5-6 year)
- 🏦 Wide Course Coverage: UG, PG, engineering, medical, management, and vocational streams
Eligibility Criteria
To apply for BSCC, students must meet the following requirements:
- Must be a resident of Bihar
- Must have passed Class 12 from any board (Bihar/Other States)
- Must be admitted into a recognized higher education course in India
- Age up to 25 years (UG) and up to 30 years (PG/technical courses)
Documents Required
- Aadhaar Card and PAN Card
- 10th & 12th Marksheets
- Admission Letter with Fee Structure
- Residential and Income Proof (certificate or bank/ITR)
- Passport-size photos
- Bank Account Passbook (student or parent)
How to Apply for Bihar Student Credit Card (Online & Offline)
- Visit the official 7 Nishchay Yuva Portal.
- Register using Aadhaar number and verify via OTP.
- Login and choose “Bihar Student Credit Card Yojana”.
- Fill the application form and upload documents.
- You’ll receive an acknowledgment and a DRCC appointment.
- Visit the District Registration & Counseling Centre (DRCC) with original documents for verification.
- After approval, you’ll get the sanction letter and student credit card.
- Complete disbursal formalities at the bank mentioned in the letter.
Also Read: DRCC Approved College list
Repayment Process
The loan comes with a grace period and extended repayment tenure to reduce pressure on students:
- Moratorium: 1 year after course completion or 5 years from disbursement (whichever is earlier)
- Repayment Period: 5 to 7 years (depending on loan amount)
- Unemployed students: Can submit an affidavit every 6 months to pause EMI
- Early repayment rebate: 0.25% interest discount for early closure
Important FAQs
Q1. Can I use this loan for foreign education?
No, the scheme is only for courses offered by recognized Indian institutions.
Q2. How can I track my application status?
You can use your Registration ID or Aadhaar to check status on the official 7 Nishchay portal.
Q3. What if I do not get a job after the course?
You can submit an affidavit every 6 months at DRCC to avoid EMIs until employed.
Helpline Information
If you face any issues, reach out to:
- 📞 Toll-Free Helpline: 1800-3456-444
- 📱 Mobile App: Yuva Nishchay (Android/iOS)
- 🏢 Visit your DRCC office in your district for counseling and assistance
Conclusion
The Bihar Student Credit Card Scheme is a transformative step towards building an educated and self-reliant Bihar. With easy access to funds, low interest, and repayment flexibility, every eligible student should take advantage of this opportunity.
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