Documents Required for the Bihar Student Credit Card Scheme

The following documents are required for the Bihar Student Credit Card Yojana 2025 –

• Mark Sheet of 10th and 12th Class
• Residential Certificate of the candidate
• Detailed Document of Fee for Higher Education, issued by the Institute.
• Selection Certificate from the recognized Institute for Higher Education
• PAN Card
• Self-Attested Copies of the application form with passport-size photographs
• Last 6 months bank statement of your parent’s
• Income Tax Return of the last two years
• Other Identification Documents such as Aadhaar Card/Voter ID Card/Passport/ Driving License etc.

Loan Approval Process for Bihar Student Credit Card Card

After submitting all the documents successfully, the Government then verifies all the documents. The BSCC Credit Card verification process takes around 10 to 15 days after receiving the documents from the student. Thereafter, the successful verification of the documents, the details are then transferred to the banks which then approve or disapprove the loan.

However, the approval and disapproval of the loan are shared by the banks through SMS on registered mobile number shared at the process of form filling. So, once, the loan is approved, the applicant has to visit the bank branch to complete the rest of the formalities.

Interest Rates of MNSSBY Bihar Student Credit Card

The Interest Rates for the Bihar Student Credit Card Yojana vary with the banks. Earlier, the Interest Rate of Canara Bank was 12% and Madhya Bihar Gramin Bank was 12.5% per year. But according to the latest information, the Bihar Government is providing loan at 4% simple interest. However, 1% is for the women, PWD, and transgender, through “Bihar Student Education Finance Corporation”.

Moreover, no interest is applicable for the course duration of 4 years (B.Tech) plus an additional year. Therefore, you need to pay your loan after 5 years of admission to the course in installments. However, you can also extend the deadline, by informing the DRCC. All you have to do is write an application form twice a year (July and December).

Highlights of Bihar Student Credit Card Yojana 2026

Features and Benefits of Student Credit Card :-

• Fee payable to college++/ school/ hostel*
• Examination/ Library/ Laboratory fee
• Insurance premium for student borrower
• Caution deposit, Building fund / refundable deposit supported by Institution bills/receipts. **
• Purchase of books/ equipment / instruments / uniforms**
• Purchase of computer at reasonable cost, if required for completion of the course**
• Any other expense required to complete the course - like study tours, project work, thesis, etc.**
• While computing the loan required, scholarships, fee waiver etc., if any available to the student borrower may be taken into account. If the scholarship component is included in the loan assessment, it may be ensured that the scholarship amount gets credited to the loan account when received from the Government.

Notes: ++ For courses under Management quota seats considered under the scheme, fees as approved by the State Government/Government approved regulatory body for payment seats will be taken, subject to viability of repayment.

* In case hostel facility is not available, on production of certificate to the effect by the institute, living expenses (expenses incurred by student borrower towards lodging and boarding) will be reimbursed as per category of the city provided in Annexure II and Standard rates for different category of cities provided in Annexure III.

** These expenses could be considered subject to the condition that the amount does not exceed 20% of the total tuition fees for the entire course

Eligibility criteria For Bihar Student Credit Card Scheme:

• Should be an Indian national.
• Should be resident of Bihar with Maximum age of 25 Years.
• Intermediate exam passed student from Institutions recognized from Bihar School Exam Committee, 12th passed student from Institution recognised by Central Board of Secondary Education or Equivalent boards, Sub-Shastri passed students from Institutions recognized by Bihar State Sanskrit Education Board and Moulvi passed student from recognized Institute by Bihar State Madarsa Board will also be facilitated under this scheme. These Educational Institutes must compulsorily be located /situated in Bihar.
• If applicant is a degree holder of one level he will not be covered for degree of the same level under this scheme. This will not be applicable to technical and management courses. For instance, under this scheme, the loan shall not be provided to science graduate degree holder for pursuing graduate level courses for studying again in any other Faculty of Arts, Science or Commerce. But will be eligible for pursuing higher education under courses like MBA or MCA.
• CIBIL score of the student shall be more than or equal to 700. In case CIBIL score is lower than 700 it will be sanctioned by next higher authority.
• Student should have been enrolled or selected for enrolment for pursuing higher education in the educational institutions recognized by concerned regulatory boards/ agencies of Bihar Govt. or other state Govts. or Central Govt.
• Loan application will be received only if student have UID or Aadhar Card Number.
• Loan will be disbursed only for students having valid Permanent Account Number (PAN Card)Institutes Eligible for Studies:
• Educational institutions recognized by concerned regulatory boards/ agencies of Bihar Govt. or other State Govts. or Central Govt.