Student Credit Card Yojana is an education loan scheme implemented by the Bihar State Education Finance Corporation (BSEFC) under the 7 Nishchay programme of the Government of Bihar. The scheme provides an education loan of up to Rs. 4 lakh at a simple interest rate of 4% for general students and 1% for women, differently abled, and transgender students pursuing currently approved higher education courses.
Bihar Student Credit Card Yojana Highlights | |
|---|---|
| Scheme Name | Student Credit Card Yojana (BSCC) |
| Launched | 2 October 2016 |
| Flagship Programme | 7 Nishchay – Aarthik Hal, Yuvaon Ko Bal |
| Implementing Agency | Bihar State Education Finance Corporation (BSEFC) |
| Maximum Loan Amount | Rs. 4 lakh |
| Interest Rate (General) | 4% Simple Interest |
| Interest Rate (Women, Differently Abled & Transgender) | 1% Simple Interest |
| Collateral Requirement | No collateral required. The Government of Bihar acts as the guarantor. |
| Moratorium Period | Course duration plus 1 year after course completion or 6 months after getting employment, whichever is earlier |
| Repayment Period | Up to 84 monthly instalments (7 years) |
| Maximum Age | 25 years at the time of application |
| Minimum Qualification | Class 12 or equivalent from a recognised institution in Bihar or a notified border state |
| Currently Approved Courses | 42 higher education courses, including BA, BSc, BCom, BTech, MBBS, MBA, LLB, Nursing, Pharmacy, Polytechnic, and more |
| Management Quota | Students admitted under the management quota after 27 December 2018 are not eligible |
| Application Mode | Online |
| Official Portal | 7nishchay-yuvaupmission.bihar.gov.in |
| Application Status | Check Status Online |
| Institution Eligibility Check | bsccbihar-iiqa.bihar.gov.in |
| Toll Free Helpline | 1800 3456 444 |
Introduction of Student Credit Card Yojana: A Brief Insight
Every year, thousands of students in Bihar complete Class 12 with dreams of becoming engineers, doctors, lawyers, teachers, and other professionals. However, many are unable to continue their higher education because their families cannot afford college fees and other educational expenses. To help such students, the Government of Bihar launched the Student Credit Card Yojana on 2 October 2016 under its 7 Nishchay programme, “Aarthik Hal, Yuvaon Ko Bal.”
Under this scheme, eligible students can get an education loan of up to Rs. 4 lakh to pursue approved higher education courses. The loan carries a simple interest rate of 4% for general category students and only 1% for women, differently abled, and transgender applicants. Since the Government of Bihar acts as the guarantor, students do not need to provide collateral security or a third-party guarantee.
The loan can be used to cover tuition fees, hostel charges, books, study materials, laptops, examination fees, and other approved educational expenses. Repayment starts after the moratorium period prescribed under the scheme, allowing students to complete their education before beginning loan repayment.
Students who are up to 25 years of age and have passed Class 12 or an equivalent examination from a recognised institution in Bihar or a notified border state can apply, subject to the scheme guidelines. The scheme currently covers 42 approved higher education courses, including MBBS, BTech, MBA, LLB, Nursing, Pharmacy, Polytechnic, BA, BSc, BCom, and several other professional and academic programmes.
The application process is completely online through the 7 Nishchay Yuva Upmission Portal. After submitting the online application, students must visit their nearest District Registration and Counselling Centre (DRCC) with the required documents for verification before the loan is processed.
Students can also explore other government initiatives that support education, skill development, and employment. Those looking for internship opportunities after graduation can check the Pradhan Mantri Internship Yojana.
Students who want to improve their employability through free skill training can explore the Pradhan Mantri Kaushal Vikas Yojana. Young people searching for financial support while looking for employment can also check the Mukhyamantri Nishchay Swayam Sahayata Bhatta Yojana.
For more education, employment, and youth welfare initiatives, visit our Bihar Government Welfare Schemes page.
Benefits Provided to Eligible Beneficiaries
The Bihar State Education Finance Corporation (BSEFC) provides the following financial assistance to eligible students under the Student Credit Card Yojana:
- Education loan of up to Rs. 4 lakh for approved higher education courses.
- Simple interest rate of 4% for general category students.
- Simple interest rate of 1% for women, differently abled, and transgender students.
- No collateral security or third-party guarantee is required, as the Government of Bihar acts as the guarantor.
- The moratorium period extends until 1 year after course completion or 6 months after getting employment, whichever is earlier.
- Loan repayment can be completed in a maximum of 84 monthly instalments (7 years) after the moratorium period.
Expenses Covered Under the Loan
- Tuition and other academic fees are payable to the educational institution.
- Hostel charges or approved accommodation expenses.
- Books, study materials, laptop, equipment, and other approved educational expenses.
- Living expenses, wherever permitted under the scheme guidelines.
Eligibility Conditions Required to be Fulfilled
Students must satisfy the following eligibility conditions to apply under the Student Credit Card Yojana of the Bihar Government:
- Must be a permanent resident of Bihar.
- Must have passed Class 12 or an equivalent examination from a recognised institution in Bihar or a notified border state.
- Must have secured admission or be selected for admission to an approved higher education institution recognised by the concerned regulatory authority.
- Must not be more than 25 years of age at the time of application.
- For post-graduation, the maximum age is 30 years.
- Must not be in regular employment at the time of applying for the loan.
- Must fulfil all other conditions prescribed by the Bihar State Education Finance Corporation (BSEFC).
Who Is Not Eligible
- Students admitted under the management quota after 27 December 2018.
- Applicants above 25 years of age at the time of application.
- Applicants who are in regular employment.
- Applicants who are not permanent residents of Bihar.
- Applicants who do not satisfy the eligibility conditions prescribed under the scheme.
Documents Required to be Attached
Applicants should keep the following documents ready before submitting the online application through the 7 Nishchay Yuva Upmission Portal and while visiting the District Registration and Counselling Centre (DRCC) for document verification:
- Aadhaar Card of the applicant and co-applicant.
- PAN Card of the co-applicant and applicant, wherever applicable.
- Class 10 and Class 12 mark sheets and certificates.
- Admission letter or a bona fide certificate issued by the educational institution.
- Course structure and fee details issued by the institution.
- Recent passport-size photographs of the applicant and co-applicant.
- Income proof of the co-applicant, wherever applicable.
- Bank account details and recent bank statement, wherever required.
- Residence Certificate issued by the competent authority in Bihar.
- Any other document required by the Bihar State Education Finance Corporation (BSEFC) during verification.
Applicants should carry both the original documents and self-attested photocopies while visiting the DRCC for verification. Additional documents may be requested depending on the applicant’s course, institution, or individual case.
How Beneficiaries Can Apply to Avail the Benefit of this Scheme
Applications under the Student Credit Card Yojana are accepted online through the 7 Nishchay Yuva Upmission Portal. After submitting the online application, applicants must visit the District Registration and Counselling Centre (DRCC) for document verification before the loan is processed.
Step 1: Visit the 7 Nishchay Yuva Upmission Portal and click on New User Registration. Enter your name, mobile number, and email address, then complete the OTP verification to create your account.
Step 2: Log in using the credentials sent to your registered mobile number and email ID. Change your password and sign in again to access the application dashboard.
Step 3: Complete your personal details and select Student Credit Card Yojana from the list of available schemes.
Step 4: Fill in the application form with your personal details, co-applicant information, educational qualification, admission details, course information, institution details, loan requirement, and other required information. You can save the application as a draft and complete it later.
Step 5: Review all the information carefully before submitting the form. Once submitted, the details cannot be edited. Download or print the acknowledgement receipt for future reference. Your Registration ID will also be sent through SMS and email.
Step 6: After submission, the DRCC will schedule your document verification appointment. Visit your allotted District Registration and Counselling Centre (DRCC) on the scheduled date with the original documents and self-attested photocopies. You can find your district’s DRCC details at 7 Nishchay DRCC Contact Directory.
Step 7: At the DRCC, officials will verify your Aadhaar details, check your documents, scan the required records, and capture your photograph. After successful verification, you will receive an acknowledgement.
Step 8: The application is then verified by the concerned DRCC officials and forwarded for further scrutiny. After successful verification, it is sent to the concerned bank for loan processing.
Step 9: Once the bank approves the loan, the sanction letter is uploaded to the portal and you will receive an SMS asking you to visit the DRCC to collect the sanction letter and further instructions.
Step 10: Complete the remaining formalities with the bank. After successful completion of the process, the loan amount is released according to the approved loan components. Tuition fees are paid directly to the educational institution, while other eligible expenses are disbursed as permitted under the scheme guidelines.
You can check your application status anytime through the Application Status Portal. For assistance, call the toll-free helpline on 1800 3456 444.
Currently Approved Courses Under Student Credit Card Yojana
| Course Name |
|---|
| B.A. / B.Sc. / B.Com. (All Subjects) |
| M.A. / M.Sc. / M.Com. (All Subjects) |
| Aalim |
| Shashtri |
| B.C.A. |
| M.C.A. |
| B.Sc. (IT / Computer Application / Computer Science) |
| B.Sc. (Agriculture) |
| B.Sc. (Library Science) |
| Bachelor of Hotel Management and Catering Technology (BHMCT) |
| B.Tech / B.E. (Lateral Entry for 3 Year Diploma Holders) |
| Hotel Management and Catering Technology |
| Hospital and Hotel Management |
| Diploma in Hotel Management (3-Year IHM Course) |
| Bachelor in Yoga |
| B.Tech / B.E. / B.Sc. (Engineering – All Branches) |
| MBBS |
| B.Sc. Nursing |
| Bachelor of Pharmacy |
| Bachelor of Veterinary Medicine and Surgery (BVMS) |
| Bachelor of Ayurveda, Medicine and Surgery (BAMS) |
| Bachelor of Unani Medicine and Surgery (BUMS) |
| Bachelor of Homoeopathic Medicine and Surgery (BHMS) |
| Bachelor of Dental Surgery (BDS) |
| General Nursing and Midwifery (GNM) |
| Bachelor of Physiotherapy |
| Bachelor of Occupational Therapy |
| Diploma in Food, Nutrition and Dietetics |
| Bachelor of Mass Communication / Mass Media / Journalism |
| B.Sc. in Fashion Technology / Designing / Apparel Designing / Footwear Designing |
| Bachelor of Architecture |
| Bachelor of Physical Education (B.P.Ed.) |
| Integrated M.Sc. / M.Tech. Course |
| Diploma in Food Processing / Food Production |
| Diploma in Food and Beverage Services |
| Integrated B.A. B.Ed. / B.Sc. B.Ed. |
| Bachelor of Business Administration (BBA) |
| Master of Business Administration (MBA) |
| Bachelor of Fine Arts (BFA) |
| Integrated 5 Year BL / LLB |
| Degree / Diploma in Aeronautical, Pilot Training and Shipping |
| Polytechnic |
Note: The above list is based on the courses currently approved under the Student Credit Card Yojana. The Bihar State Education Finance Corporation (BSEFC) may revise the list from time to time. Before applying, download and verify the latest approved course list from the official PDF available on the 7 Nishchay Yuva Upmission Portal.
Important Links Available
- Student Credit Card Yojana Online Application Portal
- Check Application Status
- Student Credit Card Yojana Official Guidelines
- Official List of Approved Courses (PDF)
- Institution Eligibility Verification Portal
- District-wise DRCC Contact Details
- Feedback and Grievance Portal
- Bihar State Education Finance Corporation (BSEFC)
Contact Details in Case of Help Needed
- Implementing Agency: Bihar State Education Finance Corporation (BSEFC), Government of Bihar
- Toll Free Helpline: 1800 3456 444
- DRCC Assistance: Find your nearest District Registration and Counselling Centre (DRCC)
- Online Grievance: Submit Feedback or Complaint
Frequently Asked Questions (FAQs)
Q. What is Student Credit Card Yojana?
Ans. Student Credit Card Yojana is an education loan scheme launched by the Government of Bihar on 2 October 2016 under the 7 Nishchay programme. It provides eligible students with an education loan of up to Rs. 4 lakh at a simple interest rate of 4% for general category students and 1% for women, differently abled, and transgender students pursuing approved higher education courses.
Q. How much loan can I get under this scheme?
Ans. Eligible students can avail an education loan of up to Rs. 4 lakh. The loan can be used for tuition fees, hostel charges, books, laptops, study materials, and other approved educational expenses.
Q. What is the interest rate under Student Credit Card Yojana?
Ans. The scheme charges a simple interest rate of 4% for general category students and 1% for women, differently abled, and transgender students.
Q. Is collateral required to get the loan?
Ans. No. Students are not required to provide any collateral security or third-party guarantee. The Government of Bihar acts as the guarantor for eligible applicants.
Q. When does loan repayment start?
Ans. Repayment starts after the moratorium period, which ends one year after course completion or six months after getting employment, whichever is earlier. The loan can be repaid in a maximum of 84 monthly instalments (7 years).
Q. Who can apply for this scheme?
Ans. Permanent residents of Bihar who are not more than 25 years of age, have passed Class 12 or an equivalent examination from a recognised institution in Bihar or a notified border state, and have secured admission to an approved higher education institution can apply, subject to the scheme guidelines.
Q. Can I study outside Bihar under this scheme?
Ans. Yes. Students admitted to approved institutions outside Bihar can also avail the loan, provided the institution meets the eligibility criteria prescribed by the Bihar State Education Finance Corporation (BSEFC).
Q. Which courses are covered?
Ans. The scheme currently covers 42 approved higher education courses, including engineering, medical, management, law, nursing, pharmacy, architecture, mass communication, polytechnic, pilot training, and many other academic and professional programmes.
Q. Are management quota students eligible?
Ans. Students admitted under the management quota after 27 December 2018 are not eligible for benefits under the scheme.
Q. How is the loan amount released?
Ans. Tuition fees and other institutional charges are paid directly to the educational institution. Other eligible expenses are released according to the approved loan components and scheme guidelines.
Q. What if I do not get a job after completing my course?
Ans. If you remain unemployed after completing your course, you may approach the concerned DRCC or BSEFC for guidance regarding the repayment provisions available under the scheme.
Q. Is simple interest or compound interest charged?
Ans. The scheme charges simple interest. Compound interest is not applicable.
Q. How can I check my application status?
Ans. You can check your application status online through the Application Status Portal or call the toll-free helpline on 1800 3456 444.
Q. How can I submit a grievance?
Ans. You can submit your grievance or feedback online through the official grievance portal or contact your nearest District Registration and Counselling Centre (DRCC).
Q. How can I apply for the Student Credit Card Yojana?
Ans. Apply online through the 7 Nishchay Yuva Upmission Portal. After submitting the application, visit your allotted DRCC with the required documents for verification.
Tabassum is a government schemes researcher and writer with 5 years of experience tracking Central and State welfare scheme programmes across India. She has covered 500+ schemes spanning agriculture, women welfare, education, and housing, helping lakhs of beneficiaries understand their entitlements in simple language.