← Back to Home
Bihar Student Credit Card Scheme
1. Scheme Overview
- Loan Amount: Up to ₹4 lakhs
- Interest Rate: 0% (Government subsidized)
- No Collateral Required
- No Processing Fee
- Repayment after course completion + 1 year
2. How 0% Interest Works
Example: You take ₹3,00,000 loan for 4-year B.Tech
- You repay only ₹3,00,000 (No interest)
- Government pays interest to bank
- No EMI during course + 1 year after completion
- After holiday, repay in 7 years (approx ₹3,571/month)
3. Category-wise Eligibility
General: 50% marks, No income limit, Age 18-25
OBC: 45% marks, Income less than ₹3 lakhs, Age 18-25
SC/ST: 40% marks, Income less than ₹3 lakhs, Age 18-25
EWS: 50% marks, Income less than ₹3 lakhs, Age 18-25
Girls: 5% relaxation in marks, Age 18-25
4. How Academic Fee is Calculated
Example: College academic fee = ₹3,00,000 per year
- Academic Fee: ₹3,00,000 (paid directly to college)
- Laptop/Books: Up to ₹50,000
- Hostel/Mess: Up to ₹60,000
- Travel/Other: Up to ₹30,000
- Total Eligible: ₹4,40,000 → Limited to ₹4,00,000
5. Documents Required
Common for All: Bihar Domicile, 10th & 12th Marksheets, Admission Letter, Aadhar Card, Photos, Bank Passbook
General: Income Certificate (for EWS)
OBC: OBC Non-Creamy Layer Certificate
SC/ST: Caste Certificate
EWS: EWS Certificate, Income Certificate
Girls: Birth Certificate, Parent Consent Letter
6. Repayment Terms
Example: ₹3,00,000 loan for 4-year B.Tech
- Course Duration: 4 years → No EMI
- Moratorium: +1 year after course → No EMI
- Total Holiday: 5 years
- Repayment Period: 7 years after holiday
- Monthly EMI after 5 years: approx ₹3,571
7. How to Apply
- Visit biharcreditcard.in
- Register with mobile number and email
- Fill application form
- Upload documents
- Submit and get application number
- Track status online