Bihar Student Credit Card Yojana Registration

Overview

There are so many boys and girls who are not able to pursue better education despite their willingness. Because of the poor financial condition, their willingness to try something new never accomplishes. To help such poor students, the Bihar Government has come up with a brilliant scheme called Bihar Student Credit Card. This scheme was launched in the year 2016 in which the government has created a setup of the education finance corporation for implementing the BSCCS scheme. The scheme focuses on providing the best possible financial support from the banking sector to those students with affordable and reasonable terms and conditions set.

Know more about Student Credit Card Yojana

Student Credit Card Yojana is quite an interesting and popular scheme. Under this scheme, those students who have cleared their 12th or intermediate from a well-known institution can be a part of this yojana. However, they must fall under the Bihar government and should not be able to pursue a high level of education because of financial constraints. The government has come to you with such a scheme that offers financial support to the students for a better level of education. In the year 2018, the state gross enrolment ratio went down to 14% whereas the average across the country was around 24%. The Bijar Credit card scheme is an initiative that the government has made for boosting such a ratio to 30% in the next 5 years.

How to apply for a Bihar Student Credit Card?

The Credit Card Yojana Registration process is quite simple. However, you must follow the right guidelines so that you don’t make any mistakes during the submission. Talking of which the application process includes:

• Visit the website at http://www.7nishchay-yuvaupmission.bihar.gov.in/.

• Select the ‘New Applicant Registration’ option 

• Fill in the required details and press on ‘Send OTP.’ 

• Now enter the OTP received on your mobile number/email ID and click on ‘Submit.’

• Once you have successfully registered yourself. The next step is to click ‘Go to Home Page’

• Login to the website using the credentials you received via SMS/email.

• Now set a new password and login once again with the unique password.

• Enter your details in the fields and click on ‘Submit.’

• Select the ‘Bihar Student Credit Card’ option from the ‘Select Scheme’ drop-down menu.

• Enter your personal information and the co-applicant if any

• After filling in all the required information, click on ‘Submit.’

• Make a note of the acknowledgment that you will receive via email.

Eligibility Criteria for Bihar Student Credit Card Yojana

To clear off the application process smoothly, some eligibility criteria have been set already. It is better to be a part of these eligibility criteria so that you don’t have to face any issues in the future at all. Talking of which the criteria set are:

• Should be resident of Bihar

• The loan will be disbursed only for students having valid Permanent Account Number (PAN Card)

• Must be an Indian national to be eligible for the scheme.

• The student should have been enrolled or selected for enrolment for pursuing higher education in the educational institutions

• Students that completed 12th from Institution recognized by Central Board of Secondary Education or Equivalent boards

• CIBIL score of the student shall be more than or equal to 700.

• Should have the Bihar Student Credit Card age limit with a maximum age of 25 Years.

• The loan application will be received if the student has UID or Aadhar Card Number.

Student Credit Card Yojana Online can be applied only if the student clears off an intermediate exam from the recognized institution of the Bihar School Exam Committee. If the person is a degree holder then he will not be entitled to avail of the benefits of the courses. Besides, the eligibility does not even apply for the management and technical courses. Suppose, in this scheme, the loan will not be given to the science graduate degree holders to continue further with the graduate-level course. But the person can be eligible for pursuing higher education under courses like MBA or MCA

Institutes Eligible for Studies

Educational institutions recognized by concerned regulatory boards/ agencies of Bihar Govt. or other State Govts. Or the Central Govt.

Courses Eligible for Studies

General Courses (non-technical), Financial Courses and Technical Courses, e.g. B.A., B.Sc., B.Com, Engineering, Management, Medical, Law, etc.

Documents Required

Along with the eligibility criteria comes the documentation too. You must keep the given documents handy for smooth processing. This includes:

• Documents for proof of Address

• Submit your bank account statements

• Documents for proof of admission to a higher education institute

• Mark sheets of the applicants of 10th and 12th standard

• If the credit card is being applied with an applicant and co-applicants

• Identity proof such as an Aadhaar card and PAN card.

• Other documents like family income certificate along with Form 16.

Loan process

Once all the documents are submitted to the government officials, they shall examine them. Once the verification process is over, the details will then be shared with the bank which further approves or disapproves the loan. Usually, it takes 15 days for the whole verification process to get over. The disapproval or approval of the loan reason will be shared by the bank through SMS on the registered mobile number shared during form submission. Once the loan gets approved, the applicant needs to then make a visit to the branch of the bank and further finish other formalities.

Bihar Student Credit Card fees & Charges Applicable

Initially, under this scheme, the credit card was issued to the applicant simply to avail of the loan. The bank interest could vary as per the bank. But now the time has changed and now with the Bohar student credit card rewards, there will not be any kind of interest charged for the duration of the course that you are pursuing. Suppose if you are doing B. Tech then for the next four years you will not be charged. While if you are pursuing B.com then interest will not be charged for the next 3 years. In case of affordability is still the problem then you can seek the deadline extension to pay back by informing DRCC through a written application twice a year

Student Credit Card Scheme Course List

Given below are the Student Credit Card Yojana Course list that you need to have a look at and focus on applying further:

• BCA, BSc IT, Computer Applications, Computer Science

• Bachelor of mass communication

• Bachelor of Architecture

• MSc, MTech

• Bachelor of Occupational Therapy

• Diploma in Food and Beverage Service

• BBA

• BSC Library Science

• Diploma in Hotel Management

• BSC Nursing

• BAMS

• BHMS

• GNM

• BA, BSc, B Com

• BSC Agriculture

• BSc, BHMCT, BTech, Hotel Management

• B.Tech, B.E., B.Sc.

• Bachelor of Physiotherapy

• Diploma in food processing, food production

• BA, BSc, B.Ed, Integrated Course

• BFA

• Bachelor of pharmacy

• BVMS

• BUMS

• BDS

• BSC in Fashion Technology

• BPED

• B.Ed.

Conclusion

This is one incredible scheme that supports the students residing in Bihar who don’t want to miss out on education. The person can avail of a loan amount of up to Rs.4 lakh. And it is not just limited to just technical courses but also general and polytechnic courses. Besides, finance is also available at a low interest rate of 1% for transgender, girls, and students who are disabled.

Questions and Answers

Where to use the Bihar Student Credit Card?

• Examination/ Library/ Laboratory fee

• Purchase of books/ equipment / instruments / uniforms

• Any other expense required to complete the course - like study tours, project work, thesis, etc.

• Fee payable to college/ school/ hostel

• Insurance premium for the student borrower

• Caution deposit, Building fund / refundable deposit supported by Institution bills/receipts.

• Purchase of computer at a reasonable cost, if required for completion of the course

• These are the expenses that are considered as subject to consideration that amount may not exceed 20% of the overall tuition fees for the whole course

How to Download Bihar Student Credit Card Mobile App

The process is quite simple. However, the person must follow the steps given below. This includes:

• Visit the official website of the Bihar Student Credit Card Scheme http://www.7nishchay-yuvaupmission.bihar.gov.in/.

• Click on the Download Mobile App, which is provided at the menu bar section of the website. 

• After that, a new page will appear on your computer or laptop screen. 

• Another option is that you have to download this mobile app from Google Play Store App.

• Enter the BSCC Mobile app in the search box of the Google Play Store. After that, an application will display on your computer screens.

• Click on the install button.

• After this, you will be able to download your mobile app very quickly.

• In this manner, every student will be able to download the BSCC Mobile App and use all of its features.

How to Check Bihar Student Credit Card Yojana Online Status Check

The process is quite simple. However, the person must follow the steps given below. This includes:

• Visit the official website of Bihar Student Credit Card Yojana http://www.7nishchay-yuvaupmission.bihar.gov.in/.

• Click on the Application Status button which is provided at the menu bar section of the homepage. 

• Now, here two options are available to check the status of your BSCC Application form. 

• If you want to check your application status by Registration ID, then enter a Registration ID, Birth Date, enter captcha code as shown below. After that, tap on the submit button.

• But, if you want to check your application status by Aadhaar Card Number, then enter Aadhaar Card Number, Birth Date, Captcha code as shown below.

• After that, click on the submit button.

• In this manner, every student will be able to check the status of the BSCC Application form online.