Bihar government is giving loan up to Rs 4 lakh to students, know how you can avail the benefit, what is necessary for this?
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Who can avail the benefits of Student Credit Card Scheme?
Such students who are not able to pursue higher education due to lack of money can take advantage of this student credit card scheme. Under this scheme, the maximum age limit for taking loan for graduation is 25 years and the maximum age limit for doing post graduation is 30 years.
What are the documents required for Student Credit Card Scheme?
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Aadhar card of applicant and co-applicant
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Marksheet/certificate of Matriculation, 10+2 and final successful examination
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Photocopy of bank passbook
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Certificate of Enrollment in Institute
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Details of course fees received from the institute
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Two passport size photographs of the applicant and co-applicant.
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residential certificate
How much time does it take for the loan under the Student Credit Card Scheme to be approved?
The loan under the Student Credit Card Scheme may take up to 30-45 working days to be approved.
What is the fee structure of Student Credit Card Scheme?
The details of the total fee charged for the course in which you enroll is called fee structure. You can get this fee structure from your college.
How much interest will have to be paid on the loan?
Under the credit card scheme, there is a provision to give Rs 4 lakh to students for higher education. Provision to repay loans up to Rs 2 lakh in maximum 60 monthly installments and loans above Rs 2 lakh in maximum 84 monthly installments after the expiry of the moratorium period (during this period the borrower is not required to pay monthly installments) Is. There is a plan to give a discount of 0.25% interest rate in case of loan repayment before the prescribed maximum period. The new rate of interest is 4%, whereas before April 2018 the rate was around ten percent.
Detailed information will be available here
Students can visit the website to know more about the credit card scheme and apply. or toll free number 18003456444 You can get help by calling
How to apply?
To avail the benefits of Student Credit Card Scheme, students will have to visit the website www.7nishchay-yuvaupmission.bihar.gov.in and download an online form. After this, after filling all the information asked in the form, it will have to be submitted along with the necessary documents at the District Registration Counter and Counseling Office. After the form is submitted, information about the documents will be taken and if all the documents are correct, the loan amount will be sent to your bank account. Only students of Bihar between 18 to 25 years can avail the benefit of this scheme.
Earlier the number of people studying after 12th class was less. We made a provision that loans up to ₹ 4 lakh should be made available to the youth who are not able to pursue higher education due to lack of money, under the Student Credit Card Scheme. This scheme has been implemented with the help of the Finance Corporation of the State Government. The state government will provide assistance to all our youth who want to study, so that they can study and move ahead. – CM of Bihar, Nitish Kumar
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