Bihar Student Credit Card Scheme (MNSSBY)
बिहार स्टूडेंट क्रेडिट कार्ड योजना (एमएनएसएसबीवाई)
Bihar Government's flagship student credit card scheme offering up to ₹4 Lakh at 4% simple interest (1% for women) with zero collateral.
Max Loan Amount
Up to ₹4 Lakh at 4% Simple Interest (1% for Women & Transgender)
Interest Rate
4.00% simple interest (1.00% for female, disabled, and transgender students)
Moratorium Period
Course duration + 1 year (or 6 months after securing employment)
Repayment Tenure
Up to 5 years (for loans up to ₹2L) or up to 7 years (for loans up to ₹4L) after moratorium
✦ What the Loan Covers (Eligible Expenses)
Tuition fees, hostel/boarding fees, books, study stationery, laptop, and mandatory college fees for 42+ approved general and professional courses.
What is Missing: Honest MITC Policy Gaps, Hidden Clauses & Costs
Eligo disclosure: Bank loan brochures and DSA agents rarely highlight these conditions. Verify before signing your loan agreement.
Limited to ₹4 Lakh max; only covers courses listed in the 42 approved course schedules; student must visit District Registration and Counseling Center (DRCC) in person for biometric verification; unapproved colleges or courses not on NAAC/NBA roster are rejected; if student fails or abandons course, loan is frozen.
✦ Collateral & Margin Money Terms
Collateral & Guarantee Requirement:
ZERO collateral and ZERO third-party guarantee. Guaranteed 100% by Government of Bihar.
Margin Money (Borrower Contribution):
NIL margin money.
✦ Eligibility Requirements
Resident of Bihar who has passed 12th standard (Intermediate) from a recognized Bihar educational board or school, aged up to 25 years, enrolled in an approved course in an accredited institute in Bihar or across India.
✦ Government Subsidies & Rate Concessions
Heavily subsidized by Bihar State Education Finance Corporation (BSEFC); interest does not compound during course period.
✦ Required Documents Checklist
Aadhaar of student and parent, 10th and 12th marksheets/certificates, residential certificate of Bihar, admission letter/prospectus, institute fee structure, 2 passport photos, applicant's bank passbook.
✦ How to Apply Step-by-Step
1. Register on 7nishchay-yuvaupmission.bihar.gov.in.
2. Complete BSCC online application and download PDF.
3. Book an appointment at your home District Registration and Counseling Center (DRCC).
4. Visit DRCC with original documents for physical and biometric verification.
5. Approval and disbursement directly to college bank account by BSEFC.Official Portal
Official Portal / Lender Domain
Apply or verify directly on the official banking portal
✦ Frequently Asked Questions
Can I study outside Bihar under Bihar Student Credit Card?▼
Yes. Students can pursue higher education in recognized colleges anywhere in India, provided the institution has valid NAAC 'A' grade or NBA accreditation or is an NIRF-listed institute.
What is the interest rate for girl students in Bihar Student Credit Card?▼
Female students, transgender persons, and persons with disabilities (Divyangjan) pay only 1.00% simple interest per annum.
Is a DRCC physical visit mandatory for Bihar Student Credit Card?▼
Yes. After applying online, the student must visit their respective District Registration and Counseling Center (DRCC) with original documents for biometric authentication.