BSCC- Bihar student credit card – how to apply-full detail

BSCC – Bihar student Credit Card is a very important and well-known scheme run by the Bihar government.

Under this scheme, a bank loan or credit card of up to ₹ 400000 is given to all the students of Bihar for higher education.
Which they can use to pay the fees of any professional course in any educational institution across the country.

The process of BSCC i.e. Bihar Student Credit Card has been made very easy.
Students do not need to give any bank guarantee and the condition of returning this loan has also been made very easy.

Bihar government has run many schemes to help students, among which the most talked about and the useful scheme is Bihar Student Credit Card Scheme.

Today, many students of Bihar are doing higher education courses of their choice from their dream college due to this scheme.

All the details of this scheme are explained below.

What is Bihar Student Credit Card(BSCC) Scheme?

Many students who come from economically weaker sections could not complete their higher education due to a lack of money.

As you know how expensive it has become to do higher education and also professional courses, the fees are very high.

About 24 percent of students in India go for higher education, while only 14 percent of students from Bihar are able to go for higher education,
Lack of money is a big reason for this, so the Bihar government decided to start different schemes to provide financial help to students in higher education.

When Nitish Kumar again became the Chief Minister in the year 2015, he had announced his seven pledges, one of which was the economic solution to the youth.

The Chief Minister announced a number of schemes under the Economic Solution to the students. Such as scholarship for girls passing 10th and 12th, unemployment allowance, and Bihar Student Credit Card.

Under the BSCC scheme, it was decided to give a loan for higher education to all the students of Bihar, who have studied from Bihar Up to Inter level (10th for Polytechnic), so that they can continue their higher education without any hindrance.

 

 

Under Bihar Student Credit Card Scheme, education loans of up to ₹ 400000 are given to students of all classes and all religions without any bank guarantee.

The scheme launched on 2 October 2016 is an ambitious scheme of the Government of Bihar.

To implement the scheme properly, the Bihar government decided to form a separate corporation and the Education Finance Corporation was established.

Under this scheme, polytechnics, and almost all courses after inter-are covered.

The process of applying for loans, getting loans and repayment has been made very easy so that more and more students can take advantage of this scheme.

For this scheme, you have to apply online and get your documents verified at the DRCC office offline.

Bihar student credit card scheme is being praised all over the country and the world today because it made the way for the youth to get their favorite education.

 

Bihar student credit card Highlights

Following are the highlights of the BSCC-

Scheme Name	Bihar student credit card (BSCC)
Who can get the benefit	All students of Bihar for Higher education
Where students should take admission	Anywhere in Bihar or in India in Recognised institution.
what are the courses comes under BSCC	almost all professional courses, such as Engineering, Polytechnic, Medical, MBA
Maximum Loan Amount	4 lakhs
How to Apply	Online only
Documents Required	All general documents, such as- Aadhar, 10th mark sheet
Repayment of Loan	After the completion of the course, and Employment
Benefit for Abroad Study	Yes, the benefit can be availed for some courses and colleges
interest rate	4 % for boys, 2 % for girls

 

 

Who can get the benefit of the Bihar Student Credit Card Scheme- Eligibility for BSCCS

Bihar Student Credit Card Scheme is for all the students of Bihar. The condition for availing this scheme has been placed on the economic level and not on the basis of caste or religion.

Any student can avail this scheme based on the following conditions-

• The annual income of the student’s family should be less than 50000.
• Students should have done their 10th and intermediate studies from a recognized board from Bihar.
• The student should take admission in a recognized institution, in Bihar or outside of Bihar (in India) for higher education.
• Those who are already studying can also apply for this Loan.
• General category students can also apply for this scheme if their family income is less than 50000 per year.
• Applicant’s age should be less than 25 years on the date of application.
• The applicant must be a resident of Bihar.
• The applicant has not taken advantage of any other student welfare programs already run by the government.
• Student admission should not be under management quota.
• Students Willing to Study Abroad Also can Avail student Credit card Scheme.

 

How much loan will be given under the Bihar Student Credit Card (BSCCS) Scheme?

Under the Bihar Student Credit Card Scheme, you are given an education loan up to a maximum of ₹ 400000 and you can also take a minimum of ₹ 20000 if you want.

The Bihar government has tied up with different banks for this.

Assuming that if you take a student credit card loan of ₹ 400000, then this amount will be allotted to you, and you can pay your fees during the first year or after during your course according to your needs.

For which courses can you get the benefit of Bihar Student Credit Card Scheme-

To perform almost all the famous courses in India, students can avail of the Bihar Student Credit Card Scheme.

After intermediate, almost all the courses of graduation and master level are covered under this scheme.

Under the BSCC scheme, you can do Engineering, Graduation, MBA, MSc, MBBS, BDS, Hotel Management, B. Ed and many other professional courses.

All the courses and their duration are listed below-

 

Course	Duration
B.A./B.Sc./B. Com. (All subject)	3 years
M.A./M.Sc./M.Com (All subject)	2 years
Aalim	4 years
Shashtri	7 years
B.C.A.	3 years
M.C.A.	3 years
B.Sc. (Information Technology/Computer Application/Computer Science)	3 years
B.Sc. (Agriculture)	3 years
B.Sc. (Library Science)	3 years
Bachelor of Hotel Management & Catering Technology (B.H.M.C.T.)	3 years
B.Tech/B.E. (Engineering) for laterally admitted candidates having a degree of three years of diploma courses approved by the State Technical Education Council	4 years
Hotel Management and Catering Technology	3 years
Hospital and Hotel Management	3 years
Diploma in Hotel Management, (I.H.M. Course)	3 years
Bachelor in Yoga (Entry Level+2Pass)	3 years
M.B.B.S.	5.5 years
B.Sc. (Nursing)	4 years
Bachelor of Pharmacy(B.Pharm)	3 years
Bachelor of Veterinary Medicine and Surgery (B.V.M.S.)	3 years
Bachelor of Ayurveda, Medicine, and Surgery (B.A.M.S)	5.5 years
Bachelor of Unani Medicine & Surgery (B.U.M.S)	5.5 years
Bachelor of Homeopathic Medicine & Surgery (B.H.M.S.)	5.5 years
Bachelor of Dental Surgery (B.D.S.)	4 years
General Nursing Midwifery (G.N.M)	3 years
Bachelor of Physiotherapy	4 years
Bachelor of Occupational Therapy	3 years
Diploma in Food, Nutrition/ Dietetics	3 years
Bachelor of Mass Communication/Mass Media/Journalism	3 years
B.Sc. in Fashion Technology/Designing/ Apparel Designing/Footwear Designing	3 years
Bachelor of Architecture	5 years
Bachelor of Physical Education (B. P. Ed.)	3 years
M.Sc/M.Tech Integrated course (admission after +2)	5 years
Diploma in Food Processing/ Food Production	2 years
B.A./B.Sc.-B.Ed. (Integrated Courses	4 years
Bachelor of Business Administration (B.B.A.)	3 years
Master of Business Administration (M.B.A.)	2 years
BL/LLB (integrated Course)	5 years
Degree/Diploma in Aeronautical, Pilot Training, Shipping(Bsc Nautical)	4 and 3 years
Polytechnic	3 years

 

Documents required for Bihar student credit card scheme-

Following are the Documents Required for the BSCCS-

• Aadhar card of applicant and parents
• Pan card of applicant and Parents(co-applicant)
• 10th and 12th certificate and Marksheet (10th only in case student wants to Join Polytechnic course)
• Copies of letter conferring Scholarship etc. (If available)
• approved course structure
• Admission proof
• Fee schedule(structure)
• 2 passport size photograph of Student and parents
• Form 16 (income certificate of parents)
• Last 2 years income tax return(if available)
• Last 6 months bank statement
• Proof of residence(voter ID, Driving license, Passport)
• Proof of Identity for both, student and parents.

 

Eligible colleges come under BSCC- Bihar student credit card scheme 2020

Bihar government has made a list of many colleges based on many parameters.
Any student who is from Bihar, who takes admission in these colleges can get the benefits of Bihar student credit card scheme.

What is most emphasized is where the college got recognition.

The list of eligible colleges that the Bihar government has created has received the following recognition-

• NBA Accreditation
• NAC Accredited
• NIRF Accredited

Apart from this, many government colleges have also been included in the Bihar government in its list.

you can check the complete list of colleges under Bihar student credit card.

How to apply for BSCC- Bihar student credit card?

The benefits of the Bihar Student Credit Card Scheme can be availed in a very easy way. The entire process is online.

Earlier, when students used to go for an education loan with the bank, they had to face a lot of trouble.
But now it is no longer, you have to apply online, and you have to verify your document at the DRCC office of your district, after that you will get confirmation online about the status of your loan application.

students should follow the following process to get the benefit of BSCCS-

Step- 1

Visit the official website of Bihar student credit card-  https://www.7nishchay-yuvaupmission.bihar.gov.in/

Step- 2

Click on the New Application Registration Button.

Step – 3

Fill Your General Details, such as- Name, Mobile no., Email ID, Aadhar no.,  to get the OTP on Mobile and Email ID.

please note that– you will get separate OTP on your Mobile and Email Id. to complete the registration process you have to enter both OTP, so provide the correct Mobile no. and Valid Email Id.

Step – 4

press the get OTP tab and confirm the declaration Pop Up Box. also select the desired Scheme. (BSCC for Bihar student credit card)

Step – 5

after the submission of your Mobile and Email OTP, you will get the confirmation message on the screen.

you will get your User ID and Password on your mobile and Email Id.

please note that- you have to declare that your admission is not under management quota. (the student credit card scheme is not for Management quota scheme)

Step – 6

Login on the Home page of BSCC, with the user id and password provided.

you can change your password to your desired one, but you can not change your USER ID.

 

Step- 7 

Now you have to fill your complete personal and Educational Details.

you also have to provide your parent’s details. in the provided box share your Family income details.

you have to share details about the course and college you going to join.

 

Step- 8 

one you will provide the complete detail, you can click on the SUBMIT button, where you will get the confirmation of your Application.

please note that –  your Father and Mother will be your Co-applicant for this education loan, so please fill up all their details carefully.

you can take a printout of this confirmation for further use.

you can check the status of your application by entering your application no. and password.

 

Benefits of BSCCS-

following are the Benefits of Bihar student credit card scheme-

• This scheme is for all students of Bihar.
• Any student can apply for education loans under this scheme on the basis of their family income and not on the basis of caste or religion.
• no need to go to the bank.
• almost all courses come under the BSCC scheme.
• Repayment only after course completion and getting a Suitable job.
• less interest rate.
• If the student does not find a job, then the education loan can also be forgiven.

Bihar student credit card (BSCC) FAQs-

How long it will take to get the confirmation of the Bihar student credit card (BSCC) application?

If you apply under Bihar Student Credit Card Scheme, within 60 days your application will either be approved or you will be asked to improve it or it can also be rejected in the worst condition.

But all the necessary action on your application will be completed within 60 days.

If you are asked for some improvement in your application then you can improve your application by going to the DRCC center.

whether I will get a physical credit card?

Yes, under the student credit card scheme you are given a physical credit card which you can use to pay fees in your college.

For this, the Government of Bihar has tied up with different banks.
So if you are studying in India, you will get a normal credit card whereas for foreign you will get a Forex credit card.

Different Bihar Student credit cards are-

• HDFC Multi-currency Platinum ForexPlus Chip Card
• HDFC ISIC Student ForexPlus Card
• SBI Student Plus Advantage Credit Card
• ICICI Bank Student Travel Card

What was the need for the Bihar credit card scheme?

Very few students of Bihar were able to go for higher education, a big reason behind this was the lack of money.

only 14 percent of the Students of Bihar was able to go for higher education, whereas the average of India is 24 percent.

The Bihar Student Credit Card Scheme was started with an aim to take the average above 30 percent, which today is being successful in its objective to a large extent.

And today the number of students going to higher education from Bihar has increased considerably.

 

what is the Interest rate on Bihar student credit card loan?

Under the Bihar Student Credit Card Scheme, the interest rate is kept very low. The interest rate for transgender, physical handicapped and girls is only one percent, while the interest rate for the rest of the students is 4 percent.

The rate of Interest is Simple interest.

 

What is the repayment rule for the Bihar student credit card?

There is also a lot of convenience in the Bihar Student Credit Card Repayment Rule.
Any student can start his/her repayment after completion of course if he gets a job.
Till the time the student does not get a job, he is free to not make any repayment, And if he does not get a job, then his loan can also be forgiven.

Can I Avail Bihar student credit card Benefit to Study abroad?

yes, you can.

You can avail of this credit card scheme to do higher education in any foreign country.
Here you have to take care of some things whether the Bihar government has given a permit for the course you are going to do or whether the country you are going to is approved by the Bihar government or not.
With some caution, you can also take advantage of the Bihar Student Credit Card for fees of studying in foreign countries.

 

Can the loan be taken under Bihar Student Credit Card Scheme be waived?

Yes, your loan can also be forgiven under some worst conditions, one of them is that you did not find any job.

The Bihar government is taking the guarantee of this loan, so the bank will not bother you for repayment.

 

What precautions should be taken to avail Bihar Student Credit Card?

If you want to take advantage of Bihar Student Credit Card Scheme, then there are some points to keep in mind.
Like whether the course you are going to join, is in the list of the Bihar Government or not.
you should also take care that the college you are choosing is not blacklisted by the Bihar government

because some colleges have been blacklisted by the Bihar government, in which you will not get the benefit of the student credit card scheme.

What is DRCC?

DRCC is a district Registration cum Counseling Centre.

Where you can get information, apply for services and your document can be verified for different schemes of the Bihar government.

DRCC office is each district of Bihar.

you should contact the DRCC office of your district only.