Bihar Student Credit Card Yojana 2021: Candidates can check their BSSC application status now. The Bihar Student Credit Card Yojana was launched on 2nd October 2016. This a loan scheme that helps the students to pursue higher studies. This Credit Card Scheme is also known as the “MNSSBY Bihar Student Credit Card Scheme“. The main aim of introducing this Credit Card yojana is to bridge the gap between the “Gross Enrollment Ratio” in Bihar and in other parts of India.

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The Government has implemented this Yojana so that the students don’t stop studying due to their financial issues. The mode of applying for the Bihar Credit Card is online only on its official website. However, to apply for this Credit Card yojana, you need to fulfill certain eligibility conditions and other identification procedures. So, in this article, we have provided complete details regarding the MNSSBY Bihar Credit Card Scheme.

Latest Updates

Candidates who have applied for Bihar student credit card yojana can check their application status now. Click here to check.

Highlights of Bihar Student Credit Card Yojana 2021

  • The Bihar Credit Card Yojana Scheme is introduced by the Bihar Government.
  • The Scheme offers Loans to the students who have passed 12th class and want to pursue higher education.
  • Under this Bihar Student Credit Card Scheme, candidates can avail of loan up to 4 lakhs from the bank.
  • The Online Registration Process for the MNSSBY Bihar Student Credit Card Card is available on App/Portal. Check Scholarships in India

Key Features of BSSC scheme

  • The loan is available to those who are pursuing general and polytechnic courses and not just technical courses.
  • Financial is available at an interest rate of 1% for girls, transgender, and divyang students.
  • The monetary assistance will be available to pay fees, buy books, purchase laptops, etc.
  • The repayment begins once the course is complete and candidates get a job.

What is Exactly a Bihar Student Credit Card Scheme?

The Government of Bihar has launched this Yojana for funding loans to students who are suffering from the financial crisis. They provide loans up to Rs 4 Lakhs with nominal interest rates to pursue higher education. In the previous year, the Gross Enrollment Ratio of the State was pegged at 14.3 while the average across the country was 24.5. However, the money is used to finance the following courses, (B.A/B.Sc/M.B.B.S/B.Tech Courses).

What is the Gross Enrollment Ratio?

The Gross Enrollment Ratio (GER) determines the number of students that are enrolled in the school at several different grade levels (primary, upper primary, elementary, secondary, senior secondary, and higher education). However, the data is defined by the number of students enrolled in the Primary and Secondary School on gender bias. The Indian Government releases the statistics every year. The United Nations has adopted this method to check the Gender Bias Education in different grades.

Eligibility Criteria for Bihar Student Credit Card Yojana

Hence to apply for the MNSSBY Bihar Student Credit Card, candidates have to satisfy a few eligibility conditions that are as follows-

  • Firstly, the Student/Applicant must be a resident of Bihar.
  • The Applicant must have completed 10+2 or any equivalent degree. In the case, of Polytechnic, the candidates must have passed their 10th Exam.
  • The age of the applicant must be less than 25 years. However, for the courses that fall under Graduation, the age limit is 30 years.
  • The Institute must be recognized by the State Government of Bihar or any other state, or by the Central Government. Applicants can check approved colleges of BSSC here.

How to Apply for Bihar Student Credit Card Yojana 2021?

In order to apply for the Student Credit Card Scheme of Bihar, you need to prove your eligibility with a few documents. These documents include- 10th and 12th class mark sheets, admission proof to a higher education institute, and applicant’s Photo Identity proof. Also, you need to submit the Bank Account Statements of your parent’s, Family’s Income Certificate, and Form 16. However, the mode of filling the form is online.

Thus, the step by step process to apply for MNSSBY Bihar Student Credit Card is as follows-

  • Visit the official website of Bihar MNSSBY –
  • After landing on the homepage, click on the “New Applicant Registration”
  • Fill in the details such as Name, Mobile Number, E-mail ID, etc and click on “Send OTP”
  • After entering the OTP, a new form will open where you will have to submit some personal details.
  • Thus, after submitting the personal details, three options will appear
  • Select the Student Credit Card, from the option and fill in the required details.
  • After filling in all the details, click on the submit button.
  • A unique ID number will be sent to your registered mobile number after successful submission.
  • Lastly, the student will receive a copy of the submitted form in PDF Format, and the details of the documents that will be required in the further process.

Details in the BSCC Online Registration Form

In this stage, we have provided all the list of the details that you require at the time of filling the Bihar Student Credit Card Application Form

Registration Process – Stage I

  • Name of the applicant (as per SSC)
  • Middle Name
  • Last Name
  • Mobile Number of the candidate
  • Mail Address of the applicant
  • Generate and Enter OTP

Stage II – Generate/Reset New Password

  • Enter the Old Password
  • Enter New Password
  • Confirm New Password

Stage-II Personal Information

  • Matric/10th Board
  • Roll Number
  • Roll/School Code
  • Name of the School
  • Year of Passing
  • 12th Standard pass – Yes/No
  • 12th Class Roll Number and School Code
  • School Name and Year of Passing
  • Name of the applicant
  • Father’s and Mother’s Name
  • E-mail ID
  • Date of Birth
  • Age
  • Marital Status
  • Gender
  • Category
  • Mobile Number
  • Aadhaar Card Number
  • Bank Account Number
  • Name of the Bank
  • Name of the Branch
  • IFSC Code

Permanent Address  – (Urban/Rural)

  • House/Flat/Road Number
  • Area/Locality
  • District
  • Block
  • Pincode and
  • State

Residential Address

  • House/Flat/Road Number
  • Area/Locality
  • District
  • Block
  • Pincode and
  • State

Bihar Student Credit Card Application Status

After submitting the form, you can check the status of your registration form. The Application Status will help you to track down your registration form. The process to check the status is available online only. Thus, the steps to check the application status of BSCC is available below.

How to Check Bihar Student Credit Card Form Status?

You can check the application form status of the BSCC Form in two ways – Registration ID and Aadhaar Card Number. Thus, the steps for each case are explained below –

Through Registration ID

  • Visit the Official Website of MNSSBY Bihar.
  • Click on the “Application Form Status” Link
  • Select the “Registration ID” option
  • Enter the following details –
      • Registration ID
      • Date of Birth
      • Captcha Code
  • After entering all the details, click on the submit.
  • The status of the registration form will be displayed on the screen

Through Aadhaar Card Number

  • Visit the Official Website of MNSSBY Bihar.
  • Click on the “Application Form Status” Link
  • Enter “Aadhaar Card Number”
  • Date Of Birth and Captcha code and submit.
  • Check the details and print if required.

Documents Required for the Bihar Student Credit Card Scheme

The following documents are required for the Bihar Student Credit Card Yojana 2021 –

  • Mark Sheet of 10th and 12th Class
  • Residential Certificate of the candidate
  • Detailed Document of Fee for Higher Education, issued by the Institute.
  • Selection Certificate from the recognized Institute for Higher Education
  • PAN Card
  • Self-Attested Copies of the application form with passport-size photographs
  • Last 6 months bank statement of your parent’s
  • Income Tax Return of the last two years
  • Other Identification Documents such as Aadhaar Card/Voter ID Card/Passport/ Driving License etc.

Loan Approval Process for Bihar Student Credit Card Card

After submitting all the documents successfully, the Government then verifies all the documents. The BSCC Credit Card verification process takes around 10 to 15 days after receiving the documents from the student. Thereafter, the successful verification of the documents, the details are then transferred to the banks which then approve or disapprove the loan.

However, the approval and disapproval of the loan are shared by the banks through SMS on registered mobile number shared at the process of form filling. So, once, the loan is approved, the applicant has to visit the bank branch to complete the rest of the formalities.

Interest Rates of MNSSBY Bihar Student Credit Card

The Interest Rates for the Bihar Student Credit Card Yojana vary with the banks. Earlier, the Interest Rate of Canara Bank was 12% and Madhya Bihar Gramin Bank was 12.5% per year. But according to the latest information, the Bihar Government is providing loan at 4% simple interest. However, 1% is for the women, PWD, and transgender, through “Bihar Student Education Finance Corporation”.

Moreover, no interest is applicable for the course duration of 4 years (B.Tech) plus an additional year. Therefore, you need to pay your loan after 5 years of admission to the course in installments. However, you can also extend the deadline, by informing the DRCC. All you have to do is write an application form twice a year (July and December).

Benefits of Bihar Student Credit Card Yojana 2020

The benefits of the BSCC Credit Card Loan Scheme is as follows –

  • The scheme is available for the students who have passed the 12th.
  • The applicants whose financial condition is not stable can apply for the Yojana.
  • The scheme covers all the expenses including their education fees.
  • The Government owns the loan in the borrower’s stead, which can be repaid once the students completed his/her education and get a job.

Courses for which BSCC Credit Card Applicable

The Bihar Student Credit Card is applicable for the following courses-

B.A/B.Sc/B.Com (All Subjects)M.A/M.Sc/M.Com (All Subjects)Aalim
B.Sc (Agriculture)Library Science (B.Sc)Bachelor of Hotel Management and Catering Technology (B.H.M.C.T)
B.Tech/B.E for Laterally Admitted Candidates having a degree of three years of Diploma Course approved by the State Technical Education Council.Hotel Management and Catering TechnologyHospital and Hotel Management
Diploma in Hotel ManagementBachelor in YogaB.Tech/B.E/B.Sc (All Engineering Branches)
M.B.B.SB.Sc NursingBachelor of Pharmacy
B.V.M.S – Bachelor of Veterinary, Medicine, and SurgeryBAMS – Bachelor of Ayurveda, Medicine, and SurgeryBUMS – Bachelor of Unani, Medicine, and Surgery
B.H.M.S – Bachelor of Homeopathic Medicine and SurgeryBachelor of Dental Surgery (BDS)General Nursing Midwifery (GNM)
Bachelor of PhysiotherapyBachelor of Occupational therapyDiploma in Food, Nutrition, and Dietetics
Bachelor of Mass Communication/Mass Media/JournalismB.Sc in Fashion Technology/Designing/Apparel Designing/Footwear DesigningBachelor of Architecture
Bachelor of Physical Education (B.P.Ed)M.Sc/M.Tech Integrated CourseDiploma in Food processing/food production
Diploma in Food and Beverage ServicesBachelor in Business Administration (BBA)Master of Business Administration (MBA)
Bachelor of Fine Arts (B.F.A)BL/LLB (5-Year Integrated Course)Degree/Diploma in Aeronautical, Pilot Training, Shipping

Statistics of BSCC (2018, 2019, 2020, 2021)

The aim of the Bihar Student Credit Card Yojana is to provide loans to candidates whose financial condition is low. If you check the previous records of BSCC Credit Card Loan, then you can notice that the number of applicants has been increased each year.

  • In the year, 2018-19, around 50, 000 applicants have applied for BSCC Credit Card.
  • Around, 75,000 candidates have applied in 2019-20.
  • However, in 2020-21, we are expecting around 1,00, 000 applicants availing this facility.

Expenses Provided by the BSCC Credit Card Yojana

BSCC Expense Fees

Bihar Student Credit Card Yojana – FAQs

Q1. What is the Mode of BSCC Application Form?
Ans: The mode of the application form is online.
Q2. What is the full form of BSCC?
Ans: The BSCC stands for Bihar Student Credit Card. This Yojana was launched by the Bihar Government in 2nd October 2016.
Q3. How much time does it take for the BSCC Registration and Loan Approval?
Ans: The Loan Approval Procedure for Bihar Student Credit Card takes about 10 to 15 days after the submission of the form.
Q4. What are the other uses of Bihar Student Credit Card?
Ans: Students can use this Credit Card for Food, Lodging, and Entertainment Expenses
Q5. What is the Maximum Loan Amount for BSCC?
Ans: The maximum loan amount for the Bihar Credit Credit Card is 4 Lakhs.
Q6. What Documents are required for the second installment payment after getting the first payment in Bihar Student Credit Card Scheme?
Ans: Candidates have to attach your previous semester passing mark sheet and the application form. You can get the form from DRCC.  

Thus, these are the complete details about www.bihar student credit card yojana. If you have any queries regarding the Credit Card scheme, then please comment on the section below.


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