| Aspect | Details |
|---|---|
| Scheme Name | Bihar Student Credit Card Scheme (BSCCY) |
| Key Highlights | Third installment of ₹300 crore sanctioned, total allocation now ₹900 crore. |
| Implementing Agency | Bihar State Education Finance Corporation Limited (BSEFC), Patna |
| Loan Details | Loans up to ₹4 lakh at 4% interest; 1% for female, disabled, and transgender students. |
| Repayment Terms | Starts 1 year after course completion or 6 months after securing a job. |
| Installments | ₹2 lakh loan: up to 60 installments; Above ₹2 lakh: up to 84 installments. |
| Interest Rebate | 0.25% rebate for early repayments. |
| Application Portal | Mukhyamantri Nishchay Swayam Sahayata Bhata Yojana (MNSSBY) portal. |
| Eligibility Criteria | Permanent Bihar residents, Class 12 pass, age ≤ 25 (relaxed in special cases). |
| Covered Courses | Engineering, medicine, management, nursing, polytechnic, BA, BSc, BCom, etc. |
| Loan Usage | Course fees, laptops, study-related expenses. |
| Eligible Institutions | Government-recognized institutions. |
| Required Documents | Aadhaar card, residence certificate, educational certificates, admission proof, photos, etc. |
| BSEFC Establishment | Incorporated in March 2018 under the Companies Act, 2013; 100% Bihar government-owned. |
| BSEFC Objectives | Increase Gross Enrolment Ratio, facilitate employment opportunities, implement BSCCS. |
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