The Bihar Student Credit Card Yojana is a loan program started in 2016 to assist students with college fees. It's for students who have finished 12th grade. They can get a loan of up to Rs. 4 lakh with low interest rates. This loan can cover expenses for courses like B.Tech, MBBS, B.Sc., and BA.
The Mukhyamantri Nischay Swayam Sahayata Bhatta Yojana (MNSSBY) Bihar Student Credit Card is a program that offers support to students who dream of pursuing higher education without facing financial difficulties.
This scheme shows that the Nitish Kumar government is dedicated to helping Bihar's students succeed academically and build successful careers by providing them with the necessary resources. It aims to make sure that students have the means to excel in their studies and create a better future for themselves.
Benefits and Features of the MNSSBY Bihar Student Credit Card Yojana
Here are the key benefits and features of the MNSSBY Bihar Student Credit Card Yojana:
- Maximum loan amount: Up to Rs. 4 lakh can be availed.
- Loans are available for technical, polytechnic, and general courses.
- Funds can be used for purchasing laptops, books, or paying fees.
- Loan repayment begins only after completing the course and securing a job.
- Divyang, transgender, and girl students may qualify for interest rates as low as 1%.
- Since the loan is government-owned, recovery procedures are not overly strict. In some cases, the government may even waive off the balance.
Eligibility Criteria for MNSSBY Bihar Student Credit Card
To apply for the Bihar Student Credit Card, you need to meet the following eligibility criteria:
- You must be a resident of Bihar.
- You should be at least 25 years old.
- You must have passed the 12th standard.
- You must enroll in a course offered by an authorized institute.
- You must complete the entire course.
Documentation Required for the MNSSBY Bihar Student Credit Card
To avail the Bihar Student Credit Card, you need to submit the following documents:
- Address proof
- Admission proof
- Duly filled common application form
- PAN card of both the co-applicant and the applicant
- Copies of scholarship approval letters
- Tax receipt
- Fee schedule
- Approved course structure
- Income certificate from the previous year or Form 16
- Bank statement for the last six months
- Photographs (2 each) of the student, parents, and guarantor
- Income tax returns for the last two years
- Aadhaar card of both the co-applicant and the applicant
- 10th and 12th standard marks cards of the applicant
Steps to Apply for the MNSSBY Bihar Student Credit Card
Here's a step-by-step guide to applying for the MNSSBY Student Credit Card online:
Step 1: Visit the official MNSSBY website (https://www.7nishchay-yuvaupmission.bihar.gov.in/).
Step 2: Click on 'New Applicant Registration'.
Step 3: Enter your first name, middle name, last name, email ID, Aadhaar number, and mobile number.
Step 4: Click 'Send OTP'.
Step 5: Enter the OTP received on your email ID and mobile number. Click 'Submit'.
Step 6: Once registered, you'll receive login details via email and SMS.
Step 7: Go back to the MNSSBY website.
Step 8: Log in using your username, password, and captcha.
Step 9: Change your password as prompted.
Step 10: Enter your personal details.
Step 11: Click 'Submit'.
Step 12: Select the 'Bihar Student Credit Card' option under 'Select Scheme'.
Step 13: Enter personal details for both applicant and co-applicant.
Step 14: Fill in financial and general details.
Step 15: Click 'Submit'.
Step 16: You'll receive an acknowledgment via email. Make a note of it.
FAQs on MNSSBY Bihar Student Credit Card
How can I check my Bihar student credit card status?
You can check the status of your Bihar student credit card online by visiting https://www.7nishchay-yuvaupmission.bihar.gov.in/ and entering your registration number or Aadhaar number along with your date of birth. After submission, you'll be able to view the status of your Bihar student credit card application.
Are there any age criteria that I need to meet in order to be eligible for the MNSSBY Bihar Student Credit Card Yojana?
Yes, individuals must be at least 25 years old to be eligible for the MNSSBY Bihar Student Credit Card Yojana.
How much loan can I get under the MNSSBY Bihar Student Credit Card Yojana?
Under the MNSSBY Bihar Student Credit Card Yojana, individuals can obtain a maximum loan amount of Rs. 4 lakh.
Which is the official website I need to visit to apply for the MNSSBY Bihar Student Credit Card Yojana?
To apply for the MNSSBY Bihar Student Credit Card Yojana, you need to visit the official website: https://www.7nishchay-yuvaupmission.bihar.gov.in/
Are there income proof documents I need to submit?
Yes, as part of the application process for the MNSSBY Bihar Student Credit Card Yojana, you are required to submit Form 16 and an income certificate as proof of income.