Bihar’s literacy rate stands at 61.80 percent an indication of progress. 71.20 percent of men can read and write while only 51.50 percent of women have such ability.
India has transformed into a country that rapidly understood the liberalization power of education. Education is the ladder to success, financial status is not a barrier. The education department of the GOI has taken the initiative to empower youth with accessible educational opportunities. The Mukhyamantri Nischay Swayam Sahayata Bhatta Yojana, MNSSBY Bihar Student Credit Card is a hope for students to pursue higher studies without financial burden.
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An innovative scheme that is a testament to the Nitish Kumar administration’s commitment to a brighter future for Bihar’s students with everything they need for academic excellence and prosperous careers. Bihar Student Credit Card: Read on for more information including features, eligibility and documentation, how to apply, etc.
Features and Benefits: MNSSBY Bihar Student Credit Card
The top features and benefits of the MNSSBY Bihar Student Credit Card include:
- The scheme is for those who cleared their intermediate of 12th grade from Bihar Government-run educational institutions.
- Students can get loans up to Rs. 4 Lakh. you can use the loan amount for studies and educational purposes
- The chargeable interest is low at 4%. The interest rate is further lower for females, transgenders & disabled at 1%.
- You are provided with the flexibility of payment. If you enroll in the scheme to opt for a BSc course of three years, you need not repay the loan during the three years you pursue the course.
- The recovery procedure is not strict since the loan is government-owned. In certain cases, the balance may be waived off by the government.
| You Must Know What is the interest rate of a Bihar Student Credit Card? The interest rate of a Bihar Student Credit Card is 4%. Also, there is an applicable concessional rate of 1% for females, transgenders & disabled individuals under this scheme where interest is calculated on a simple interest basis. |
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MNSSBY Bihar Student Credit Card: Eligibility Criteria
The eligibility criteria that fall under MNSSBY are as follows:
- You must be from Bihar ( A Bihar resident)
- Must be 25 years old
- You should pass 12th grade
- You must select a course from an authorized institute
- The course must be completed in its entirety
| You Must Know Can I purchase laptops using my Bihar Student Credit Card? Yes, finally you can use it to buy a laptop with a Bihar Student Credit Card. On average, the credit card can be used as a financial instrument to purchase study material, textbooks, and stationeries or even help pay your educational fees. |
Bihar Student Credit Card (Required Documents)
Mentioned list of documents that are mandatory for the Bihar Student Credit Card:
- Duly filled application form
- Pan card of the co-applicant and the applicant
- Copies of scholarship letters
- Fee schedule
- Previous year’s income certificate
- Last six months’ bank certificate
- Tax receipts
- Aadhar card
- 10th and 12th mark sheet
- Admission proof
- Photographs of the student/parents/guarantor
- Last two years’ income tax return
- Address proof
Application Process of MNSSBY Bihar Student Credit Card
By following the mentioned steps you can easily complete your application process:
- Visit the official website of the – MNSSBY.
- Click on new applicant registration
- Enter your first name, email ID, Aadhar number, mobile number, etc.
- Now click on the send OTP option. After entering details click on submit.
- You will receive login details via Email/SMS.
- Now go to the homepage fill in the username, password, captcha code, etc, and click on login
- Further visible on the dashboard, choose the ‘Bihar Student Credit Card’ option
- Select the menu and enter further details
- Now click on submit, on successful submission you will receive an acknowledgment via email.
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Eligible Courses Under MNSSBY Bihar Student Credit Card
- The MNSSBY Bihar Students Credit Card Scheme covers an extensive range of courses, ensuring students from different educational backgrounds have an opportunity to pursue their ambitions.
- General Academic Courses: B. A., B. Sc., B. Com., and their corresponding master’s degrees like M.A., M.Sc., and M.Com.
- Professional Courses: Technical courses like B. Tech, and B. E., Medical courses like MBBS, and BDS, and Management courses such as BBA, and MBA.
- Vocational Courses: Diploma courses in various sectors including polytechnic, management, and catering technology.
- Technical Courses: Courses such as Bachelor of Physiotherapy, Bachelor of Design, and courses in Mass communication and journalism.
Bihar Students Credit Card College List
Students at some colleges are eligible for the MNSSBY Bihar student credit card scheme. The students eligible for this program will get loans at a 0% interest rate. Under this program, you will be eligible to get a loan of 0% interest up to a maximum of Rs.4 lakh. However, you cannot apply for this loan until you pass your 12th-class examination.
Top Credit Card in India For Students in 2024
The top credit cards for students in India in 2024 are as follows:
| Credit Card | Card Type | Annual Fee | Key Feature |
| SBI Student Plus Advantage Credit Card | Credit Card Against Education Loan | Rs. 500 | Use reward points to pay credit card outstanding bill; 1 reward point for every Rs. 100 |
| ICICI Bank Student Forex Prepaid Card | Prepaid Card | Rs. 199 | 40% discount on excess baggage and 20% discount on DHL courier service |
| Paisabazaar Step UP Credit Card | Secured Credit Card | Nil | 100% credit limit of fixed deposit amount |
| Kotak 811 #DreamDifferent Credit Card | Secured Credit Card | Nil | Credit limit up to 90% of your fixed deposit amount |
| ICICI Coral Contactless Credit Card | Secured Credit Card | Rs. 500 | 2 reward points for every Rs. 100 spent |
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Wrapping UP
The MNSSBY Bihar Understudy Credit Card not only supports them financially, it is also a tool for transforming life among the youths in Bihar as they climb up to their educational goals. This scheme removes such barriers and paves the way for a learned and skilled generation capable of significantly contributing towards development. With its wider eligibility criteria, a wider range of courses, and a clear application process; the MNSSBY stands out as remarkable.
FAQ’s:-
Q1: How to check the payment status of my Bihar student credit card?
Ans. To verify the status of your own Bihar student credit card online, go to https://www.7nishchay-yuvaupmission.bihar.gov.in/ and enter your registration number/Aadhaar number as well as your birth date.
Q2. How much money can I get through a Bihar Student Credit Card?
Ans. You may now borrow Rs 4 lakh for educational purposes with an Interest rate of 4%. However, for women, transgender persons, and the disabled amount to only 1%.
Q3: What is Mnssby’s toll-free telephone number?
Ans. MNSSBY Toll-Free Helpline Number is 1800 3456 444.
