Bihar credit card (drcc) scheme colleges name

Apply Now

PROGRAMMES OFEERED UNDER
BIHAR STUDENT CREDIT CARD SCHEME FOR SESSION

[ninja_tables id=”149052″]

[ninja_tables id=”149070″]

Top University -Apply Now

CGC Mohali (Jhanjeri)

Bihar Student Credit Card (BSCC) Scheme as an educational loan program for students who have completed their 12th grade. It aims to provide loans to financially deprived students with high ambitions to pursue higher education. It was launched on the occasion of Gandhi Jayanti in 2016 as a part of the Mukhyamantri Nishchay Swayam Sahayata Bhata Yojana (MNSSBY). Students can avail of education loans up to INR. 4 lakhs at a low-interest rate of 4% per annum, with even more marginalised rates for specific student groups like females, people with disabilities, and many more.

MM(DU), Mullana

The Bihar Student Credit Card (BSCC) Scheme is an initiative by the Government of Bihar aimed at providing financial assistance to students pursuing higher education. Under this scheme, eligible students can avail of a loan of up to ₹4 lakhs to cover expenses related to their education, including tuition fees, books, and other essentials.

Baba Banda Singh

Bihar Student Credit Card (BSCC) Scheme as an educational loan program for students who have completed their 12th grade. It aims to provide loans to financially deprived students with high ambitions to pursue higher education. It was launched on the occasion of Gandhi Jayanti in 2016 as a part of the Mukhyamantri Nishchay Swayam Sahayata Bhata Yojana (MNSSBY). Students can avail of education loans up to INR. 4 lakhs

SRM-Sonipat

SRMUH is dedicated to strengthening the national standards of higher education for students in the state of Bihar. In synergy with the visionary Bihar Student Credit Card Scheme, we proudly stand as the gateway to a world-class education for students. Explore our range of programs and embark on a journey of academic excellence.

Chandigarh University

Chandigarh University strives to support students to pursue higher Study. The fraternity has set up a separate loan assistance cell to accommodate the students, during the admission process (Online or Offline) to acquire loans from university-partnered banks.

Manav Rachna University

The Bihar Student Credit Card (BSCC) Scheme is an initiative by the Government of Bihar aimed at providing financial assistance to students pursuing higher education. Under this scheme, eligible students can avail of a loan of up to ₹4 lakhs to cover expenses related to their education, including tuition fees, books, and other essentials.

Bihar credit card (drcc) scheme colleges name

List College Master – M N S S B Y – Government of Bihar

[elementor-template id=”142813″]

[ninja_tables id=”115833″]

OBJECTIVE

Under this scheme, a loan of up to 4 lakh rupees should be provided by the state government to the poor 12th pass students of Bihar state for getting higher education

Benefits to the Citizens

Under the Bihar Student Credit Card Scheme , no interest will be payable to the borrower. The scheme will benefit the students of the state who are originally from poor background and eager to complete their higher education.

Eligibility

• Applicant must be a permanent resident of the state of Bihar.
• The educational institution where the student is from is recognized by the state or central government related regulatory agency.
• Under the Student Credit Card Scheme 2020 , students will be given loans for higher education for general courses, technical or professional programs.
• Students of the state should be 12th pass under this scheme.

Beneficiary:

12th Pass Student for State of Bihar

Benefits:

A loan of up to 4 lakh rupees

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).

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

Purpose :-

•  Fee payable to college++/ school/ hostel*
•  Examination/ Library/ Laboratory fee
•  Insurance premium for student borrower
•  Caution deposit, Building fund / refundable deposit supported by Institution bills/receipts. **
•  Purchase of books/ equipment / instruments / uniforms**
•  Purchase of computer at reasonable cost, if required for completion of the course**
•  Any other expense required to complete the course – like study tours, project work, thesis, etc.**
•  While computing the loan required, scholarships, fee waiver etc., if any available to the student borrower may be taken into account. If the scholarship component is included in the loan assessment, it may be ensured that the scholarship amount gets credited to the loan account when received from the Government.

Notes: ++ For courses under Management quota seats considered under the scheme, fees as approved by the State Government/Government approved regulatory body for payment seats will be taken, subject to viability of repayment.

* In case hostel facility is not available, on production of certificate to the effect by the institute, living expenses (expenses incurred by student borrower towards lodging and boarding) will be reimbursed as per category of the city provided in Annexure II and Standard rates for different category of cities provided in Annexure III.

** These expenses could be considered subject to the condition that the amount does not exceed 20% of the total tuition fees for the entire course

[elementor-template id=”142813″]

Student eligibility:

•  Should be an Indian national.
•  Should be resident of Bihar with Maximum age of 25 Years.
•  Intermediate exam passed student from Institutions recognized from Bihar School Exam Committee, 12th passed student from Institution recognised by Central Board of Secondary Education or Equivalent boards, Sub-Shastri passed students from Institutions recognized by Bihar State Sanskrit Education Board and Moulvi passed student from recognized Institute by Bihar State Madarsa Board will also be facilitated under this scheme. These Educational Institutes must compulsorily be located /situated in Bihar.
•  If applicant is a degree holder of one level he will not be covered for degree of the same level under this scheme. This will not be applicable to technical and management courses. For instance, under this scheme, the loan shall not be provided to science graduate degree holder for pursuing graduate level courses for studying again in any other Faculty of Arts, Science or Commerce. But will be eligible for pursuing higher education under courses like MBA or MCA.
•  CIBIL score of the student shall be more than or equal to 700. In case CIBIL score is lower than 700 it will be sanctioned by next higher authority.
•  Student should have been enrolled or selected for enrolment for pursuing higher education in the educational institutions recognized by concerned regulatory boards/ agencies of Bihar Govt. or other state Govts. or Central Govt.
•  Loan application will be received only if student have UID or Aadhar Card Number.
•  Loan will be disbursed only for students having valid Permanent Account Number (PAN Card)Institutes Eligible for Studies:
•  Educational institutions recognized by concerned regulatory boards/ agencies of Bihar Govt. or other State Govts. or Central Govt.

Courses Eligible for Studies:

General Courses (non-technical), Financial Courses and Technical Courses e.g. B.A., B.Sc., B.Com, Engineering, Management, Medical, Law etc.

Quantum Of Finance

Need based finance to meet the expenses mentioned above will be considered taking into account margin subject to the following ceiling: Maximum up to Rs. 4 lakhs #

# For loan above Rs. 4 lakhs student can apply for loan under our PNB Saraswati, PNB Pratibha and PNB Udaan Schemes.

Security

Parents/ legal guardians to be joint borrower(s). No collateral security. No third party guarantee.

The loan documents should be executed by the student and the parent/ guardian as joint-borrower.

All the loans will be covered under the financial assistance scheme of Bihar Government.

Repayment

Repayment of loan will be in Equated Monthly Installments of (EMI) for a period of 15 years.

Bihar Credit Card (DRCC) Scheme: Empowering Students for a Brighter Future

The *Bihar Credit Card (DRCC) Scheme* is an initiative launched by the Government of Bihar under the *”Mukhyamantri Nishchay Swayam Sahayata Bhata Yojana” (MNSSBY)* to support students in pursuing higher education. This scheme aims to financially assist students who have passed their 12th standard but are unable to continue their education due to financial constraints. It provides credit assistance in the form of an education loan to help students from economically weaker sections realize their academic dreams.

In this blog, we will explore the *objectives, eligibility criteria, benefits, application process, and overall impact of the **Bihar Credit Card (DRCC) Scheme*.

 What is the Bihar Credit Card (DRCC) Scheme?

The *Bihar Credit Card Scheme, also known as **DRCC (District Registration and Counseling Centre) Scheme, was introduced in 2016 as a part of the government’s seven resolves or “Saat Nishchay” program. Its primary focus is to offer **financial aid up to ₹4 lakhs* to students pursuing higher education, technical courses, or professional studies, enabling them to complete their education without the burden of high-interest loans.

[elementor-template id=”142813″]

The Bihar government partners with various public sector banks to issue these loans at *low-interest rates, and the scheme is supervised by the **Department of Education, Bihar*.

Objectives of the Scheme

– *Promote Higher Education*: The scheme encourages students from underprivileged backgrounds to pursue graduation and professional courses.
– *Financial Assistance*: By providing loans at minimal interest rates, the scheme ensures that students have access to quality education without financial difficulties.
– *Skill Development*: The Bihar Credit Card Scheme also facilitates vocational training and skill development programs for students to enhance their employability.

 Key Features of the Bihar Credit Card (DRCC) Scheme

1. *Loan Amount: Eligible students can avail of a loan up to *₹4 lakhs** under the scheme.
2. *Low Interest Rates*: The loans are offered at a low interest rate, with the Bihar government subsidizing a significant portion.
3. *Loan Coverage: The loan amount can be used to cover **tuition fees, hostel charges, books, study materials*, and other educational expenses.
4. *Flexible Repayment: Students are given a **moratorium period of 5 years* or until they start earning, after which they need to begin repayment.
5. *Wide Range of Courses: The scheme covers a broad range of courses, including **engineering, medical, management, polytechnic, and vocational studies*, allowing students to choose a field of their interest.

• Eligibility Criteria for Bihar Credit Card Scheme

To avail the benefits of the *Bihar Credit Card (DRCC) Scheme*, students need to meet the following eligibility conditions:

1. *Residential Status: The applicant must be a **permanent resident of Bihar*.
2. *Educational Qualification: The student must have passed the **12th standard* from a recognized board.
3. *Age Limit: The applicant must be between the ages of **18 to 25 years*.
4. *Institution Approval: The student should have secured admission in a recognized **college, university, or technical institution* within India.
5. *Family Income: The applicant’s family income should not exceed *₹1.5 lakhs** per annum. This ensures the scheme benefits students from economically weaker sections.

[elementor-template id=”142813″]

Courses Covered Under Bihar Credit Card (DRCC) Scheme

The *Bihar Credit Card Scheme* covers a wide range of courses, from undergraduate to postgraduate programs, as well as professional and technical courses. Below is a list of popular courses eligible under the scheme:

 1. *Undergraduate Courses*
– BA (Bachelor of Arts)
– B.Com (Bachelor of Commerce)
– B.Sc (Bachelor of Science)
– BBA (Bachelor of Business Administration)

 2. *Engineering and Technical Courses*
– B.Tech (Bachelor of Technology)
– Diploma in Engineering (Polytechnic)
– B.Arch (Bachelor of Architecture)
– ITI (Industrial Training Institute) Courses

[elementor-template id=”142813″]

 3. *Medical and Paramedical Courses*
– MBBS (Bachelor of Medicine and Bachelor of Surgery)
– BDS (Bachelor of Dental Surgery)
– BAMS (Bachelor of Ayurvedic Medicine and Surgery)
– Nursing, Pharmacy, and Lab Technician courses

4. *Management Courses*
– MBA (Master of Business Administration)
– PGDM (Post Graduate Diploma in Management)

 5. *Vocational and Skill Development Courses*
– Hotel Management
– Fashion Designing
– Graphic Designing
– Animation and Multimedia Courses

 Application Process for Bihar Credit Card (DRCC) Scheme

Applying for the *Bihar Credit Card Scheme* is a straightforward process. Below are the steps involved in the application procedure:

Step 1: *Online Registration*
– Visit the official website of *MNSSBY* or the *7nishchay* portal.
– Click on the *Bihar Credit Card Scheme* option and register by providing basic details like name, date of birth, email, and mobile number.
– You will receive a unique registration number and login credentials via email and SMS.

Step 2: *Fill the Application Form*
– Log in using the provided credentials and complete the application form.
– You will need to upload scanned copies of required documents, such as:
– 10th and 12th-grade mark sheets
– Admission confirmation letter
– Residential proof (Aadhar card, Voter ID, etc.)
– Income certificate of the family
– Passport-sized photographs

Step 3: *Submit the Application*
– After completing the form and uploading the documents, review the application and submit it.

Step 4: *Document Verification*
– Once submitted, you will be called for document verification at the nearest *District Registration and Counseling Centre (DRCC)*.

Step 5: *Loan Sanctioning*
– After successful verification, the loan is sanctioned, and the amount will be credited to the institution’s account to cover tuition fees and other academic expenses.

Required Documents for Bihar Credit Card (DRCC) Scheme

Applicants need to provide the following documents to complete the application process for the *Bihar Credit Card Scheme*:

1. *Aadhaar Card*
2. *Residential Certificate* (Permanent Resident of Bihar)
3. *Income Certificate*
4. *Mark sheets of Class 10 and Class 12*
5. *Admission Letter* from the college or university
6. *Passport-sized Photographs*
7. *Bank Account Details* of the applicant

[elementor-template id=”142813″]

 Benefits of the Bihar Credit Card Scheme

1. *Financial Support*
The Bihar Credit Card Scheme provides substantial financial support to students from low-income families, enabling them to pursue higher education without worrying about financial constraints.

 2. *Low-Interest Loans*
The government offers loans at a very low-interest rate, which reduces the financial burden on students and their families.

 3. *Promotes Education for All*
By covering a wide range of professional, technical, and vocational courses, the scheme ensures that education is accessible to students from all walks of life.

 4. *Skill Development*
The scheme promotes not just academic courses but also vocational and skill-based education, contributing to the overall development of the youth in Bihar.

 5. *Job Opportunities*
Upon completing their education, students are more likely to secure better-paying jobs, thus contributing to the state’s economic growth.

 Impact of the Bihar Credit Card Scheme

Since its inception, the *Bihar Credit Card (DRCC) Scheme* has had a profound impact on the education landscape in the state. Thousands of students have benefitted from this initiative, leading to an increase in enrollment in higher education and professional courses. It has particularly helped students from rural and economically disadvantaged backgrounds to achieve their career goals.

[elementor-template id=”142813″]

 Conclusion

The *Bihar Credit Card (DRCC) Scheme* is a game-changer in the field of education, providing financial aid to deserving students and empowering them to pursue their academic and professional aspirations. By offering loans at low-interest rates and covering a wide range of courses, the scheme is enabling students from all over Bihar to contribute to the state’s development and build a brighter future for themselves.