All the students who want to know important details about the Bihar Student Credit Card Yojana will have to read this blog post completely. In this blog post, you will get all the important updates related to the Bihar Student Credit Card Yojana, so read this blog post.
Under this scheme, an amount of up to Rs 4 lakh will be provided to the students of Bihar state who have passed 12th (10th for Polytechnic) to continue their further education.
The loan amount is disbursed through Bihar State Education Finance Corporation established by the state government.
In addition to the amount fixed for living and accommodation, students will be given Rs. 10,000/- per year for purchasing textbooks and reading material. And there is a provision to purchase laptops up to Rs. 35,000/- for students of technical courses.
The maximum age limit of the applicant is 25 years as of the date of application while for postgraduate-level courses, the age limit is 30 years.
Apart from major technical, vocational, and general courses, it is also available for Polytechnic and ITI courses.
4 percent simple interest rate (only 1 percent for women, disabled, and transgender applicants). No interest is payable during the moratorium period i.e. there is no provision for calculating interest.
The loan repayment process is straightforward and convenient. In case of no income, the repayment process is postponed (up to a maximum of 3 years). There is a provision of discount on premature repayment of the amount.
People from all classes, castes, categories, sexes, religions, and income groups can benefit from this scheme. Also, the benefits of this scheme can be availed during the course period as well.
Beneficiaries of the Skilled Youth Programme Scheme can also avail the benefits of this scheme.
Bihar Student Credit Card Yojana 2024 Important Links
| Official Website | Click Here |
| Homepage | Click Here |