Bihar Student Credit Card Scheme – Eligibility, Status, Apply

Bihar Student Credit Card Review – Are you a student from Bihar looking for a credit card? Get to know everything about the Bihar Student Credit Card – its eligibility criteria, features, and how to apply through this review by pricemint. This BSCCY credit card is specially designed for students in Bihar.

It offers them a range of benefits. It helps students to manage their finances and gives them access to a range of exclusive offers. Read on to find out more about this card and how you can apply for it.

Table of Content

What is the Bihar student credit card scheme?

The Bihar Student Credit Card Scheme is an innovative initiative launched by the Government of Bihar to provide financial assistance to students from economically weaker sections of society.

The scheme aims to provide easy access to credit to students who are unable to afford higher education due to financial constraints. it offers a range of benefits including interest-free loans, no collateral requirements, and easy repayment options.

The scheme provides an education loan of up to Rs. 4 lakhs to students at a nominal interest rate of 4% per annum. The loan covers expenses such as tuition fees, books, hostel fees, laptops, and other educational expenses.

Features And Benefits

BSCC Features	Description
Good For Beginners For build Credit History	The Bihar Student Credit Card is a revolutionary financial product designed to help students in Bihar access credit and build a credit history.
Rewards And Cashbacks	The BSCC Scheme credit cards offer a range of rewards and benefits, such as cashback on purchases, discounts on tuition fees, and exclusive offers from partner merchants.
Educational Opportunities	Bihar Students can apply for low-interest loans, scholarships, and other financial assistance. The card also provides students with access to discounts on educational materials, books, and other educational resources
Better Financial Support	It is designed to provide financial support to students in the form of a line of credit, allowing them to make purchases, and pay for tuition fees, and other educational expenses.
Low-Interest rate	It offers a low-interest rate of up to 12.75% per annum, making it an attractive option for students who are looking to access credit.
Zero-Interest Rate Period	It allow users to get a grace period of up to 45 days, allowing students to make payments without incurring any interest charges
Additional Features	It supports multiple additional features to manage their finances. such as a mobile app, online account management, and the ability to set up automatic payments.

Benefits of Credit Card By Bihar Govt.

The BSCC scheme is a great opportunity for students in Bihar to pursue higher education and to develop their skills. It is a great way to ensure that students have access to the financial resources they need to pursue their dreams.

BSCC Scheme Benefits	Description
Financial Assistance For Education	– The scheme provides financial assistance of up to Rs. 4 lakhs to eligible students – You will have to repay in Easy Monthly EMI. – The loan can be used for tuition fees, hostel fees, and other educational expenses.
Insurance cover	Get insurance cover of up to ₹2 lakhs.
Credit limit	The scheme also allows users to get the additional benefit of a credit limit of up to Rs. 10,000 per month for the duration of the loan.
Fee Waiver	It offers multiple fee waivers, such as waiver of processing fees, a waiver of interest on the loan amount

Bihar Student Credit Card Eligibility Criteria

The Bihar Student Credit Card (BSCC) is a scheme launched by the Government of Bihar to provide financial assistance to students in the state. The scheme aims to provide financial assistance to students for pursuing higher education and to promote the development of the state.

Eligibility Criteria	Details
A Resident of Bihar And Age Required	– The applicants must be a permanent residents of Bihar – must be between the ages of 18 and 25 years
Documentations	– The applicants must be a permanent resident of Bihar – must be between the ages of 18 and 25 years
Qualifying Examination	The student must have a minimum of 50% marks in their last qualifying examination
Family Income	The Student family’s minimum annual family income of ₹ 1.5 lakh

Additional Points to Meet with The Eligibility Criteria

1. The applicant must be pursuing higher education in a recognized institution
2. The applicant must have a valid bank account
3. The student does not have any existing credit card or loan
4. A valid mobile number linked with PAN And Aadhar Card
5. You don’t have any pending dues with any bank or financial institution.

Once the eligibility criteria are met, the applicant can apply for the Bihar Student Credit Card Scheme.

How to Apply For a Bihar Student Credit Card

To apply for the Bihar Student Credit Card, you must first meet the eligibility criteria. The application form is available online and can be filled out and submitted along with the required documents. After the application is approved, the credit card will be issued to the applicant. The credit card can be used to pay for educational expenses such as tuition fees, books, stationery, etc.

1. The student has to visit the official website of the Bihar State Government.
2. On the website, you will find a link to the Bihar Student Credit Card application form.
3. Fill out the form with all the required information, including your name, address, contact details, and educational qualifications.
4. Once you have submitted the application form, you will receive a confirmation email.
5. This email will contain a link to the Bihar Student Credit Card website. Here, you will be able to check the status of your application and view your credit limit.
6. To make payments using the BSCC Card, you must first activate your card.
7. To do this, you must visit the official website and log in using your Aadhaar card number.
8. Once you have logged in, you will be able to view your credit limit and make payments using the card.

Conclusion

In conclusion, the Bihar Student Credit Card is a great way for students in Bihar to get access to financial resources. It offers a range of features, including low-interest rates, no annual fees, and easy repayment options. To be eligible for the card, applicants must be between 18 and 35 years old and have a valid identity card. Applying for the card is simple and can be done online. With this BSCC Scheme credit card, students can make their dreams a reality.

Use Pricemint Free Tools And Resources

Home Loan EMI Calculator	Personal Loan EMI Calculator	Mortgage Calculator
Basic Calculator	IFSC Code Search	Age Calculator
ROI Calculator	SIP Calculator	Retirement Age Calculator
Forex Position Size Calculator	Forex Margin Calculator	Forex PIP Calculator
Car Loan Calculator	Forex Profit Calculator	Compare Loans

Frequently Asked Questions (FAQ)