Bihar Student Credit Card Scheme: Empowering Students with Financial Support for Higher Educa on If you are someone who is looking for such a topic, then you (or someone you know who is concerned about this) has finished your schooling. You want to study further. You have a course or college in mind, and even fit into the PGDM eligibility (if that is a course in your mind). But there’s just one thing pulling you back, which is the financial issues. Maybe your parents are trying their best, but it s ll feels ght. Perhaps you’re the first in your family to even think about college. Maybe you’ve googled scholarships, scrolled through videos, asked around, and all you’ve got are confusing answers or half-truths. So here’s the real thing, explained simply. The Bihar Student Credit Card Scheme was launched to help students exactly like you, who have the poten al, the drive, the admission le er… but not the financial backing to make it all happen. This scheme gives you an educa on loan of up to ₹4 lakh. No property papers, no long bank visits, no guarantor from your family. The Bihar government itself acts as your guarantor.
What does the loan cover? More than you’d expect.
Your tui on fees
Books, study materials
Laptop or computer
Hostel or rent, if you’ve moved for your course
Any other academic essen als
The money’s meant to support your educa on, start to finish. So you’re not stuck picking between your college fees and your next meal.
Who can apply? If you’re between 18 and 25 (in some cases up to 30), have passed Class 12 from a recognised board, and are a resident of Bihar, you’re eligible. Get Nietbschool’s stories in your inbox Join Medium for free to get updates from this writer. Subscribe You must also have taken admission into a recognised course anywhere in India. Doesn’t have to be in Bihar. Could be B.Tech, BBA, BSc, BA, MBA, hotel management, pharmacy, nursing… the list is long and flexible.
What’s the catch? Surprisingly, not much. And no, this isn’t one of those government things where you apply and never hear back. There is paperwork involved for you to avail yourself of the benefits of the Bihar student credit card. You’ll need your marksheets, ID proof, admission documents, and a few other things. But the process is doable. Many students are already studying on this loan. Quietly. Without fuss. You don’t have to start paying it back straight away either. Repayment kicks in one year a er you finish your course, or six months a er you get a job, whichever comes first. The interest rate is low. Really low, compared to private banks. And if you’re s ll not working when the me comes? You can apply for some extra me. It’s not one of those rigid setups that force you into panic mode.
What does this mean for you? You don’t have to shelve your dreams because college feels too expensive. You don’t have to look at your family and say, “Maybe next year.” This scheme was made to remove that kind of pressure. This isn’t charity. It’s not a favour. You’re not asking for handouts. You’re simply using a system that was built to help students move forward. So if you’re someone who’s already worried about fees, red of seeing the same confusing info repeated everywhere, and just want a straight path, you’ve got one.
Colleges that support it Lots of colleges across India accept students funded through this scheme. One of them is the NIET Business School, where students can even choose double specialisa ons if they meet the PGDM eligibility. If you’re planning a future in management and want a place that actually understands where you’re coming from, it’s worth keeping on your list. You don’t need to have it all figured out today. But if money is what’s holding you back, know this: you’re not stuck. You’re not alone. And there is a way forward. This scheme exists for that exact reason. Source URL: h ps://medium.com/@nietbschool74/bihar-student-credit-card-scheme-empoweringstudents-with-financial-support-for-higher-educa on-97a236b4ff9d
