उदाThis page is based on information available on the Bihar government's 7 Nishchay Youth Sub-Mission portal (7nishchay-yuvaupmission.bihar.gov.in) as of November 2026. Interest rates, loan limits and eligibility can change, and different pages describe the interest differently — check the portal for current rules before applying.
The Bihar Student Credit Card (BSCC) scheme is part of the Bihar government's "Saat Nishchay" initiative. Students who have passed Class 12 (Class 10 for polytechnic courses) can take an education loan of up to ₹4 lakh for higher education. Per the portal, no security or guarantee is needed for loans up to ₹4 lakh. The loan is provided through the Bihar State Education Finance Corporation (BSEFC).
Who may be eligible
- A Bihar resident who passed Class 12 from Bihar (or from bordering blocks of Jharkhand, Uttar Pradesh and West Bengal); Class 10 for polytechnic courses
- Age not above 25 on the date of application (a 30-year limit is mentioned for certain PG courses)
- An institution accredited by the relevant regulator
- General, professional and technical higher-education courses are described as covered
How to apply
- Apply online for BSCC on the portal (a user manual is available there)
- After applying, get your documents verified at the District Registration and Counselling Centre (DRCC)
- After verification and approval, the loan is released towards the institution's fees
Interest and repayment — read carefully
The portal's guidelines state 4% simple interest on the loan, with 1% stated for women, persons with disabilities and transgender applicants. However, some government summary pages describe a state guarantee with interest subvention or even interest-free terms. So confirm with the portal or your DRCC which rate applies to you before applying.
- Moratorium: no interest is payable until 1 year after the course ends or a maximum of 6 months after getting a job, whichever is earlier
- Repayment: in monthly installments, with the period depending on the amount; a small interest waiver is mentioned for early repayment
The bottom line
After Class 12 this scheme can be a major help in continuing your studies. For a scholarship alternative see our Post-Matric Scholarship guide and the scheme checker.