Overview of Bihar Student Credit Card 2026
The Bihar Student Credit Card is a state government scheme that helps students of Bihar fund higher education without asking them for collateral or a third-party guarantor. Under the scheme, eligible students can get an education loan of up to Rs 4 lakh at a subsidised interest rate of 1 per cent per annum, as per the official scheme. The Bihar government acts as the guarantor, so a student who has secured admission in a recognised institution can focus on studies instead of arranging funds. The scheme was launched to ensure that no student from Bihar drops out of higher education because of money.
The loan is designed for undergraduate, postgraduate and professional courses in India and abroad. Students from SC, ST and other communities can also combine this loan with scholarship support such as the Post Matric Scholarship to reduce their total education cost further.
Key Benefits of the Scheme
- Loan amount: Up to Rs 4 lakh for tuition fees and education-related expenses, as per the official scheme.
- Low interest rate: A subsidised rate of 1 per cent per annum makes it one of the most affordable education loans in the country.
- No collateral: The state government stands as guarantor, so students do not need property or a third-party guarantor.
- Wide coverage: The loan covers tuition fees, hostel charges, examination fees and other course-related costs.
- Easy repayment: Repayment starts only after the course is completed, with a moratorium period as per the official scheme.
- Direct disbursal: The approved amount is credited through the banking system to the institution or the student's account.
Eligibility Criteria
The following are the broad eligibility conditions. Confirm the latest details on the official portal before applying:
- The applicant must be a resident of Bihar.
- The applicant must have passed Class 12 or an equivalent examination.
- The applicant must have secured admission in a recognised institution for a graduate, postgraduate or professional course.
- The applicant's family should meet the income norms prescribed under the scheme.
Documents Required
- Aadhaar card and proof of Bihar residence.
- Class 10 and Class 12 marksheets.
- Admission letter or fee receipt from the institution.
- Bank account details with IFSC code.
- Income certificate or family income declaration, if required.
- Passport size photograph.
How to Apply for Bihar Student Credit Card Online
- Visit the official Bihar Student Credit Card portal or the Bihar service portal linked to the scheme.
- Register using your mobile number and Aadhaar details.
- Fill in the application form with personal, course and bank details.
- Upload the required documents and submit the application.
- Note the application reference number and track the status on the portal.
After verification, the loan is sanctioned and disbursed to the institution or the student's bank account as per the official process. If an application is rejected, check the reason shown on the portal and correct the details before applying again.
Interest Rate and Repayment
The Bihar Student Credit Card is offered at a subsidised interest rate of 1 per cent per annum, as per the official scheme. Repayment starts after the student completes the course, subject to a moratorium period as prescribed by the scheme. The exact repayment schedule and moratorium are notified by the state government, so check the official portal for the latest terms before planning your repayment.