Bihar Student Credit Card Scheme: Benefits & Eligibility - - Kotak Bank
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The Bihar State Government has introduced the Bihar Student Credit Card Scheme 2023, which provides education loans to 12th-pass students. The scheme details and application form are on the website The loans, amounting to a maximum of Rs 4 lakh, are available for higher education in general courses like B.Tech, MBA, and B.A/B.Sc, as well as professional and technical courses.

This scheme aims to assist students pursuing higher education in Bihar. Whether you are interested in technical, polytechnic, or general studies, this scheme will benefit you. If you wish to continue your higher studies, you can use the Bihar Student Credit Card Scheme 2023.

Bihar Student Credit Card Scheme Features:

(i) For students who have completed their intermediate or 12th-grade education from Bihar Government-run educational institutions.

(ii) Provision of loans up to Rs 4 Lakh, which can be utilised for pursuing technical, polytechnic, or general courses. The loan amount can also be used to purchase study materials such as books, stationery, and laptops and pay fees.

(iii) Low-interest rate of 4% applicable to the loan. However, for females, transgender individuals, and people with disabilities, the interest rate is even lower at 1%.

(iv) Repayment flexibility, as students must repay the borrowed amount after completing their course and securing employment. For example, if you opt for a three-year BSC course, you are not obligated to repay the loan during the duration of the course.

These features collectively make the Bihar credit card Scheme an attractive and inclusive opportunity for students to pursue higher education without excessive financial burden.

Eligibility Criteria for Bihar Student Credit Card

To access the Bihar Student Credit Card, applicants must fulfil the following eligibility conditions and provide the specified documentation:

Eligibility Requirements:

  • Residence: Applicants must be residents of Bihar.
  • Age: Bihar student credit card age limit should be 25 years of age or older.
  • Education: Applicants must have completed and passed the 12th grade.
  • Higher Education: Applicants must have enrolled or been accepted into a recognised educational institution for further studies.

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Required Documents:

  • Identity Proof: Applicants must provide copies of their Aadhar and PAN cards.
  • Income Certificate or Form 16: Applicants should submit proof of family income, such as an income certificate or Form 16.
  • Academic Records: Applicants must provide their 10th and 12th class mark sheets.
  • Residence Certificate: Applicants must submit a certificate verifying their place of residence.
  • Proof of Admission: Applicants must provide documentation demonstrating their admission to the higher education course for Bihar student credit card eligibility.

Steps to Apply for the Bihar Student Credit Card Online

To apply for a Bihar Student Credit Card online, please follow the step-by-step instructions provided below:

  • Go to the official website of the Bihar Student Credit Card portal - MNSSBY.
  • Look for the "New Applicant Registration" option and click on it.
  • Fill in the required details, including your first name, email ID, Aadhar number, mobile number, etc.
  • To confirm your details and complete the registration, click the "Send OTP" option. Enter the OTP received on your email ID and mobile number, and click "Submit."
  • After successfully submitting the above details, you will receive your login credentials via email or SMS.
  • Return to the homepage and enter your username, password, and captcha code in the provided fields. Click on "Login" to proceed.
  • You will be prompted to change and update your password as part of the security process. Once done, log in again using the new password.
  • Upon successful login, you will be directed to a new page where you need to enter and submit your details for the credit card scheme in Bihar.
  • Select the "Bihar Student Credit Card" option from the "Select Scheme" menu on the dashboard, as indicated.
  • Provide the necessary financial and general details as prompted, then click "Submit."
  • After applying, you will receive an acknowledgment via email to confirm the successful submission.

Also Read: How OTPs are Securing Credit Card Transactions In India


Q1. How much credit can I avail through the Bihar Student Credit Card?

Eligible applicants under the MNSSBY Bihar Student Credit Card Yojana can secure up to Rs 4 Lakhs, the maximum loan amount available. The Bihar student credit card interest rate starts at a competitive interest rate of 4%, ensuring students' affordability and ease of repayment. By providing access to such a substantial loan with a favourable interest rate, the MNSSBY Bihar Student Credit Card Yojana aims to support and empower students in pursuing their educational aspirations without undue financial burden.

Q2. Is there an upper age limit for applying for the Bihar Student Credit Card?

To be eligible for the Bihar Student Credit Card, you need to meet the eligibility criteria. You need to be a resident of Bihar, your age should be of 25 years or above, having completed the 12th grade, and you be enrolled or selected for a higher education program at a recognised educational institution.

Q3. Can students from any stream or discipline apply for the Bihar Student Credit Card?

Certain criteria need to be fulfilled to be deemed eligible for the Bihar Student Credit. These requirements encompass being a resident of Bihar, attaining the age 25 years or above, completing and passing the 12th grade, and enrolling or being selected for a higher education program at an officially recognised educational institution.

Q4. Is the Bihar Student Credit Card interest-free?

The Bihar Student Credit Card provides students with a remarkably beneficial service by charging an incredibly lenient interest rate of only 4%. This extremely low-interest rate signifies that pupils can pursue their educational dreams with minimal economic responsibilities weighing them down.

Q5. How can I check my Bihar student credit card status?

If you have any inquiries or concerns regarding the Bihar student credit card status, there are two convenient ways to seek assistance. You can contact the helpline at 1800 3456 444, where a dedicated team will be available to address your queries and provide guidance. Additionally, you can email [email protected], allowing you to communicate your questions or feedback in writing. Whether you call or email, the Bihar Student Credit Card Yojana ensures that your concerns are promptly addressed, providing you with the necessary support and information.

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Disclaimer: This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. The Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Article. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from the Bank. The Bank, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein. Tax laws are subject to amendment from time to time. The above information is for general understanding and reference. This is not legal advice or tax advice, and users are advised to consult their tax advisors before making any decision or taking any action.