MNSSBY – Bihar Student Credit Card Scheme Apply online, Eligibility & Benefits.

 

The Bihar government launched the programme Mukhyamantri Nishchay Swayam Sahayata Bhata Yojana (MNSSBY) Bihar Student Credit Card in 2016 to improve the number of students admitted to higher education.  The Bihar Student Credit Card Scheme (BSCC) facilitates borrowing up to INR 4 lakh in loans. #Thecareercounsellor

This programme enables students to pursue programmes like B.Tech, M.B.B.S., B.Sc., and B.A. Therefore, submit an online application for the Bihar Student Credit Card programme if you've been having problems with the admissions procedure owing to a lack of cash. Continue reading this page to learn more about this student loan programme.

What are the benefits of the student credit card for Bihar?

The Bihar Student Credit Card programme offers the following advantages to students.

Maximum education loan amount of INR 4,000

The Bihar Student Credit Card allows you to borrow up to INR 4 Lakh to cover your educational expenses. The fees, book purchase, hostel fees, etc., can all be paid for with this sum. For hassle-free admission, apply for a Bihar Student Credit Card if you have completed your 12th grade and are taking entrance tests for college admission.

Minimum Interest Rate

On the amount of your loan, the state government will impose a suitable interest rate, such as:

·       Interest charged at 4%

·       1.0% simple interest (for Physically Handicapped, Transgender, women)

Repayment of Bihar Student Credit Card Loans

The government has stated that student loan repayment will begin at the end of 2018. Some people even refer to it as Bihar Student Credit Card Loan Maaf. If you have a Bihar Student Credit Card Loan for a graduate certification but haven't secured employment, it may be relevant. However, you must pay back the loan in 82 convenient payments if you secure job.

Check Out the College & Courses List for the Bihar Student Credit Card

Eligibility Criteria For the Bihar Student Credit Card

The following requirements must be met by students in order to be eligible for this Bihar government loan programme:

·       My reside in Bihar for Bihar credit card scheme

·       25 years of age or older

·       passed the intermediate test that the Bihar School Exam Committee recognised

·       passed a class in high school that has been deemed acceptable by the Central Board of Secondary Education (CBSE) or another board

·       Institutions for Sub-Shastri students that are accredited by the Bihar State Sanskrit Education Board

·       Institutions that the Bihar State Madrasa Board has approved for Moulvi students. Bihar must be the location of these kinds of educational institutions.

·       The Bihar Student Credit Card scheme does not include students who are already degree holders at one level for degrees in the same group. Students enrolled in technical and managerial programmes are not eligible to apply for the Bihar Student Credit Card Scheme. Science graduate degree holders who wish to enrol in graduate-level courses in any other faculty of the arts, sciences, or commerce are not eligible for this programme. However, individuals might enrol in programmes like MBA or MCA to pursue higher education.

·       Admission in higher education programmes at colleges and universities that have been approved by the Bihar government or other state or federal authorities.

·       Aadhaar card number or unique ID (UID)

·       Permanent Account Number (PAN)

Documents Required for a Bihar Student Credit Card Apply Online.

The following are necessary for to apply for a Bihar Student Credit Card:

·       properly completed application

·       Aadhaar Certificate and mark sheets from the applicant's and co-10th applicant's and 12th grades, as well as a copy of each person's PAN card

·       scholarship copy (if any)

·       approved course structure

·       admission proof

·       fee structure

·       Two passport-sized images of the guarantor, the parents, and the students

·       Form 16 from last year, the previous two years' ITRs.

·       Form 16 from last year, the previous two years' ITRs.

·       Driving licence, voter ID, or passport as evidence of address

·       a tax receipts

Now that you are aware of your eligibility for the Bihar Student Credit Card, let's look at the loan application procedure.

First Step : Registration

To create a free account, follow these instructions:

·       Visit the (MNSSBY) Nischay Yuva Mission's official webpage.

·       Select "New Registration."

·       Name, phone number, and email address

·       Press the "Send OTP" button.

·       You will now get an OTP message on your cell and email.

·       Put the OTP in.

·       Press the "Submit" button.

·       You'll see a confirmation message on your screen.

·       Verify your information to make sure it is accurate.

Second Step : sign in

Your username and password will be sent to you through SMS or email once your registration has been successful. Now, follow the online application procedures for the Bihar Student Credit Card. 

·       Sign in with your account.

·       Change the password after that

·       On the "Personal Information" page, enter your information.

·       Complete the blanks.

·       Press the "Submit" button.

·       A message of confirmation appears.

·       The "Ok" button should be used to confirm your information.

·       Select "Next."

·       You will be taken to the schemes page, where you must choose one of the schemes from the drop-down menu in order to submit an application. Simply select "Bihar Student Credit Card."

Third Step :  Add Co-applicant Information 

You must enter specific details regarding co-applicants on the BSCC website, such as :

·       Personal data, such as name, address, and phone number

·       Detailed financial and income information, including a bank statement, ITR, and Form 16

·       Employment information, including a pay stub and an employer-issued ID card

·       Details of any securities offered, such as National Savings Certificates and FDs, are provided.

·       Bihar Student Credit Card for MBA, BA, MSC, MBBS etc. Details of Course/Study, for Which Loan Is Sought

·       The co-net applicant's worth, including their investments, savings, and real estate in India.

·       Loan information including loan amount, interest rate, paid and remaining EMIs, and lender

·       Preferred payment terms - Select the tenure and payment method that you are satisfied with.

Important Keys

·       For co-applicants, only the first portion of the application form needs to be completed. These contain information about them, such as their names, parents' names, addresses, etc. To enter the aforementioned data, you must click through several tabs.

·       If you are unable to complete the application in one spot, you have the option to "save drafts" so that you can finish it later.

·       You may see the choice to "submit" at the final TAB. The system will provide a preview of all the records you have entered as soon as you press the button.

·       Additionally, an alert message will display.

"After submitting the application, you cannot edit any information. Please double-check the data before submitting it. Select on "YES" to submit the application; otherwise, click "No."

Now a confirmation message appears, followed by a PDF version of the acknowledgment. You can print or download the acknowledgment. Additionally, the registration ID will be included in an SMS that you'll get. The District Registration and Counselling Center (DRCC) manager will then set up an appointment. As a result, the day of your visit to DRCC will be mentioned in an email and SMS you will receive. Visit DRCC on the designated date with a photocopy of each needed document that has been self-attested.

Other formalities to make sure

Visit the bank to complete the necessary paperwork by doing the following:

·       The Multi-purpose Assistant (MPA) will verify the documents when you provide them at the counter.

·       The MPA will verify the applicant's identity using Aadhaar and look up additional information.

·       The MPA scans the paperwork and takes your picture.

·       The MPA will issue an acknowledgment slip after everything is finished.

·       The information will be given to Assistant Manager following MPA verification.

·       The information will be transmitted to the Third-Party Verification Agency after being verified by the Assistant Manager.

·       Your loan application will be forwarded to the designated official from the Education Department by the Assistant Manager following a successful verification report by the Third-party Administrator (TPA) within 15 days. Additionally, they will send the application to the relevant bank.

·       The Bank notifies DRCC of the confirmation of the education loan.

·       Within 15 days, they will now upload the sanction letter.

·       The bank and DRCC will send you an SMS and email notifying you of the date you must visit their office to pick up the Student Credit Card and the approval letter for your education loan.

How To Check Your Bihar Student Credit Card Application Status?

By calling the Bihar Student Credit Card toll-free number (1800 3456 444) or going to the MNSSBY website, you can find out the status of your loan application

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