Bihar Student Credit Card
Scheme 2025-26
Financial assistance for students from Bihar to pursue higher education including MBBS abroad. Get education loans up to ₹40 Lakhs at subsidized interest rates.
₹40 Lakhs
Maximum Loan Amount
4%
Lowest Interest Rate
1.5 Lakh+
Students Benefited
50+
Partner Banks
Key Benefits of Bihar Student Credit Card
The scheme is designed to make higher education accessible for every deserving student from Bihar.
Up to ₹40 Lakhs
Maximum loan amount for MBBS abroad
0% Margin Money
No margin money required for loan up to ₹4 Lakhs
10 Years Repayment
Flexible repayment tenure after course completion
No Collateral
For loans up to ₹7.5 Lakhs
1% Interest Subsidy
For students from economically weaker sections
Quick Processing
Loan disbursement within 15-30 days
Eligibility Criteria
Student Eligibility
- Permanent resident of Bihar (Domicile Certificate required)
- Passed 10+2 or equivalent examination
- Minimum 50% marks in qualifying examination
- NEET qualified for MBBS/BDS courses
- Age: 17-25 years (relaxation for reserved categories)
Family Income Criteria
- Annual family income less than ₹4.5 Lakhs for interest subsidy
- Income certificate from competent authority required
- EWS/BPL category students get additional benefits
Special Note for MBBS Abroad Students:
Students pursuing MBBS from NMC-approved foreign universities are eligible under this scheme. The loan covers tuition fees, hostel fees, and other educational expenses.
Eligible Courses
- MBBS (Bachelor of Medicine & Bachelor of Surgery)
- BDS (Bachelor of Dental Surgery)
- MD/MS (Postgraduate Medical Courses)
- B.Sc Nursing
- Pharmacy (B.Pharm, M.Pharm)
- Physiotherapy (BPT, MPT)
- Other Medical/Paramedical Courses
Eligible Countries for MBBS Abroad
*Universities must be recognized by NMC/WHO for MBBS degree validity in India.
Interest Rates & Margin Money
| Loan Amount | Interest Rate | Margin Money |
|---|---|---|
| Up to ₹4,00,000 | 4% per annum | 0% |
| ₹4,00,001 - ₹7,50,000 | 4% per annum | 0% |
| Above ₹7,50,000 | Based on bank MCLR | 15% (for above ₹7.5L) |
*Interest rates subject to change as per government notification.
Documents Required
Keep these documents ready before applying for the Bihar Student Credit Card.
Domicile Certificate (Bihar)
State Proof
Income Certificate of Parents
Financial
Caste Certificate (if applicable)
Category
10th & 12th Mark Sheets
Academic
NEET Scorecard
Academic
University Admission/Invitation Letter
Admission
Fee Structure from University
Admission
Aadhar Card & Voter ID (Parents)
Identity
Passport (Student)
Identity
Bank Account Statement (6 months)
Financial
Important:
All documents must be self-attested. For foreign university admissions, get your documents notarized and translated into English if required.
Application Process
Online Registration
Register on the Bihar Student Credit Card portal with basic details.
Document Upload
Upload all required documents in prescribed format.
Verification
Documents verified by designated officials at block/district level.
Loan Approval
Loan sanctioned after eligibility verification.
Disbursement
Amount directly transferred to university account.
Processing Time: 15-30 days from application submission to loan disbursement.
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