MNSSBY Bihar Student Credit Card Scheme is an education programme of the Bihar government to grant students loans for higher studies. Launched in the year 2016. The objective of this govt scheme is to make sure that students do not miss out on their education because of the fees. Under this scheme, students can avail of a loan of up to ₹ 4 Lakh with lesser interest pressures.

Feature	Details
Scheme Name	MNSSBY Bihar Student Credit Card Scheme
Launched In	2016
Maximum Loan Amount	₹4 lakh
Applicable For	Technical, Polytechnic, and General Courses
Interest Rate for Special Categories	As low as 1% for Divyang, Girls, Transgender students
Official Website	mnssby.bihar.gov.in
Loan Repayment Starts After	Completion of the course & securing a job

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What Is MNSSBY?

The MNSSBY Bihar Student Credit Card Scheme is a government loan scheme programmed by the government of Bihar in the year 2016. This scheme primarily aims at assisting students to undertake undergraduate or diploma courses without the fear of paying heavy fees and other related expenses. It enables students to avail of loan facilities of up to ₹4 lakh so that they do not drop out.

Benefits And Features Of Sarkari Yojana

The MNSSBY Bihar Student Credit Card Scheme offers a range of features aimed at making higher education accessible to all students in Bihar. Below are the primary benefits:

• Maximum Loan Limit of 4 Lakhs: People can avail of education loans up and as much ₹4 lakh to carry out expenditures towards education such as fees, books, laptops and other related items.

• Wide Courses of Study: The scheme is relevant for undergraduate degree courses which are technical or else polytechnic or general degrees.

• Minimum Interest Rates: Special categories like Divyang, transgender, and girl students avail the rate of interest which is as low as 1%.

• Simple Repayment: The repayment schedule of education loans commences only when the student completes his course and gets a job, thus ensuring ease of repayment during the period of study.

• Flexible Purpose: The loan can be used in payment of tuition for studies, purchasing of study materials as well as hostel accommodation charges.

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Eligibility Criteria For MNSSBY

For a student to be able to apply for the MNSSBY Bihar Student Credit Card Scheme, it is necessary to satisfy the following criteria:

• An applicant has to be a resident of Bihar.

• The age should not be more than 25 years.

• They must have passed the 12th standard.

• The applicant must be enrolled in an eligible institution.

• The course duration must be completed in its entirety.

Required Documents

To apply for the MNSSBY Bihar Student Credit Card, the following documents must be submitted:

• Complete the application form.

• PAN Card of the applicant and co-applicant.

• Latest income certificate of the applicant.

• 10th and 12th standard report cards.

• Proof of joining an approved institution.

• Aadhaar card including address proof.

• A bank passbook is used for making financial transactions.

• The student’s uncle/ guardian/ parent’s picture and the student’s picture.

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Step-By-Step Guide to the Application Process

Applying for the MNSSBY Bihar Student Credit Card Scheme is simple. Here’s how you can do it:

1. Visit the Official Website: Go to the official MNSSBY website.

2. New Applicant Registration: To register as a new applicant, kindly provide your name, and mobile number as well as an Aadhaar number.

3. OTP Verification: After registration, an OTP will be sent to your email address or phone number, now you may use it for verification.

4. Login: Some initial login credentials will be sent through email/sms; you will have to use these to log into your account.

5. Fill Out the Form: Complete the form with all necessary personal and financial details.

6. Upload Documents: It is necessary to submit the documents as proof of admission and income certificate.

7. Submit: After going through all the details, apply. You will receive a confirmation via email.

How To Check The Status Of The Application?

Once you've successfully submitted your application for the MNSSBY Bihar Student Credit Card, it’s important to track the progress. You can easily check the status of your application online. Follow these simple steps to see where your application stands:

1. Log In to the Portal: Go to the official page and type your username and password to register.

2. View Application Status: In your dashboard, select the ‘Application Status’ section to view the application status.

3. Check Status: Check if any documents are missing or if the application is under review.

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List Of Eligible Courses And Colleges For The Scheme

The MNSSBY Bihar Student Credit Card Scheme covers a variety of undergraduate, diploma, and technical courses, including but not limited to:

• B.Tech

• B.Sc

• M.B.B.S.

• B.A.

• Diploma in Engineering

For a complete list of eligible courses and colleges, visit the official website MNSSBY Eligible Courses.

Conclusion

Students from every corner of the state have found that the MNSSBY Bihar Student Credit Card beneficial scheme has in particular made it easier for their preparation for education at a higher level. This is a very good initiative to provide higher education to everyone, irrespective of their financial status.

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Important Links

Official website: https://www.7nishchay-yuvaupmission.bihar.gov.in/

Contact Information: https://www.7nishchay-yuvaupmission.bihar.gov.in/drccContactDetails