How to repay Bihar student credit card?

Repayment starts one year after course completion or five years from loan disbursement, via EMIs over 5–7 years, using methods like ECS, NACH, or cheques.

Who is eligible for student credit card?

Eligibility includes being a Bihar resident, aged up to 25 years (30 for PG), having passed Class 12, and enrollment in a recognized institution.

Who is eligible for a Bihar student credit card?

Residents of Bihar aged up to 25 years (30 for PG courses) who have passed Class 12 and are enrolled in recognized higher education programs.

What is 4 lakh scholarship in Bihar?

It's an education loan under the Bihar Student Credit Card Scheme, offering up to ₹4 lakh at low interest rates for higher studies.

What is 4 lakh student credit card loan in Bihar?

It's a state-backed loan up to ₹4 lakh for tuition, living expenses, and study materials, available to eligible students pursuing higher education.

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MNSSBY Bihar Student Credit Card - Mukhyamantri Nischay Swayam Sahayata Bhatta Yojna

Pragya Pathak

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Updated: 01-07-2025 at 5:30 PM

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MNSSBY Bihar Student Credit Card Scheme is an education program 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.

Read the article to learn about the meaning, benefits, eligibility criteria, MNSSBY login, MNSSBY subsequent payment status, and detailed application process for the MNSSBY Bihar Student Credit Card Yojana.

Overview

Feature	Details
Scheme Name	MNSSBY Bihar Student Credit Card Scheme
MNSSBY full form	Mukhyamantri Nishchay Swayam Sahayata Bhatta Yojana
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
MNSSBY Portal	MNSSBY official website
Loan Repayment Starts After	Completion of the course & securing a job

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.

What Are The Benefits And Features Of Bihar Student Credit Card Scheme?

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 to and as much ₹4 lakhs to carry out expenditures towards education such as fees, books, laptops, and other related items under MNSSBY Bihar.
Wide Courses of Study: MNSSBY Bihar 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.

What Is The 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:

The applicant applying for the scheme must be a resident of Bihar.
The age of the applicants should not be more than 25 years.
All applicants are required to compulsorily pass the 12th standard.
The applicant must be enrolled in an eligible institution.
The course duration must be completed in its entirety.

What Are The Documents Needed For The Student Credit Card Scheme?

To apply for the MNSSBY Bihar Student Credit Card, the following documents must be submitted to the MNSSBY student Portal. The list of those documents is as follows:

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.
A bank passbook is used for making financial transactions.
The student’s uncle/ guardian/ parent’s picture and the student’s picture.

How To Apply For MNSSBY Bihar Student Credit Card Yojana?

Applying for the MNSSBY Bihar Student Credit Card Scheme is simple. All the steps are mentioned below in step-wise format for one’s better understanding:

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

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

Step 3: OTP Verification: After registration, an OTP will be sent to your email address or phone number, now you may use it for verification to complete the registration process of the MNSSBY Portal.

Step 4: MNSSBY login: Some initial login credentials will be sent through email/sms; you will have to use these to log into your respective accounts through MNSSBY login.

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

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

Step 7: Pay the required fee and view the MNSSBY payment status before proceeding.

Step 8: 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:

Step 1: MNSSBY student login: Go to the official page and type your username and password to register.

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

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

How To Log In To The MNSSBY Portal?

Applicants can log in to their profiles by following some simple steps. MNSSBY student login is mentioned below in detail for one’s reference and understanding:

Step 1: MNSSBY student login: Go to the official page and type your username and password to register.

Step 2: Student Portal: In your dashboard, select the ‘Student Portal’.

Step 3: MNSSBY Portal Login: Log in using your username and password.

What Are The Steps For DRCC Login?

One can complete the DRCC login by following some steps mentioned below in detail for one’s better understanding and reference:

Step 1: Visit the website: Go to the official page and navigate to the ‘DRCC login’ option.

Step 2: Fill in the necessary details.

Step 3: Complete the login procedure.

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 MNSSBY college list, 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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