Hello,

I hope you are doing fine,

Under the Bihar Student Credit Card charges 4% simple interest (1% simple interest for women, disabled and transgender) through “Bihar Student Education Finance Corporation (BSEF)”.

To fulfill the Bihar Student Credit Card Eligibility criteria, you must follow the following Bihar student credit card guidelines.

• Must be an Indian national to be eligible for the scheme

• Should be resident of Bihar and the Bihar student credit card age limit must be maximum age of 25 Years.

• An intermediate exam that has been cleared by students from Institutions recognized from Bihar School Exam Committee, students that completed 12th from Institution recognized by Central Board of Secondary Education or Equivalent boards, Sub-Shastri students from Institutions recognized by Bihar State Sanskrit Education Board and Moulvi passed student from recognized Institute by Bihar State Madarsa Board will also be facilitated under this scheme. These kinds of Educational Institutes need to be located /situated in Bihar.

• If the applicant is a degree holder of one level, he will not be covered for a degree of the same group under this scheme. This eligibility will not apply to technical and management courses. For instance, under this scheme, the loan shall not be provided to science graduate degree holders for pursuing graduate-level courses for studying again in any other Faculty of Arts, Science or Commerce. But will be eligible for pursuing higher education under courses like MBA or MCA.

• CIBIL score of the student shall be more than or equal to 700. In case the CIBIL score is lower than 700, the next higher authority will sanction it.

• The student should have been enrolled or selected for enrolment for pursuing higher education in the educational institutions recognized by concerned regulatory boards/ agencies of Bihar Govt. or another state Govts. Or the Central Govt.

• The loan application will be received if the student has UID or Aadhar Card Number.

• The loan will be disbursed only for students having valid Permanent Account Number (PAN Card)

I hope you find this information helpful. I wish you all the best for your future.

Good Luck