Bihar government has announced significant updates to the Bihar Student Credit Card Scheme, bringing numerous benefits for students. The new changes were officially shared by Chief Minister Shri Nitish Kumar, highlighting how students can now take greater advantage of this initiative.
This article provides a detailed overview of the latest modifications in the Bihar Student Credit Card Scheme, explaining what has changed and how students can benefit from it.
Bihar Student Credit Card Scheme – New Updates
If you have previously availed benefits under the Student Credit Card Scheme or are planning to do so, it is important to understand these new changes. For complete details, read this article thoroughly. Additionally, you can access the official notification regarding these updates through the link provided in this article.
| Category | Details |
|---|---|
| Post Name | Bihar Student Credit Card Yojana New Update – Major Announcement: Interest-Free Loans for Students! Check Now |
| Post Date | 16/09/2025 |
| Post Type | Government Scheme (Sarkari Yojana), Latest Update |
| Update Name | Interest-Free Education Loans and Changes in the Repayment Process |
| Scheme Name | Bihar Student Credit Card Yojana |
| Benefit Amount | Up to ₹4 Lakh |
| Official Website | 7nishchay-yuvaupmission.bihar.gov.in |
| Overview | The Bihar government has introduced major updates to the Student Credit Card Scheme, including interest-free education loans and simplified repayment procedures. Students can now avail financial support up to ₹4 lakh for higher education. |
Bihar Student Credit Card Yojana – Latest Update
The Chief Minister of Bihar, Shri Nitish Kumar, has announced a major update regarding the Bihar Student Credit Card Scheme under the 7 Nischay Yojana. This scheme provides financial support to students who have passed the 12th standard. The update was shared officially through the Chief Minister’s verified social media accounts.
Key Updates in the Scheme
Two significant changes have been introduced in the Bihar Student Credit Card Scheme:
Interest on Education Loans: Changes have been made regarding the interest applied to education loans, making it more beneficial for students.
Repayment Period: Modifications have been implemented in the timeline for repaying the loan amount, simplifying the process for students.
Bihar Student Credit Card Yojana – Benefits Under the New Update
Under the Bihar Student Credit Card Scheme, students pursuing higher education can now avail an education loan of up to ₹4 lakh.
Earlier Benefits
- General applicants were charged an interest rate of 4%.
- Female, Divyang (persons with disabilities), and Transgender applicants were charged only 1% interest.
New Updates
- The benefits and terms under the scheme have now been revised. (Details of the revised benefits can be listed here as per official notification.)
Bihar Student Credit Card Yojana – Changes in Loan Repayment Process
The Bihar government has announced important updates regarding the repayment process under the Student Credit Card Scheme:
Loans up to ₹2 Lakh:
- Earlier: To be repaid in 60 monthly installments (5 years).
- Now: Repayment period extended to 84 monthly installments (7 years).
Loans above ₹2 Lakh:
- Earlier: To be repaid in 84 monthly installments (7 years).
- Now: Repayment period extended to 120 monthly installments (10 years).
Bihar Student Credit Card Yojana – Latest Update from the Chief Minister
Under the 7 Nischay Yojana, the Bihar Student Credit Card Scheme has been implemented since 2nd October 2016 for students who have passed the 12th standard and wish to pursue higher education.
Under this scheme
- Students can avail an education loan of up to ₹4 lakh.
- Earlier, general applicants were charged 4% interest, while female, Divyang (persons with disabilities), and transgender applicants were charged 1% interest.
Key Updates Announced by the Chief Minister
Interest-Free Loans:
- Now, all education loans under the scheme will be completely interest-free for every applicant, making higher education more accessible.
Extended Repayment Period:
- Loans up to ₹2 lakh: Previously repayable in 60 monthly installments (5 years), now extended to 84 monthly installments (7 years).
- Loans above ₹2 lakh: Previously repayable in 84 monthly installments (7 years), now extended to 120 monthly installments (10 years).
Bihar Student Credit Card Yojana – Application Process
To apply for the Bihar Student Credit Card Scheme, follow these steps:
- Visit the official website: 7nishchay-yuvaupmission.bihar.gov.in. The link is also provided in the “Important Links” section of this article.
- Click on the “New Applicant Registration” option.
- A new page will open where you need to enter essential details and complete OTP verification.
- After verification, select the scheme and submit your online application.
Important Links
| Description | Link |
|---|---|
| Check Official Notice | Click Here |
| Home Page | Click Here |
| Bihar Student Credit Card Yojana 2025 – Apply Online | Click Here |
| Official Website | Click Here |
Frequently Asked Questions
What is the Bihar Student Credit Card Scheme?
It is a government initiative under the 7 Nischay Yojana that provides financial assistance to students who have passed the 12th standard and wish to pursue higher education.
What is the maximum loan amount under this scheme?
Students can avail an education loan of up to ₹4 lakh for higher studies.
Is the loan interest-free now?
Yes, as per the latest update announced by the Chief Minister, all education loans under the scheme are now completely interest-free for every applicant.
Who is eligible for the Bihar Student Credit Card?
Students who have passed the 12th standard from Bihar and wish to pursue higher education, including general students, female students, Divyang (persons with disabilities), and transgender students.
Where can I find official information and apply online?
Official details, notices, and the online application form are available on the official website
What is the main objective of this scheme?
The scheme aims to help students pursue higher education without financial stress, boost their morale, and support the development of Bihar and India through educated youth.
Conclusion
Bihar Student Credit Card Scheme has taken a landmark step toward empowering students by making education loans completely interest-free. With extended repayment periods and simplified application procedures, the scheme now offers greater financial flexibility and reduces the burden on students and their families. These reforms aim to encourage more students to pursue higher education, boost their confidence, and prepare them to contribute meaningfully to the development of Bihar and India. By removing financial barriers, the government is ensuring that every deserving student has the opportunity to achieve their academic and professional goals.
