The Bihar Student Credit Card Scheme is an innovative initiative launched by the Government of Bihar to provide financial assistance to students from economically weaker sections of society.
The scheme aims to provide easy access to credit to students who are unable to afford higher education due to financial constraints. it offers a range of benefits including interest-free loans, no collateral requirements, and easy repayment options.
The scheme provides an education loan of up to Rs. 4 lakhs to students at a nominal interest rate of 4% per annum. The loan covers expenses such as tuition fees, books, hostel fees, laptops, and other educational expenses.