Bihar Student Credit Card Scheme: Admission Procedure and Eligibility

The Bihar Government launched the Bihar Student Credit Card (BSCC) Scheme as an educational loan program for students who have completed their 12th grade. It aims to provide loans to financially deprived students with high ambitions to pursue higher education. It was launched on the occasion of Gandhi Jayanti in 2016 as a part of the Mukhyamantri Nishchay Swayam Sahayata Bhata Yojana (MNSSBY). Students can avail of education loans up to INR. 4 lakhs at a low-interest rate of 4% per annum, with even more marginalised rates for specific student groups like females, people with disabilities, and many more.

How Does CGC Jhanjeri Help You Benefit From The Bihar Credit Card Scheme?

NAAC A+ Premier Institute

CGC Jhanjeri is a highly reputed college in North India that has been awarded the prestigious NAAC A+ rating for its academic excellence. The college is known for its outstanding educational and sports achievements, making it one of the most influential colleges in the region.

100% Career Opportunities

Many career opportunities are available for individuals with diverse skills, interests, and backgrounds. From business and technology to finance and education, the possibilities are endless. With the proper training, education, and experience, the sky's the limit.

Well-Regarded Mentors From IITs

Highly regarded faculties from institutes of technology (IITs) visit the college. These mentors bring a wealth of knowledge and experience, which they share with the students at CGC. This is a unique learning experience for the students and helps them gain valuable insights into their fields of study.

Scholarships Up To 100%

With an initial investment of INR 5 crore, a programme was initiated in 2021 to assist over 400 students. The allocated budget for the fiscal year 2024-25 is 12 crores of INR. The scholarships have been instrumental in helping students overcome financial barriers and pursue their academic aspirations with ease.

Project-based & Experiential Learning

CGC uses hands-on experiences and engagement in real-world projects to guide students to new heights of academic growth. Both approaches give students practical skills, critical thinking abilities, and a deeper understanding of the subject matter.

Unmatched Placement Record

CGC Jhanjeri has tied up with various top companies to understand the latest market trends and provides 360-degree pre-placement training to students. Furthermore, Praxis Media has ranked it as the best placement in Punjab.

Bihar Student Credit Card Scheme Features

Here are the details of the Bihar Student Credit Card Scheme, which you should know before applying at Chandigarh Group of College, Jhanjeri. Let us look at them:

  1. You can now get loans up to Rs 4 lakh to help you pursue your education.
  2. The loan has a low interest rate of 4%. However, if you're fe­male, transgender, or disable­d, you qualify for a 1% interest rate.
  3. Stude­nts borrowing for education don't repay loans instantly. They re­pay post-graduation and employment. If studying for a 3-year bachelor, they repay after finishing their studies and finding work. This allows for focusing on education without immediate re­payment stress.

The Bihar Credit Card Scheme is an excellent opportunity for students to pursue higher education without worrying about the financial burden. This scheme has some fantastic features that make it attractive and inclusive.

Bihar Credit Card Scheme Eligibility Criteria

To get benefits from the Bihar credit card scheme for admissions at CGC, Jhanjeri, students must fulfil the following eligibility criteria:

  1. The Bihar Student Credit Card is only available for residents of Bihar.
  2. To be eligible for the Bihar credit card yojana, students must have completed their 12th grade at a recognised educational institution. However, polytechnic applicants who have completed 10th grade can still qualify for this scheme.
  3. The Bihar student credit card age requirement should be 25 or older.
  4. The maximum acceptable threshold for family income is INR 50,000.
  5. Students must ensure they are enrolled in a recognised institution. This means the college has government approval and accreditation to offer academic programs and degrees.

So, what records will you need to apply for this BSCC Scheme? Let's examine them in more detail.

Documents Required For Bihar Student Credit Card

  1. To apply for the service, you must provide a copy of your identification documents, such as Aadhar and PAN cards.
  2. It would be best to show how much money your family makes to apply for certain things. You can do this by giving an income certificate or a Form 16. This will help the people in charge understand your financial situation better.
  3. You will have to provide records of your academic performance, including your marks in the 10th and 12th grades.
  4. You will need to provide a residence certificate confirming your residence.
  5. To be eligible for the Bihar credit card yojana, applicants must provide a document proving they have been accepted into a higher education course.

Bihar Student Credit Card Scheme Admission Process For CGC Jhanjeri

To apply for the Bihar student credit card online, you have to follow the following steps:

  1. Visit the MNSSBY Bihar Student Credit Card portal website.
  2. Find "New Applicant Registration" and click.
  3. Type in your first name, email, Aadhar number, mobile number, etc.
  4. Choose "Send OTP" to complete registration. Enter the email and mobile OTP that you will receive, and click "Submit."
  5. After submitting the above information, you will receive your login credentials via email or SMS.
  6. Navigate back to the homepage and input your given username, password, and captcha. Click "Login" to continue.
  7. The security process requires you to change and update your password. Use the new password to log in again.
  8. After logging in, you will be directed to a page where you must enter and submit your Bihar credit card scheme details.
  9. Select "Bihar Student Credit Card" from the "Select Scheme" menu on the dashboard.
  10. Fill out the financial and general information. After filling out the required information, you must choose the specific course and the school you are interested in at CGC Jhanjeri. For example, select Chandigarh School of Business to apply for an MBA program. Correspondingly, should othe­r educational programs pique your curiosity, you have the­ option to select their re­spective institutions, encompassing Chandigarh Law Colle­ge, Chandigarh Pharmacy College, and Chandigarh Engine­ering College.
  11. Upon finalizing your se­lections, proceed by clicking the­ "Submit" button to complete the proce­ss.
  12. After a few days, you will receive an email confirming your application, and the funds will be sent directly to Chandigarh Group of Colleges, Jhanjheri.

Which Courses Are Enrollable With The Bihar Credit Card Scheme At CGC Jhanjeri?

Business Management


Frequently Asked Questions (FAQs)

Q. Who is eligible for a student credit card in Bihar?

A. Residents of Bihar who have passed their 12th-grade exams and are enrolled in recognised higher education courses are eligible. Age limits may apply.

Q.What is the interest rate for a Bihar student credit card?

A.The standard interest rate is 4%. There's a 1% concession for female, transgender, and disabled students.

Q.When was the student credit card scheme launched in Bihar?

A.The Bihar Student Credit Card Scheme was launched as part of a larger state government initiative in 2016.

Q.What is the maximum amount of a student credit card in Bihar?

A.The maximum loan amount available through the Bihar Student Credit Card scheme is Rs. 4 lakh.

Q.Can I buy a laptop with a student credit card?

A.Yes, depending on your course of study, the Bihar Student Credit Card can be used to purchase necessary educational expenses, such as a laptop.