MNSSBY Bihar Student Credit Card: Benefits, Eligibility & Apply

Students who desire to pursue higher education but can’t afford it can now do so. Yes, the Government of Bihar has launched a New Scholarship scheme named MNSSBY, the “Bihar Student Credit Card Scheme.”

What is MNSSBY Bihar Student Credit Card scheme?

The MNSSBY-Bihar student credit card is an ambitious scheme that has made progress. It is known as the Mukhyamantri Nishchay Swayam Sahayata Bhata Yojana (MNSSBY). It was launched to help hardworking students of Bihar who want to make a name for the state by continuing with higher education but need financial assistance. The scheme is for those who are looking to continue with education after class 12th from recognized institutions.

When was the scheme launched?

The scheme was launched on the auspicious occasion of Gandhi Jayanri in 2016 where students can apply for a loan of upto Rs. 4 lakhs and the nominal interest rate of 4% per year is chargeable only. While the same is further reduced for female students as only 1% will be charged from them along with disabled and transgender students.

Eligibility To Avail MNSSBY Bihar Student Credit Card

• The applicant has to be a permanent resident of Bihar
• They need to repay the loan amount after a year of completing the course or after six months of starting their job (whichever is earlier)
• The institution where the student wants to enrol should be recognized for availing of the scheme.
• They should be 25 years of age or older and have completed 12th class, but polytechnic students who pass Class 10th can also opt for the same.
• The family income shouldn’t be more than 50,000.

Also Read: Pradhan Mantri Mudra Yojana: Process, Benefits & Eligibility

Documents required for Bihar Student Credit Card

• Have your PAN and Aadhar card ready.
• Provide a detailed record of your educational qualifications, such as  10th and 12th class mark sheets.
• Provide a residence certificate that will show you are a resident of Bihar.
• You need to provide an income certificate or a Form 16 to determine your family’s financial status.
• Documents authenticating the address, such as driver’s license, voter ID card, etc, are to be provided.
• A copy of the Bank’s passbook, which contains your account number, IFSC code, and branch address, is a must.
• A letter from your college showing the exact duration of the course as well as fee structure is needed.
• Two passport-size photos are mandatory.

Students must show the document that authenticates or confirms their acceptance for higher education. This is important for availing of the Bihar credit card yojana.

Apply for Bihar student credit card online

• Visit the official website 7nishchay-yuvaupmission.bihar.gov.in

• You can see “New Applicant Registration” on the middle right side of the page.
• Please fill in the details such as your first name (Write the correct spelling of the name, as shown in the Class 10th mark sheet), email ID, and mobile number.
• Now, confirm the details, click on the option “Send OTP”, and then submit.
• When you successfully confirm, you can now “Login” to proceed.
• It is essential to change the password and make a new one. Now, the applicant will log in again.
• You will enter the required details.
• Now, afterwards, you need to choose “Bihar Student  Credit Card” as visible on dashboard. This you can see under the “Select Scheme” menu and enter further details.
• Once you enter all the complete details, you click on “Submit”, and you will receive an email showing the acknowledgement you receive.

Also Read: PMEGP : Prime Minister’s Employment Generation Programme

Helpline Number

If you have any concerns regarding Bihar Student Credit Card Yojana, you can call on 1800 3456 444 or email them to [email protected]

 Conclusion

Students can better use the MNSSBY Bihar Student Credit Card scheme for their bright future. If you have any questions regarding this topic, feel free to ask in the comments.