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The Bihar Student Credit Card (BSCC) is a flagship education loan scheme launched by the Government of Bihar in 2016, under the Mukhyamantri Nishchay Swayam Sahayata Bhatta Yojana (MNSSBY). Its goal is simple: no student in Bihar should have to drop out of higher education due to financial difficulty. Eligible students can borrow up to ₹4 lakh to cover tuition fees, hostel costs, books, study materials, and even a laptop — with the Bihar Government itself acting as guarantor, so no collateral or third-party guarantor is required.
The BSCC interest rate has changed more than once since the scheme launched, and recent reports differ on the current rate — some indicate the standard rate remains a low 4% per annum (with a concessional 1% for female, transgender, and Divyang students), while other recent government announcements suggest the rate has been reduced further, in some cases to 0% (fully interest-free) for all categories.
Because this detail is set by the Bihar Government and can change with policy updates, we recommend confirming the exact, current interest rate directly on the official MNSSBY portal or with your district DRCC office at the time of application, rather than relying on this or any third-party page.
The exact document checklist can vary slightly by category and course. Self-attested photocopies are required at the DRCC verification stage — please carry originals as well for verification.