Top features of the Bihar Student Credit Card Scheme include:
(i) This scheme is legitimate for those students who have cleared their intermediate or 12th-grade education from the Bihar Government-run educational institutions.
(ii) Under this scheme, students can get a loan amount of up to Rs. 4 Lakh.The loan amount can be utilized for pursuing education across technical, polytechnic, or general courses. Additionally, you can use the loan amount to fund the purchase of study materials like books, stationery, and a laptop, or to pay the fees.
(iii) The chargeable interest on this scheme is low at 4%. The interest rate is further lower for females, transgenders & disabled at 1%.
(iv) The scheme offers flexibility of payment, as students need to pay back the borrowed amount after they finish their course and get a job. For instance, if you enroll in the scheme for opting a BSC course of three years, you need not repay the loan during the three years you pursue the course.