The Bihar government has announced interest-free loans for students who passed class 12 board exams. This change to the Student Credit Card Scheme aims to help students pursue higher education.
Patna, 16 Sep 2025
The Bihar government has announced interest-free loans for students who passed class 12 board exams. This change to the Student Credit Card Scheme aims to help students pursue higher education.
New Loan Terms and Repayment Options
Earlier, loans up to 4 lakh rupees had interest rates of 4% for general male students and 1% for female, differently-abled, and transgender students. Now, all loans will be interest-free. The government has also extended repayment periods. Loans up to 2 lakh rupees can now be repaid in 84 monthly installments instead of 60. For loans above 2 lakh rupees, the repayment time has increased from 84 to 120 monthly installments.
Goals and Expected Impact
Chief Minister Nitish Kumar shared these updates on social media. He said the goal is to make sure students can continue their studies after school. The government thinks these changes will make students more excited about higher education. They hope it will help students shape their own future and the future of Bihar and India. The Student Credit Card Scheme has been running since October 2, 2016. The Bihar government on Tuesday announced that interest-free loans will be provided to students who passed the class 12 board examinations under the Student Credit Card Scheme to help them pursue higher education. Earlier, education loans of up to ₹ 4 lakh were provided at an…
The objective of our government is to ensure that students can pursue higher education.
Students who passed class 12 can now apply for interest-free loans under the updated Student Credit Card Scheme. Follow The Rising News for more verified updates.
Updated 16 Sep 2025, 14:31 IST; source: link
