Bihar Chief Minister Nitish Kumar has announced interest-free education loans for students pursuing higher education. The Bihar Student Credit Card Scheme will now offer interest-free loans to all applicants, with extended repayment periods.
New Delhi, 16 Sep 2025
Bihar Chief Minister Nitish Kumar has announced interest-free education loans for students pursuing higher education. The Bihar Student Credit Card Scheme will now offer interest-free loans to all applicants, with extended repayment periods.
Changes in Loan Repayment Terms
The repayment period for education loans up to Rs 2 lakh has been extended from 5 years to 7 years. For loans above Rs 2 lakh, the repayment time has increased from 7 years to 10 years. These changes aim to make higher education more accessible to students in Bihar. The repayment period for education loans up to Rs 2 lakh has been extended from 5 years to 7 years. For loans above Rs 2 lakh, the repayment time has increased from 7 years to 10 years. These changes aim to make higher education more accessible to students in Bihar. NEW DELHI: Bihar Chief Minister Nitish Kumar has announced interest-free education loan for students pursuing higher education, ahead of the assembly elections. In a social media post, Nitish Kumar said that education loans provided under the Bihar Student Credit Card…
Details of the Student Credit Card Scheme
The Bihar Student Credit Card Scheme was launched on October 2, 2016. It is part of the Saat Nischay Yojana. The scheme helps students who have passed class 12 and want to study further. Earlier, loans up to Rs 4 lakh were given at 4% interest for general applicants. Female, differently-abled, and transgender applicants got loans at 1% interest. The Bihar Student Credit Card Scheme was launched on October 2, 2016. It is part of the Saat Nischay Yojana. The scheme helps students who have passed class 12 and want to study further. Earlier, loans up to Rs 4 lakh were given at 4% interest for general applicants. Female, differently-abled, and transgender applicants got loans at 1% interest. NEW DELHI: Bihar Chief Minister Nitish Kumar has announced interest-free education loan for students pursuing higher education, ahead of the assembly elections….
Our objective is to enable as many students as possible to pursue higher education. These new facilities will boost students morale, allowing them to focus on their studies with greater dedication and enthusiasm, shaping not only their own future but also the future of Bihar and the nation.
Students in Bihar can now apply for interest-free education loans under the updated Bihar Student Credit Card Scheme. Follow The Rising News for more verified updates.
Updated 17 Sep 2025, 11:38 IST; source: link
