BIHAR STUDENT CREDIT CARD SCHEME (VISIT www. argans.edu).
BIHAR STUDENT CREDIT CARD YOJANA: ELIGIBILITY, ONLINE, AND BENEFITS.
Since October 2nd, 2016, Bihar Student Credit Card Yojana has been there as a loan scheme to support bright students who have excelled 12th standard to achieve their dreams of doing higher education. The government initiative goal is to fit in the gap left by Gross Enrolment Ratio (GER) in Bihar and similar differences experienced in other parts of the country. This ensures that students are not stopped from pursuing their higher education because of financial constraints. Being a student ion Bihar, you can apply the Bihar Student Credit Card Online to obtain funds that can help you pay for the higher education course. To make a unique financial initiative, this will help you get a rundown of benefits, application procedures, and eligibility terms of the Bihar Student Credit Card Scheme.
WHAT IS BIHAR STUDENT CREDIT CARD YOJANA?
This is a financial scheme which was founded by the government of Bihar. It provides financial support to students in need of financial assistance to complete their higher education. In August 2018, states Gross Enrolment Ratio came up to 14.3%; the average across the country is 24%.
The scheme intends to elevate the ratio up to 30% within a period of 5 years. Beneficiaries are given financial aid amounting to Rs. 4 lakh with the nominal interest rates. B.A, B.Sc., M.B.B.S, or B.Tech courses are funded.
WHAT ARE THE BENEFITS OF THE MNSSBY BIHAR STUDENT CREDIT CARD YOJANA?
The following are the advantages you will gain by being a beneficiary of Bohar Student Credit Card Scheme:
Educational loan amounting up to Rs. 4 lakh.
Students pursuing polytechnic and the general course can get the funds, not those in technical courses alone.
Interest loans are as low as 1% for the girls, divyang students and transgender.
The assistance offered can be utilized in paying fees, purchasing books, laptops among many others.
Recovery procedure of the loan is lenient since it’s owned by the government. In some extreme cases, government waive off the balance completely.
Repayments starts when you have finished your course and already you’ve a job.
ELIGIBILITY TERMS FOR MNSSBY BIHAR STUDENT CREDIT CARD YOJANA.
Application of Bihar Student Credit Card involves the following terms:
Resident of Bihar.
Finish 12th standard education.
Be below 25 years.
Pursuing studies at an authorized institute.
Be able to complete higher education course wholly.
In addition, Bihar government Student Credit Card will require approval of your eligibility with fully signed documents, for example the 10th and 12th standard mark sheets. You must provide a proof showing your admission to the higher education institute. Applicant and co-applicant’s ID is required, address proof, Aadhar and the PAN card are also needed. You will have to submit bank account statements belonging to your parents. Family income certificate should be produced also not forgetting Form 16.
The Bihar government student credit card cannot be compared to conventional credit card obtained from financial institution even though beneficial. This is based on its main reason being to provide financial aid to higher education individuals hence, it cannot offer benefits similar to any other credit card. Therefore, it’s of greater benefits to seek regular credit card that can allow you access revolving credit with other standout features like: Bajaj Finserv RBL Bank Supercard. The 4-in-1 credit cards offers 50-day, withdrawal from ATMs interest free, a 90-day, interest free loan and the split purchases for any worth more than Rs. 3,000 to a manageable EMI’s.
To apply SuperCard having simple eligibility terms you ought to check pre-approved credit card offer. By doing so you are able to receive instant approval via customized deal and a good chance to be a winner of 20,000 points as a welcome reward and a gift to you.