Student credit card: Loan of 4 lakhs for studies, know when to return money and how much interest is charged

Last updated: May 29, 2025, 10:14, is the ‘Student Card Card Scheme’ of the Bihar government receives education loans up to Rs 4 lakh, 4% for boys and 1% interest rate for girls, transgender and disabled students. Understand the X student card card scheme, the entire ABCD (symbolic photo) highlights students an education loan of up to Rs 4 lakh. 4% for boys, 1% interest for girls, transgender and disabled students. To repay the loan, you get 1 year after the course is over. Jehanabad: In every state of India, different schemes are performed in light of the need of people. Some plans are for the elderly, and others for women or students. Many schemes have also been made for studies. In fact, there are still many students in the country, whose parents do not have the money to pay the fees of college or professional courses. In such a situation, these children cannot study further, although they are good in studies. The Bihar government has begun a ‘student credit card scheme’ to overcome this problem. Under this scheme, assistance is provided to such students who are financially weak but want to study. Under the scheme, students receive a training loan of up to Rs 4 Lakh. So that they can go to any city and study. In countries such as Delhi, Chennai, Punjab and Haryana, many students from Bihar are studying with the help of this scheme. How much interest should be paid at 4 lakhs? Harssha, assistant manager (scheme) of Jehanabad DrCC, said that under this scheme, money as an installment gets money. The biggest thing is that the interest rate in this scheme was kept very low. 4 percent of annual interest for boys is an annual interest. While this interest for girls, transgender and disabled students is only 1 percent. The maximum loan limit is Rs 4 lakh. How much time do you get to repay the loan? If a student does a 3 -year -old course, he gets more time after the course. That is, he does not have to pay any installment of the loan for 4 years. This is a kind of discount, so the student can get a job first. If for some reason the student is unable to repay the loan even after 4 years, he must pay an affidavit. It gives him more time for 6 months. If he still can’t return the money, he must submit a new affidavit every 6 months. This process must be done twice a year and go to the DrCC office. This scheme provides great support to students to the Bihar government; This scheme is useful for thousands of students who have left their studies only due to lack of money. Now they can also move forward by taking admission in courses such as doctors, engineers, accounts. About the author Manish Kumar Manish Kumar has been active in the world of news for the past 15 years. Worked with many institutions in the journey, ranging from radio, TV to digital media. Worked in News18Hindi for the past five years. Politics of sports and then … Read more Manish Kumar has been active in the world of news for the past 15 years. Worked with many institutions in the journey, ranging from radio, TV to digital media. Worked in News18Hindi for the past five years. Politics of sports and then … Read more location: Jehanabad, Bihar Homebihar gets a 4 lakhs loan for studies, know when to return the money