Bihar Credit Card Scheme at CGC Jhanjeri: Everything You Need to Know
CGC Jhanjeri, a renowned educational institution, offers the Bihar Student Credit Card Scheme. This scheme has been specifically designed to support students from weaker financial backgrounds in pursuing their higher education dreams. In this article, we will provide a detailed overview of the Bihar Student Credit Card Scheme, its eligibility criteria, amount of loan, interest rates, and repayment details.
What is the Bihar Student Credit Card Scheme?
The Bihar Student Credit Card Scheme is a state-funded initiative launched by the Bihar Government. Its primary objective is to provide financial assistance to students who are pursuing higher education in the state of Bihar. Since its launch in 2023, this scheme has been instrumental in helping students access quality education without the burden of debt.
Students can apply for this scheme to cover a wide range of courses, including general courses like MBA, professional and technical courses. This scheme aims to bridge the gap in educational opportunities for deserving students and foster a more inclusive educational environment.
Eligibility Criteria for the Bihar Student Credit Card Scheme
To be eligible for the Bihar Student Credit Card Scheme, a candidate must meet the following criteria:
The student must be a permanent resident of Bihar. The student must have completed either their 10th or 12th standard from a recognized institution in Bihar. The annual income of the student's family should not exceed INR 50,000. The student's age should be less than 25 years at the time of application. The scheme provides loans for various educational courses, such as MBA and professional and technical courses.Amount of Loan and Interest Rates
The Bihar Student Credit Card Scheme offers a maximum loan amount of up to 4 Lakhs INR. The interest rate on the loan is typically 4% per annum, with a concessional rate of up to 3% for female students, transgender individuals, and students with disabilities.
Repayment Details
Repayment of the loan is not mandatory immediately after the completion of the course. Students can start repaying the loan once they secure a good job. This flexible repayment structure encourages students to focus on their education without the immediate financial pressure of paying off the loan.
CYG Jhanjeri and the Bihar Credit Card Scheme
CGC Jhanjeri, being a recognized educational institution, provides the Bihar Credit Card Scheme to its students. This scheme is designed to support students who have weaker financial backgrounds in realizing their academic aspirations.
To access the scheme, students first need to submit their first-semester fees to the college. CGC Jhanjeri issues a Bonafide Certificate, which serves as proof of the student's association with the college. This certificate is then submitted to the Bihar Government office managing the scheme. Along with the Bonafide Certificate, students must also submit their 10th and 12th class certificates and a family income certificate.
Conclusion
The Bihar Student Credit Card Scheme is a valuable opportunity for students in Bihar to pursue their higher education without the burden of debt. CGC Jhanjeri plays a crucial role in making this scheme accessible to deserving students. By leveraging this scheme, students can secure a quality education and take a significant step towards their future success.
If you are a student in Bihar with a passion for education and a passion for the future, consider applying for the Bihar Student Credit Card Scheme through CGC Jhanjeri. This scheme offers an invaluable opportunity to achieve your dreams and make a positive impact on your life.
Keywords:
Bihar Student Credit Card Scheme, CGC Jhanjeri, Financial Aid for Higher Education