Education and Career Forum

Hello, I am studying 12th from Bihar Board in Patna. Some of my friends informed me about the PNB Bihar Student Credit Card Scheme. I just want to know about the benefits which I can get if I apply for this scheme?

Benefits of applying in PNB Bihar Student Credit Card Scheme?

The loan amount can be utilized for pursuing education across technical, polytechnic, or general courses. Additionally, you can use the loan amount to fund the purchase of study materials like books, stationery, and a laptop, or to pay the fees.

The thing I would like to let you know is that Bihar Student Credit Card Scheme does not require any bank for the disbursement of the education loan amount as it is done by the Education Finance Corporation managed by the Government of Bihar.

For a complete description of the Bihar Student Credit Card Scheme benefits, eligibility criteria, etc., you can refer to the link www.7nishchay-yuvaupmission.bihar.gov.in.

Please find below the list of benefits of applying to the PNB Bihar Student Credit Card Scheme.

You are eligible for a loan up to a maximum of 4 lakhs Under the MNSSBY Bihar Student Credit Card Yojana.
You can use the loan money to pursue technical, polytechnic, or general education degrees in higher education. Also, you can use the loan money to pay tuition or to buy study aids like books, stationery, and a laptop.

Benefits of applying in PNB Bihar Student Credit Card Scheme:

The detailed information of the benefits of applying in the PNB Bihar Student Credit Card Scheme is given below:

Name of the Scheme - PNB Bihar Student Credit Card Scheme

>> The main aim of this scheme is to provide the financial support to the students who have completed 12th Class or Intermediate.

>> Under this scheme, you will be given an opportunity to study the higher education with the financial support from the banking system directly with the affordable as well as reasonable terms and conditions.

>> With this scheme,
@ The fee shall be payable to college or hostel or school directly
@ You can purchase books or uniforms or equipment..etc.,
@ For Caution Deposit, Laboratory, Examination as well as Library fee
@ Insurance premium for the student borrower
@ Purchase of the computer at reasonable price
@ Any other required expenses in order to complete the course....etc.,

Benefits for applying in PNB Bihar Student Credit Card Scheme:-

The loan amount can be used for pursuing education in technical, polytechnic or general courses. Furthermore, you can use the loan amount to buy study materials like books, stationery, and a laptop or to pay fees.

The benefits of applying for the PNB Bihar Student Credit Card Scheme are stated below.

1. Loans up to the maximum of Rs. 4 lacks are available to applicants through the* Bihar Student Credit Card Yojana, administered by MNSSBY.

2. In order to pursue professional, vocational, or basic teaching degrees in higher education, applicants may use the loan funds.*

3. Also, Financial aid can be used to cover costs like tuition, books, laptops, and other necessities.

PNB Bihar Student Credit Card Scheme is an initiative by the Government of Bihar and Punjab National Bank (PNB) to provide financial assistance to students who wish to pursue higher education in India or abroad. The scheme offers several benefits, some of which are listed below:

Low-interest rates: Under the scheme, students can avail of a loan of up to Rs. 4 lakhs at an interest rate of 1% per annum. This is a significantly lower interest rate than what is typically offered by commercial banks, making education more affordable for students from economically weaker sections.

No collateral required: The loan under the scheme is unsecured, which means that students do not need to provide any collateral or security to avail of the loan.

Flexible repayment options: The loan can be repaid over a period of 15 years, with the option to start repayment after the completion of the course. This provides students with a flexible repayment option that can be tailored to their financial situation.

Wide range of courses covered: The loan under the scheme can be used to finance a wide range of courses, including undergraduate and postgraduate courses, technical and vocational courses, and courses offered by recognized universities and institutions in India or abroad.

Easy application process: The application process for the PNB Bihar Student Credit Card Scheme is simple and hassle-free. Students can apply online or offline, and the loan is typically disbursed within a few weeks of the application.