Bihar Education Loan Scheme 2018 – शिक्षा ऋण योजना बिहार – The Bihar Government has started a loan scheme for the students of the state named Bihar Education Loan Scheme. Under this scheme, the state government will provide education loan at an interest rate of 4% to the boys and 1% to the girl students of the state. However, students will have to repay the loan amount after 1 year of completing education in simple installments.
Bihar Education Loan Scheme 2018
After this decision of the Government, students enrolling in 42 courses including doctors, engineers and pilots will be easy and study will be easier. Under the Saat Nishchay, the state government will also provide BSEFC loan on the credit card. BSEFC was inaugurated by CM Nitish Kumar on 4th April in Patna. Its branch in Bhagalpur will be opened in District Registration Centers (DRCCs). The place for this has been decided.
According to the DRCC Manager Ashok Kumar Singh, the order of deputation for three employees of DRCC has come from the headquarters. It is being deployed as a assistant manager, three single window operator (SWW). The office will open in the first week of May.
How to Apply for Bihar Education Loan Scheme 2018
After enrolling in the course, the students will apply for Saat Nischay credit cards. Application of educational documents, admission and details of the institution’s recognition and estimated expenditure should be made with the application. The documents submitted with the application will be verified on the DRC counter.
After verification, the third party verification will be done about the student’s residential and institute. After getting the report correct, the application will then be handed over to BSEFC. From there, the process of issuing the loan amount will be completed in the account of the students.
Students will have to Give NOC
DRCC Manager Ashok Kumar Singh said that all new applicants from the Corporation will get the loan. Apart from this, the old applicants will also get a loan from the corporation, which the banks have not issued the amount after acceptance. For this, the student will have to present himself and present a NOC