Education Loan Waiver Scheme Bihar Registration बिहार छात्र कर्ज माफ़ी योजना Bihar Chhatra Karj Mafi Yojana 2019 How to Apply Student Credit Card Scheme

Education Loan Waiver Scheme Bihar

The State Government of Bihar has decided to start Education Loan Waiver Scheme for the Students of the state who have taken education loans from banks under the Student Credit Card (SCC) Scheme. Under this ‘Loan Waiver Scheme for Students’, Chief Minister Nitish Kumar has announced that the Bihar Government would waive off the student loans in case the students fails to get a job after completing their professional courses.

Education Loan Waiver Scheme Bihar – बिहार छात्र कर्ज माफ़ी योजना

Apart from this, if the students get employment, then he has to repay the loan amount in 82 easy installments. Under the Bihar SCC scheme, all the class 12th pass out students can avail the benefits of the loan facility for pursuing further technical or general education and to build their careers.

Earlier, the Bihar Government has formed Bihar State Education Finance Corporation (BSEFC) for disbursement of interest free loan upto Rs. 4 lakh to students.

Bihar Education Loan Waiver for Students under SCC Scheme

The Bihar Government will soon waive off education loans taken by students under SCC scheme. In case the students getting the facility of loan through Student Credit Card does not get a job, then their loan would be waived off by the state government. Apart from this, in case the students get job in hand then he have to repay the loan amount in 82 easy monthly installments.