Bihar Student Credit Card Scheme

A Student Credit Card Scheme is a financial program that is designed to provide credit card facilities specifically to students who are pursuing their studies. These credit cards typically come with lower credit limits and other features that are suitable for students who are just starting to build their credit history. (Let’s see Mukhyamantri Vyavsayik Pathyakram Margadarshan & Utpreran Yojana article)

Student Credit Card by Bihar Gov Intiative

student credit card

The student credit card scheme is usually offered by banks and financial institutions to help students manage their finances and build credit while they are still in school. Some of the benefits of these credit cards may include lower interest rates, cashback rewards, and discounts on certain purchases.

However, it’s important to note that credit cards should be used responsibly and not viewed as free money. Students should only use their credit cards for necessary expenses and make timely payments to avoid accumulating debt and damaging their credit score.


The Student Credit Card Scheme is a financial product designed specifically for students who are pursuing higher education. The need for this scheme arises from the fact that many students face financial difficulties during their college years, and may not have the necessary funds to meet their expenses.

A student credit card can help students to manage their finances and build their credit history. With a student credit card, students can pay for their tuition fees, textbooks, and other college-related expenses, and can also use the card for their day-to-day expenses.

The benefits of the student credit card scheme include lower interest rates, cashback rewards, and other perks that are designed to help students manage their finances more effectively. Additionally, students can use the credit card to establish credit history, which can be helpful when they apply for loans or other financial products in the future.


The features of a student credit card scheme can vary depending on the issuing bank or financial institution. However, some common features of student credit cards may include:

  1. Lower credit limit: Student credit cards typically have lower credit limits than regular credit cards, which can help students manage their spending and build their credit history.
  2. No annual fees: Many student credit cards have no annual fees, which can be beneficial for students who are just starting out and may not have a lot of money to spend.
  3. Cashback or rewards: Some student credit cards offer cashback or rewards on purchases, which can be a great incentive for students to use their card responsibly.
  4. Easy approval: Student credit cards are often easier to get approved for than regular credit cards, as they are designed specifically for students who may have limited credit history.
  5. Credit education resources: Many student credit cards offer credit education resources, such as online courses or seminars, to help students learn about responsible credit card use and financial management.

It’s important to note that while student credit cards can be a great tool for building credit and learning financial responsibility, they should be used wisely and with caution. It’s important to pay off balances in full each month to avoid high interest charges and to stay within a budget to avoid accumulating debt.

Official Poster

Application Procedure

The application procedure for a student credit card scheme may vary depending on the bank or financial institution offering the credit card. However, here are some general steps that you may need to follow:

  1. Eligibility criteria: Check if you are eligible for the student credit card scheme by reviewing the bank’s eligibility criteria. Generally, you need to be a student with a minimum age of 18 years and above.
  2. Gather required documents: Collect all the necessary documents such as ID proof, address proof, income proof (if any), student ID, and other relevant documents specified by the bank.
  3. Apply online or offline: You can apply for the student credit card scheme either online through the bank’s website or offline by visiting the nearest bank branch.
  4. Fill in the application form: Fill in the application form with accurate details such as personal information, educational details, income details (if any), etc.
  5. Submit the application form: Submit the application form along with the required documents either online or offline.
  6. Verification process: Once the bank receives your application, they will verify the information provided by you and check your credit score.
  7. Approval: If you meet the bank’s eligibility criteria and fulfill all the required documents, the bank will approve your application.
  8. Receive your credit card: Once your application is approved, you will receive your credit card either by mail or you may be asked to collect it from the bank branch.

It is important to use your credit card responsibly and pay your bills on time to avoid any negative impact on your credit score.


Overall, the student credit card scheme helps to provide financial support to students during their college years, and can help them to manage their finances responsibly and build a strong credit history.

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