Nitish Kumar Announces Interest-Free Loans Under Student Credit Card Scheme

In the run up to the Bihar Assembly elections, Chief Minister Nitish Kumar has announced a major relief for students seeking higher education. From now on, loans taken under the Bihar Student Credit Card Scheme (BSCCS) will be completely interest-free for all applicants.

Students can avail up to Rs 4 lakh education loan under the scheme.

Earlier, general applicants paid 4 per cent interest, and women, divyang, and transgender applicants paid 1 per cent interest under this scheme.

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