Approval for Rs 525 Crore has been granted for the scheme for Bihar Student Credit Card. This much amount will be for the financial year 2018-19. The Finance Department has agreed to made it. Actually the issue was that Banks are not cooperating in giving loans to students.
Scheme Development Department told that after the meeting held between Secretary, the fund is allocated from State Scheme fund. This fund will help 500 crore student in financing loans.
Student Credit Card in Bihar is a major scheme for the poor students. This fund enables students to take loan easily.