Here is Instruction that was given to all Universities, Deemed Institutions, Colleges in all states and UTs in India
Sub : Verification of genuineness of admission letter issued by your institution.
Government of Bihar has launched the Bihar Student Credit Card Scheme (BSCCS) from 2nd Oct 2016. The objective of the scheme is to provide Education Loan through banks for students of Bihar enrolled into Graduate / Post Graduate courses in recognized central and state universities / Institutions/ colleges either in Bihar or any where in the country.
To avail this scheme, students who have obtained admission or currently pursuing graduate / post graduate courses in any of the recognized central and state universities / institutions/ colleges apply with their details and documentary evidence. With a view to prevent irregularities, the Government of Bihar has engaged a Third Party Verification Agency (TPVA) to validate and obtain the credentials of the universities / institutions/ colleges, validate the admission offer, hostel allotment letter etc and also obtain the bank account details of the concerned Institution / University College to enable disbursement of the loan amount directly into the bank account of the Institutions.
Here is the official letter for your concern :
Student Credit Card Verification agency circular