Bihar CM Nitish Kumar announces interest-free loans for students under Bihar Student Credit Card Scheme, boosting higher education opportunities.
Bihar Chief Minister Nitish Kumar on Tuesday announced that interest-free loans will be provided to students under the Bihar Student Credit Card Scheme.
Earlier, education loans of up to ₹4 lakh were provided at an interest rate of 4% to male applicants, and 1% to female, differently-abled, and transgender applicants who have passed the Class 12 examinations. The Bihar Student Credit Card Scheme has been in effect since October 2, 2016.
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