In a significant move towards empowering the youth of Bihar, the Government of Bihar has introduced the Student Credit Card Yojna. This initiative is designed to provide financial support to ITI (Industrial Training Institute) students, ensuring they have the means to pursue quality education and secure a brighter future. Let's take a closer look at the benefits of this scheme:

Financial Support Worth ₹2 Lakhs:

Under this scheme, eligible ITI students can avail themselves of financial support of up to ₹2 lakhs. This support covers various aspects of their education journey.
College Fees Covered:

One of the most significant benefits is that the government covers the college fees for the students. This means that the financial burden of tuition fees is lifted off their shoulders, making education accessible to all.
Laptop Purchase Assistance:

Additionally, students receive ₹35,000 to purchase a laptop, a crucial tool for their academic and future professional endeavors. This not only aids in their studies but also prepares them for the digital age.
Monthly Living Expenses:

To support students in meeting their daily living expenses, the scheme provides ₹3,000 per month for 24 months. This financial assistance ensures that students can focus on their studies without worrying about basic necessities.
Stationery Support:

Recognizing the importance of stationary in education, the scheme offers ₹10,000 per year for up to 2 years to help students purchase the necessary study materials.
Repayment with Flexible Terms:

Repayment of the loan starts two years after the completion of the ITI course, allowing students to find employment and settle into their careers. The interest rate is a simple 4 percent, making it manageable for students.
Lower Interest Rates for Women and Transgender Applicants:

Women and transgender applicants enjoy an even lower interest rate of just 1 percent, encouraging inclusivity and equal access to education.
Extended Repayment Period:

The loan is repaid in equated monthly installments (EMIs) spread over 84 months. This extended period ensures that the monthly payments are affordable for graduates.
Moratorium Period:

Students can also benefit from a maximum moratorium period of 8 years. This means that they have ample time to establish themselves professionally before beginning their loan repayments.
Benefits of Pursuing ITI:

Apart from the financial support, pursuing an ITI course offers numerous benefits. ITI programs are skill-based, equipping students with practical skills that are in high demand in the job market.
Completing an ITI course enhances employability, opening up opportunities in various industries and trades.
Graduates are well-prepared to enter the workforce with hands-on skills, increasing their chances of securing stable and well-paying jobs.

The Bihar Student Credit Card Scheme not only eases the financial burden but also fosters skill development, reducing unemployment rates among the youth.

In conclusion, the Bihar Student Credit Card Scheme is a game-changer for ITI students in Bihar, providing them with the necessary financial support to pursue their dreams and secure a promising future. With flexible repayment terms and lower interest rates for women and transgender individuals, this scheme embodies the government's commitment to education and inclusivity. It's a significant step towards empowering the youth and fostering skill development, ultimately contributing to the overall development of Bihar