Statutory Mandatory Notice
The Bihar Student Credit Card (BSCC) Scheme is an education loan facility provided by the Government of Bihar through the Bihar State Education Finance Corporation (BSEFC). It is NOT a free scholarship or grant. Students enrolled in approved courses at Gurudeo College of Technology and Management (GCTM) are eligible to apply for loan assistance through their respective District Registration and Counselling Centres (DRCC).
Key Scheme Features
- Loan Limit: Up to ₹4,00,000/- for technical, engineering & professional programs.
- Subsidized Interest: 1% simple interest for female, transgender, and PwD students; 4% simple interest for male students.
- Moratorium Period: Repayment commences 1 year after course completion or 6 months after getting employment, whichever is earlier.
- Covered Expenses: Tuition fees, lab/workshop charges, library books, and educational supplies.
College DRCC Assistance
GCTM provides full institutional support to students for seamless DRCC loan processing:
- Official Bonafide Certificate verifying enrolled course batch.
- Itemized Course Fee Estimate Letter approved by management.
- Valid AICTE, SBTE & AKU regulatory affiliation certificates.
- Dedicated college BSCC desk guidance for portal registration.
Apply on the Official Bihar Government MNSSBY Portal
Eligible students can register directly on the official 7 Nishchay portal administered by the Planning & Development Department, Govt. of Bihar.
Visit Official MNSSBY Portal