BIHAR STATE EDUCATION FINANCE CORPORATION LIMITED (BSEFCL)

(A Government of Bihar Undertaking)

CIN-U74999BR2018SGC037649

Total Sanctioned

470,459 +

Total Disbursement

380286 +

Data Till: SEPTEMBER 2025

Data Till: Jan 2025

Introduction

Bihar State Education Finance Corporation Limited (BSEFCL) is an undertaking of the Government of Bihar. As a company, it was incorporated on 27th March 2018 with the objective of act as a facilitator-cum-agency for the Finance Department, Government of Bihar to implement and manage the education loan life cycle of the Bihar Student Credit Card Scheme (BSCC) and to implement different schemes that may be allotted to the corporation from time to time by the Government of Bihar.


This flagship scheme of the Bihar Student Credit Card was implemented in 2018 through BSEFCL to provide financial assistance to the students of Bihar to pursue their higher education. Thus the object is to increase the Gross Enrolment Ratio (GER) in higher education above the national average.


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Conceptualization

BSEFCL through BSCC (Bihar Student Credit Card) assist the students with a sum of rupees (4 Lakhs) at no interest rates . It will ease out the financial burden and reduce the drop out of applicants and thus improve the GER (Gross Enrolment Ratio) of Bihar above national average.

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Objective

BSEFCL through BSCC ( Bihar Student Credit Card ) scheme aims to strengthen the financial support system for the students of Bihar and enable them to pursue higher education and become employable.

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Achievements

BSEFCL has always been the frontrunner in achieving the set target and has disbursed loans to 380,286+ applicants since incorporation.

Message From Managing Director

I am delighted to share some remarkable achievements and milestones that we have accomplished at BSEFCL. As we all know, our organization embarked on a mission to support the educational aspirations of students in Bihar through the BSCC scheme, offering them education loans. I am pleased to announce that since the inception of this initiative, we have witnessed a profound impact on the educational landscape in our state.

Till SEPTEMBER 2025, we have sanctioned educational loans under Total Sanctioned: 470,459+. In addition, we have provided financial assistance under Total Disbursed: 380,286+, enabling students to pursue higher education and shape their future. This achievement is a testimony to our commitment to empower the youth of Bihar and foster a culture of educational excellence.

The Government of Bihar, through BSEFCL, has not only efficiently executed the education loan distribution procedures but has also laid a robust foundation for a supportive ecosystem that empowers our students to reach for the stars in the realm of higher education.

In 2020-21, we encountered an unprecedented global pandemic that tested our resilience and adaptability. I am immensely proud of our collective strength and innovation during these challenging times. We not only weathered the storm but emerged stronger, finding innovative ways to maintain operational efficiency. This resilience is a reflection of the dedication and unwavering commitment of the exceptional team we have here at BSEFCL.

I want to extend my heartfelt gratitude to each and every employee for your compassion, tireless work ethic, and unwavering diligence in realizing our mission. It is your dedication that has allowed us to make a difference in the lives of countless students across Bihar.

Shri Minendra Kumar, IAS

Chief Executive Officer cum Managing Director

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Shri Minendra Kumar, IAS
Chief Executive Officer cum Managing Director, BSEFCL

News

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