BIHAR STATE EDUCATION FINANCE CORPORATION LIMITED (BSEFCL)
(A Government of Bihar Undertaking)
CIN-U74999BR2018SGC037649
CIN-U74999BR2018SGC037649
Presently the states GROSS ENROLMENT RATIO (GER) in higher education is 17.1 percent whereas at the national level this ratio is about 28.4 percent. The aim of the state government is to take all necessary steps to increase Bihars GER by 30%, making it at par with the national average and placing the state in the forefront of developed states. Therefore, with the aim of providing financial assistance to the students who are deprived of higher education due to economic reasons, it was decided to implement Bihar Student Credit Card Scheme under the 7 Nischay of Bihar developed under the Good Governance Program 2015-20 of the State Government. But due to the experiences generated in the implementation of this scheme, a modified Bihar Student Credit Card Scheme is being started by limiting the role of banks. This scheme will play an important role in increasing the GER in higher education as well as in providing employment to the youth.
The major objectives of Govt. of Bihar behind incorporating Bihar State Education Finance Corporation Ltd. (BSEFCL) and through Bihar Student Credit Card Scheme (BSCC) are.
At Bihar State Education Finance Corporation Limited (BSEFCL), we manage the education loan process from verification and underwriting at the DRCC level to approving education loan applications, disbursement and repayment. Our team comprises with experts from the administration, legal, IT and finance fields, who work together to ensure smooth and transparent operations.
Our vision is to build an ecosystem where students can pursue their higher education without getting dropped out of college due to financial issues.
