[amp_mcq option1=”Rs. 2 lakh” option2=”Rs. 4 lakh” option3=”Rs. 5 lakh” option4=”Rs. 6 lakh” correct=”option1″]<\/p>\n
The correct answer is: A. Rs. 2 lakh<\/strong><\/p>\n The Bihar Student Credit Card Yojana (BSCCY) is a scheme launched by the Government of Bihar to provide financial assistance to students for pursuing higher education. Under the scheme, students who have passed class 12th examination are eligible for a loan of up to Rs. 2 lakh. The loan can be used to meet the expenses of tuition fees, hostel fees, books and other study materials. The interest rate on the loan is 6% per annum and the repayment period is 10 years.<\/p>\n The scheme is open to all students who are residents of Bihar and who have passed class 12th examination from a recognized board. The students must have secured at least 50% marks in the examination. The loan amount is disbursed directly to the college or university where the student is enrolled. The repayment of the loan starts after the student completes his\/her education and starts earning.<\/p>\n The BCSC is a very helpful scheme for students who want to pursue higher education but do not have the financial resources to do so. The scheme has helped many students from poor families to get a good education and improve their lives.<\/p>\n The other options are incorrect because they are not the maximum amount of loan that can be availed under the BCSC.<\/p>\n","protected":false},"excerpt":{"rendered":" [amp_mcq option1=”Rs. 2 lakh” option2=”Rs. 4 lakh” option3=”Rs. 5 lakh” option4=”Rs. 6 lakh” correct=”option1″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[976],"tags":[],"class_list":["post-79003","post","type-post","status-publish","format-standard","hentry","category-bihar-state-gk-mcq","no-featured-image-padding"],"yoast_head":"\n