Chief Minister Nitish Kumar is making announcements one by one before the assembly elections to be held in Bihar this year (2025). On Tuesday (September 16, 2025), he made a big announcement. The Chief Minister said, “I am very happy to say that now the amount of education loan given under the Student Credit Card Scheme will be interest free for all applicants.”

It was written in CM’s X Post, “For the students who want to get higher education under the 07 decision scheme in Bihar, Bihar Student Credit Card Scheme is applicable from 02 October 2016. A maximum education loan of Rs 04 lakh to get higher education under Bihar Student Credit Card Scheme is given to the general applicant at 04 percent interest rate and women, disabled and transgender applicants are given at just 04 percent interest rate.”

What was the change in the return of the loan?

It was informed through the post that there was a provision to return education loans up to two lakh rupees in 60 monthly installments (05 years), which has now been increased to increase the loan amount in a maximum of 84 monthly installments (07 years) and above 02 lakhs from 84 monthly (07 years) installments to a maximum of 120 monthly (10 years) installments.

He said, “The aim of us is that more and more students of the state can get higher education. These facilities provided in education loans provided for higher education will increase the morale of the students and they will get higher education from more enthusiasm and dedication and will be able to decorate the future of the state and country along with their future.”

Please tell that before the assembly elections, many such announcements have been made by Chief Minister Nitish Kumar. People have started getting 125 units free electricity. The amount of social security pension has increased. People are also getting the benefit of this. In this sequence, now a concrete step has been taken by the Nitish government in the field of education.