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स्टूडेंट क्रेडिट कार्ड
Scam or Scheme ? 2024
Credit card Yojana is a loan. It’s not a scholarship. Student will have to return back in every condition.

Unveiling the Credit Card Yojana for Bihar Students: A Closer Look

In Bihar, a unique initiative known as the Credit Card Yojana is gaining attention, not as a traditional scholarship, but as a strategic financial tool designed specifically for students. This scheme, crucial for every student, parent, and villager in Bihar to understand, is not about free money—it's a loan that needs to be repaid.

What is the Credit Card Yojana?

The Credit Card Yojana in Bihar is tailored to assist students in funding their education through loans rather than grants. This initiative enables students to borrow money for their educational expenses and pay it back over time. However, it's crucial to recognize that this financial aid comes with an obligation to repay, irrespective of the student's future employment status.

Key Features of the Scheme

*Interest Rates:* Male students availing themselves of this scheme will face an interest rate of 4% (compound interest), while female students benefit from a slightly reduced rate of 2%. This gender-specific interest rate policy aims to encourage more female students to pursue higher education.
*Repayment Terms:* Students are required to repay the loan whether they complete their education, secure a job, or even if they drop out mid-course. The terms of repayment are not contingent on the student's employment status, making it essential for borrowers to plan their finances carefully.

Educational Mafia: A Caution

There are concerns about certain misleading practices by what is often termed the 'educational mafia'. These entities may misguide students regarding the terms of such financial aids. It's crucial for students and their families to seek accurate information and understand fully the commitments they are entering into with the Credit Card Yojana.

A Call to Action by Mr. Awais Amber

As a longstanding activist and social worker, Mr. Awais Amber has been guiding students since 2016. His efforts to educate the youth about the realities of financial aid in education are commendable. Mr. Amber's recent video highlights the importance of being informed and vigilant when opting for educational loans. It is a must-watch for every student and parent in Bihar.

Conclusion

The Credit Card Yojana offers a significant opportunity for students in Bihar to finance their education, yet it comes with substantial responsibilities. It is not a scholarship but a financial commitment that needs careful consideration and planning. Students and their families are encouraged to thoroughly understand the terms and seek guidance from trusted sources like Mr. Awais Amber to make informed decisions.

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