Magadh Institute of Higher Education

Education Loan

Very Important Notice Regarding BSCC Scheme

All students and parents are hereby informed that the BSCC Scheme is purely an Education Loan Scheme. Under this scheme, financial assistance is provided to students for pursuing higher education in the form of a loan, subject to the prescribed terms and conditions. This amount is not a scholarship or grant, but a loan that must be repaid in the future as per the rules, conditions, and repayment schedule determined by the Government/Financial Institution. Therefore, all students and parents are advised to carefully read and understand all the rules, terms & conditions, repayment process, interest rates, required documents, and other important guidelines before applying for the scheme, so that no confusion, misunderstanding, or inconvenience arises in the future. Students are further instructed to obtain information only from official and authentic sources related to the scheme and avoid believing in any rumors or misleading information.
  • Education loan up to ₹4 lakh
  • Financial assistance for higher education courses
  • Support for tuition fees, books, laptop, hostel fees, and study expenses
  • Easy repayment options after completion of the course
  • Low or subsidized interest rates for students