Bihar Waives Student Loan Interest, Extends Repayment Period for Education Loans

• Bihar government announces full interest waiver on loans under the Student Credit Card Scheme.
• Repayment period extended: up to ₹200,000 loans now 7 years (from 5), over ₹200,000 loans now 10 years (from 7).
• Thousands of students pursuing higher education through the scheme will benefit significantly.
• Students only need to repay the principal amount, reducing their financial burden and EMIs.
• Sangeeta Kumari, Assistant Manager (Planning) at Jehanabad DRCC, confirmed the extensive amendments.

Why It Matters: Bihar offers major relief to students with full interest waiver and extended repayment for education loans.