Children with Special Needs (CWSN)
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Under the Bihar contemporary and administrative scenario, consider the following statements regarding the 'Bihar Student Credit Card Scheme' recently launched by the Government of Bihar with the objective of making the state's youth and women technologically capable and providing new employment opportunities:
- 1. Under this scheme, education loans up to Rs. 4 lakh are made available to students for pursuing higher education at a simple interest rate of just 4%, while for women, persons with disabilities, and transgenders, this interest rate is only 1%.
- 2. The 'Bihar State Educational Infrastructure Development Corporation' (BSUIDC) has been made the nodal agency for the implementation of this scheme.
Which of the above statement(s) is/are true?
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✗ Not quite — the correct answer is highlighted above.
Detailed Explanation
Statement 1 is true because under the 'Bihar Student Credit Card Scheme', loans up to Rs. 4 lakh for higher education are provided at 4% simple interest and at a mere 1% interest rate for women, persons with disabilities, and transgenders. Statement 2 is false because the implementation of this scheme is carried out by the 'Bihar State Education Finance Corporation Ltd.' under the rules of the Bihar Student Credit Card Scheme, not by BSUIDC.
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