# Bihar Student Credit Card Scheme expansion > Live situation record from CLSTR: https://clstr.news/situations/bihar-student-credit-card-scheme-expansion > Updated: 2026-08-24T09:15:55.000Z. Sources: 5. Developments: 2. The Bihar government has addressed and dismissed reports suggesting a reduction in the state’s Student Credit Card Scheme, labeling such claims as ‘factually incorrect’. To clarify the program’s status, officials announced an expansion of the scheme through increased budgetary allocations and a restructured disbursement process. Under the updated model, the Bihar State Education Finance Corporation will provide loans up to Rs 2 lakh, while loans between Rs 2 lakh and Rs 4 lakh will be managed through scheduled commercial banks. Furthermore, the scheme has been integrated with the PM VidyaLakshmi Portal and the Pradhan Mantri Uchchatar Shiksha Protsahan Yojana, which enables students to access higher funding amounts of up to Rs 10 lakh. For the 2026-27 financial year, the government approved an expenditure of Rs 950 crore, representing a Rs 64 crore increase over the previous year. The scheme, originally established in 2016, has been extended through the 2030-31 period. ## Timeline ### 2026-08-24: Bihar CM confirms Student Credit Card Scheme up to Rs 4 lakh will continue Bihar Chief Minister Samrat Choudhary confirmed the Student Credit Card Scheme will continue to provide up to Rs 4 lakh for higher education, utilizing a new disbursement structure with commercial banks. 3 sources. https://clstr.news/cluster/bihar-cm-confirms-student-credit-card-scheme-up-to-rs-4-lakh-will-continue ### 2026-08-21: Bihar government expands Student Credit Card Scheme options The Bihar government has refuted claims of reducing student loans, stating the Student Credit Card Scheme is expanding with increased budgets and more options via commercial banks and the PM VidyaLakshmi Portal 3 sources. https://clstr.news/cluster/bihar-government-expands-student-credit-card-scheme-options --- Cite as: Bihar Student Credit Card Scheme expansion. CLSTR, https://clstr.news/situations/bihar-student-credit-card-scheme-expansion