India, Sept. 16 -- Bihar chief minister Nitish Kumar on Tuesday announced that interest-free loans will be provided to students who passed Class 12 board examinations under the Student Credit Card scheme to support their higher education.

Besides, he has also announced an increase in monthly installments for repayment to make it more convenient.

"There was provision of repayment of loan up to Rs.2 lakh in 60 monthly instalments (five years), which has now been increased to 84 instalments (seven years, while loans above Rs.2 lakh could now be repaid in 120 instalments (10 years), instead of 84 instalments (seven years)," he announced on social media platform X.

The CM said the government plans to ensure that more and more students pursu...