"Rejected." That is the message you will see when you apply for your first Personal Loan or Credit Card if you have no CIBIL score. In India, "No Credit History" is almost as bad as "Bad Credit History." Whether you want to buy an iPhone on EMI, get a bike loan, or apply for a Premium Credit Card, you need a CIBIL score of 750 or higher . But how do you build a score if no bank will give you a loan? This is the classic "Chicken and Egg" problem. Fortunately, in 2025, there are 3 guaranteed ways to build a perfect score without having a job or salary slip. 1. The "FD-Backed" Credit Card (The Golden Ticket) This is the fastest way to build a score from scratch (0 to 750). How it works: You give the bank a small Fixed Deposit (e.g., ₹2,000 or ₹5,000). In return, they give you a Credit Card with a limit of 90% of your deposit. Why banks love it: Since they have your deposit, there is zero risk for them. Best Cards for this: IDFC First WOW...
Are you a student worrying about college fees, hostel rent, or exam coaching costs? You are not alone. But did you know the Government of India has thousands of crores in scholarship funds that go unused every year simply because students don't know how to apply?
In 2025, you don't just need to rely on your parents. Whether you are in school, college, or preparing for competitive exams (like UPSC/JEE), there is likely a scheme for you.
Today, on DailyWealthTips, we are breaking down the top 5 government schemes that can put money directly into your bank account.
1. PM YASASWI Scheme
This is currently one of the most popular scholarships for students belonging to OBC, EBC, and DNT categories.
Who is it for? Students in Class 9 to 12.
Benefit: You can receive between ₹75,000 to ₹1,25,000 per year to cover school fees and hostel expenses.
How to Apply: Watch out for the notification on the NTA website (usually in July-August). You have to clear a simple entrance test.
2. Central Sector Scheme of Scholarship (CSSS)
If you just passed Class 12th and are entering college, this is for you.
Who is it for? Students who are in the Top 20th Percentile of their Class 12th Board results.
Benefit: You get ₹10,000 per year for the first 3 years of college, and ₹20,000 per year for Post-Graduation.
Where to Apply: National Scholarship Portal (NSP).
3. Free Coaching Scheme for SC/OBC Students
Since many of my readers are UPSC or JEE aspirants, this is a game-changer. Private coaching centers charge lakhs of rupees, but the government pays for your coaching under this scheme.
Who is it for? SC and OBC students with a family income under ₹8 Lakhs.
Benefit: The government pays your entire coaching fee + providing a monthly stipend of ₹4,000 for your pocket money.
Exam Coverage: UPSC, SSC, JEE, NEET, and Bank PO.
4. Vidya Lakshmi Portal (Education Loans)
This isn't "free money," but it is the easiest way to fund your higher education without running to 10 different banks.
What is it? A single portal developed by the Government to apply for education loans to multiple banks at once.
Why use it? It is transparent, faster, and you can track your application status online.
5. AICTE Pragati Scholarship (For Girls)
If you are a girl student pursuing a Technical Degree or Diploma, do not miss this.
Who is it for? Girl students admitted to AICTE-approved colleges.
Benefit: ₹50,000 per annum for every year of study.
Goal: To encourage women in engineering and technical fields.
Conclusion: Don't Wait!
Most of these schemes have application windows on the National Scholarship Portal (NSP). Make sure your Aadhaar card is linked to your bank account, as the money is sent via DBT (Direct Benefit Transfer).
💡 Pro Tip: Need Cash While You Wait?
Scholarships take months to arrive. If you want to earn ₹500 to ₹1,000 today for your immediate expenses, check out my guide on:
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