Kalinga Sikhya Sathi Yojana 2021- Apply Online, Features & Registration

Kalinga Sikhya Sathi Yojana Online Apply | Sikhya Sathi Yojana Registration Form | Kalinga Sikhya Sathi Yojana Education Loan

It is believed that an investment in knowledge pays the best interest. With the same thought in mind, Odisha’s CM Shri Naveen Patnaik has launched Kalinga Sikhya Sathi Yojana on June 27. Investing in the education expenditure of the youth will definitely pave the way for the development of the state. Under Kalinga Sikhya Sathi Yojana 2021 the Odisha government has been providing educational loans to aspiring students at a very low interest rate of only 1%. Generally, the students could not pursue their higher education because of the financial problems they face but now they could get a sigh of relief and could pursue their education process smoothly. In this article, we will be describing in detail the objectives, benefits, and eligibility criteria of this scheme.

Kalinga Sikhya Sathi Yojana

Understanding the importance of education for the development of society, the Odisha government has launched Kalinga Sikhya Sathi Yojana. With this scheme, all the parents who are too much burden because of the education they want to provide to their children will get a sigh of relief. Under the Kalinga Sikhya Sathi Yojana, the government is providing educational loans to all the endeavoring students with a minimum interest rate of 1%. Now the students who have to skip their education in the middle because of lack of finances could continue to get higher education. A student can get a maximum loan of Rs10 lakh. Several banks are included under the scheme that would provide educational loans to eligible candidates.

Kalinga Sikhya Sathi Yojana

Odisha Scholarship

Objectives of Kalinga Sikhya Sathi Yojana 

The basic objective of this scheme is to ensure that the meritorious students of poor families can enroll in higher studies. Earlier the students have to skip their studies because of financial problems but the Kalinga Sikhya Sathi Yojana will help such students to attain higher education and become something in life. This scheme is providing educational loans to the students who want to pursue their education in medical, engineering, management, law, and other courses. This scheme is definitely reducing the burden of the education loans and the financial stress on the poor households of Odisha.

Brief Summary Of The Kalinga Sikhya Sathi Yojana 

Name of the SchemeKalinga Sikhya Sathi Yojana 2021
StateOdisha
Launched byCM Shri Naveen Patnaik
BeneficiaryFinancially weak Students of Odisha
ObjectiveTo provide educational loans to the students so that they could pursue their higher education
Official Websitehttp://dheodisha.gov.in/KSSY/KSSY.aspx

Modification In Interest Subvention Scheme for KSSY

On 10.08.2016 a modification was made by the higher education department. It was stated that this scheme is beneficial for the students who are availing education loans from the lined up banks. The scheme is available for all the courses recognized by the government of India. It includes the courses in Management, Integrated Law, Course of Engineering or Medicine in any educational institution established by the acts of parliament or by any state legislature.

Courses of Study Covered under KSSY 

Under the KSSY scheme we can apply for all the courses that are being pursued in all Educational Institutions for which the Government of India interest subvention is applicable as per the CSIS scheme to provide interest subsidy.

List Of Banks Under Sikhya Sathi Yojana  

The following table shows a list of the banks in which we can enroll under this scheme.

Bank Names
Allahabad Bank
Andhra Bank
Bank of Baroda
Bank of India
Bank of Maharashtra
Bharatiya Mahila Bank
Canara Bank
Central Bank
Central Bank of India
Dena Bank
IDBI Bank
Indian overseas Bank
Oriental Bank of commerce
Punjab and sind Bank
Punjab national Bank
State Bank of Bikaner and Jaipur
State Bank of Hyderabad
State Bank of India
State Bank of Mysore
State Bank of Travancore
Syndicate Bank
UCO Bank
Union Bank of India
United Bank of India
Vijaya Bank
Axis Bank limited
Bandhan Bank
City Union Bank
DCB
Federal Bank
HDFC Bank
ICICI Bank
Indusland Bank
Karnatak Bank
Karur Vysya Bank
Kotak Mahindra Bank
Lakshmi Vilas Bank
Standard Chartered Bank
The South Indian Bank limited

Features of Kalinga Sikhya Sathi Yojana 

Some important features of the scheme are as follows 

  • This scheme is providing aid to contender students for the professional courses in UGC/AICTE acknowledged institutions.
  • Only those students can apply whose income of the family is up to Rs 6 lakh per annum.
  • The payment period of the banks under Kalinga Sikhya Sathi Yojana is also very effective. For the loans up to Rs. 7.5 lakh the banks are offering 10 years for the repayment. For loans up to Rs. 10 lakh, 15 years of the period have been given by the bank.
  • Loans are being provided to the candidates at a very low interest rate of only 1% and during the moratorium period, it is zero.

Benefits of Kalinga Sikhya Sathi Yojana 

The benefits of this scheme are as follows.

  • Students can get a maximum loan of rupees 10 lakh at a very low interest rate of 1%.
  • The period of repayment of the loan is also at least 10 to 15 years so the candidate will not have to rush or feel tense about the repayment.
  • The applicants will have to pay only 1% interest on the loan amount. The rest of the interest will be borne and paid by the government of Odisha itself.
  • Around Rs 500 crore has been designated by the state government for this scheme.

Eligibility Criteria 

The candidate can be eligible for the scheme when he or she fulfills the following conditions.

  • It is compulsory for a student to be a resident of Odisha to avail the benefits of this scheme.
  • The income of the family of the applicant should be up to Rs 6 lakh per annum.

Documents Required 

  • Passport size photo of the applicant
  • Identity proof such as voters identity card, ration card, pan card etc
  • Bank passbook
  • Marksheet or degree certificate of the applicant of last qualifying examination
  • Statement of means
  • Employment verification certificate
  • Domicile proof

Application Procedure Under Kalinga Sikhya Sathi Yojana 

If you are an Eligible candidate and want to apply under the scheme following steps are to be followed by you.

  • First of all, you have to visit the official website of the scheme launched by the government.
  •  A homepage with many different options appears in front of your screen.
  • On the homepage, you have to select click here to apply the option another home page opens in front of you.
Application Procedure Under Kalinga Sikhya Sathi Yojana
  • You have to click on the register option and fill in all the required details that have asked such as your name, email, id password, captcha code etc
  • Now click on the submit option and you will be registered under the Kalinga Shikya Sathi Yojana.

Process To Do Login

If you already have an account and want to login  please follow the given steps.

  • The first and the foremost step you have to take is to visit the official website of the scheme.
  • A home page opens on your screen with many different options you have to choose click here to apply options from the given list of options.
Process To Do Login
  • After this, you have to click on the login link that has been provided on the web page.
  • Fill in your email ID and password and click on the login button with this you will be logged in to your account.

Process To Submit Grievance

  • First of all, you need to visit the official website of the Kalinga Sikhya Sathi Yojana.
  • A homepage appears in front of your screen. There you will find many different options you have to click on the option of grievance box on the left side of the page.
Process To Submit Grievance
  • As you click on the above option a form appears in front of your screen you have to fill in all the required details that have been asked in the form.
  • After filling in your name, email id, mobile number, address and grievance you have to enter the captcha code and then click on submit button and your grievance will be filed.

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