Kalinga Sikhya Sathi Yojana

Kalinga Sikhya Sathi Yojana- Hello, friends today we will talk about our new article so friends today our new article is “Kalinga Sikhya Sathi Yojana” today we will discuss it. This scheme is from the state of Odisha and under this scheme all those students who want to get higher education are included but they are left behind due to lack of money. Because of which their future does not get new dawn. Today we will read about this article in which the Odisha government has given loan facilities for these students. You have to read this article till the end to get more information.

Kalinga Sikhya Sathi Yojana

Mr. Naveen Patnaik, the Chief Minister of Odisha, announced the Kalinga Sikhya Sathi Yojana on June 27, 2016, for students in Odisha who desire to pursue higher education. Through this plan, the government would grant educational loans of up to Rs 10 lakh at a 1% interest rate. The Odisha government’s Higher Education Department will cover the remaining interest.

The financial burden of education on parents and pupils would be lessened as a result of the adoption of this program. This plan will include all courses such as law, management, engineering, medical, and so on.
If the loan amount is up to Rs 7.5 lakh, the payback term is ten years, and if the loan amount is up to Rs ten lakh, the repayment duration is fifteen years. Students can get loans from designated banks under the Yojana.

Scheme NameKalinga Sikhya Sathi Yojana
Launched ByChief Minister Of Odisha Mr. Naveen Patnaik
ObjectiveTo Provide Educational Loan
BeneficiaryStudent Of Odisha
StateOdisha
ModeOnline/Offline
Loan Amount10 Lakh
Official WebsiteCheck This

Eligibility Criteria Of Kalinga Sikhya Sathi Yojana

  • The applicant must be a permanent Odisha resident.
  • The applicant’s yearly household income cannot exceed Rs. 6 lakh per year.
  • The applicant must not be receiving any other benefits from the federal or state governments.
  • The loan’s terms and conditions will be determined by the rules of specific scheduling banks.
  • The bank is in charge of processing the loan application.

Objective Of Kalinga Sikhya Sathi Yojana

  • The major goal of the Kalinga Sikhya Sathi Yojana is to give educational loans to students who wish to continue higher education but are unable to do so due to financial limitations.
  • The financial strain on parents and students will be reduced as a result of this program.
  • Because of the Yojana, residents of Orissa will be free to continue their education according to their interests, increasing the state’s education system.
  • This program will also play a significant part in producing employment in the country since more students will become educated as a result of its adoption, which would naturally produce jobs.

List Of Banks Providing Kalinga sikhya Sathi Yojana

 Serial Number  Name Of Banks
 1.  Allahabad Bank
 2.  Andhra Bank
 3.  Bank of Baroda
 4.  Bank of India
 5.  Bank of Maharashtra
 6.  Bharatiya mahila Bank
 7.  Canara Bank
 8.  Central Bank
 9.  Central Bank of India
 10.  Dena Bank
 11.  IDBI Bank
 12.  India bank
 13.  Indian Overseas Bank
 14.  Oriental Bank of commerce
 15.  Punjab and Sind Bank
 16.  Punjab National Bank
 17.  State Bank of Bikaner and Jaipur
 18.  State Bank of Hyderabad
 19.  State Bank of India
 20.  State Bank of Mysore
 21.  State Bank of Travancore
 22.  Syndicate Bank
 23.  UCO Bank
 24.  Union Bank of India
 25.  United Bank of India
 26.  Vijaya Bank
 27.  Axis Bank limited
 28.  Bandhan Bank
 29.  City union Bank
 30.  DCB
 31.  Federal Bank
 32.  HDFC Bank
 33.  ICICI Bank
 34.  Indusland Bank
 35.  Karnatak Bank
 36.  Karur vyasya Bank
 37.  Kotak Mahindra Bank
 38.  Lakshmi Vilas Bank
 39.  Standard chartered Bank
 40.  The South India bank limited
 41.  Yes Bank
 42.  Odisha State cooperative Bank

Interest Subvention During the Kalinga Sikhya Sathi Yojana’s Moratorium Period

The moratorium period is a period during which the borrower is not required to return the loan in any way. The borrower is not required to make any EMI payments during this time. This is basically a waiting time. The moratorium term for student loans is the course period plus one year.

It changes from one bank to the next. The government gives financial help through this Yojana by reducing interest and a moratorium period once the student’s degree is finished.

Maximum AmountRs. 10 Lakh
Loan Tenure10-15 Year(Depends on taking a loan)
Rate Of Interest1%
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Features Of Kalinga Sikhya Sathi Yojana

  • The Government of Odisha launched the Kalinga Sikhya Sathi Yojana.
  • Mr. Naveen Patnaik, the state’s Chief Minister, launched it on June 27th, 2016.
  • The program is designed for low-income students who want to pursue higher education in their chosen area.
  • The KSSY allows the government to grant student loans up to RS. 10 lakhs at a 1% interest rate.
  • If the loan amount is less than 7.5 lakhs and the payback duration is 10 and 15 years, respectively,
  • Under the plan, educational loans can be received from any of the participating banks.
  • The advantages of the plan are only available to Odisha residents.

Document Required

  1. Aadhar card
  2. PAN card
  3. Bank passbook
  4. Income certificate
  5. Marksheet of last passed examination
  6. Ration card
  7. Mobile number
  8. Passport size photograph

Kalinga Sikhya Sathi Yojana’s  Procedure

Online

  • To start, go to the official website of the Odisha Government’s Higher Education Department.
  • Before you, the home page will appear.

Kalinga Sikhya Sathi Yojana's  Procedure

  • You must click on Kalinga sikhya Sathi from the home page.

registration

registration

  • After that, a page will open in front of you, something like this.

registration process

registration process

  • You will be sent to a new page.
  • You must fill out the following information on this new page:-
  1. First name
  2. Middle name
  3. Last name
  4. Mobile number
  5. Email ID
  6. Password
  7. Captcha code
  • After that, you must press the submit button.
  • You must now click on the login button.
  • After that, you must select the student login option.

registration

  • You must now type in your email address, password, and captcha code.
  • After that, you must click the login button.
  • Now you must select “apply under this scheme” from the drop-down menu.
  • Following that, an application form will display in front of you.
  • You must fill out this application form with all required information, such as your name, email address, and phone number.
  • After that, you must upload all of the necessary papers.
  • Now you must press the submit button.
  • You may apply for the Yojana by following this method.

Procedure To Login On The Portal

Visit the official webpage of Vidya Lakshmi.

vidyalakshmi Students

  • The homepage will appear in front of you.
  • We had to click on the login button on the home page.
  • The selections below will display in front of you.

Student Login

student login

Bank Login

bank login

Government Login

government login

  • You must select your preferred option by clicking on it.
  • Then you must provide a username, password, and captcha code.
  • You must now click on the login button.
  • You can access the site by following this process.

Offline Procedure

  • To start, go to the nearest bank.
  • Now, on the enquiry page, request the application form for the Kalinga Sikhya Sathi Yojana.
  • Now, completely fill out this application form by providing all of the needed information, such as your name, email address, and phone number.
  • Then, attach all of the necessary papers to this application form.
  • Now return to the same bank and submit this application form.
  • You may apply for the Yojana by following this method.

Lodge Grievance- Procedure

  • Go to the Odisha Government’s Higher Education Department’s official website.
  • Before you, the home page will appear.
  • You must now select Kalinga Sikhya Sathi from the drop-down menu.

Lodge Grievance

  • After that, you must click on the “grievances” box.
  • You will be presented with a grievance form.
  • You must fill out the following information on this grievance form:
  1. Name
  2. Email
  3. Mobile number
  4. Address
  5. Message
  6. Captcha code
  • After that, you must click the submit button.
  • You may file a complaint by completing this method.

Procedure To Search For Loans

search for loans

  • You must now type in your email address, password, and captcha code.
  • After that, you must click the login button.
  • You must now click on the link to look for a loan.
  • On your computer screen, a list of all available loans will appear.

Benefits Of Kalinga Sikhya Sathi Yojana

  • The chief minister of Odisha Mr. Naveen Patnaik has launch Kalinga Sikhya Sathi Yojana.
  • The balance rate of interest will be paid by the higher education department of the Government of Odisha.
  • Educational loans under this Yojana can be availed from scheduled banks.
  • The annual family income of the applicant must not be more than Rs 600000 per annum.
  • The KSSY allows the government to grant student loans up to RS. 10 lakhs at a 1% interest rate.
  • If the loan amount is less than 7.5 lakhs and the payback duration is 10 and 15 years, respectively.
  • Under the plan, educational loans can be received from any of the participating banks.
  • The advantages of the plan are only available to Odisha residents.
  • During the moratorium time, no interest will be charged.
  • The program covers all the important disciplines, such as engineering, medicine, law, and management.
  • DHE, Odisha will be the balance rate of interest for the loan amount that would be incurred.
  • Students must pay back the money after their course is completed.

Contact Deatails

If you need any information related to this scheme, then here you have been provided helpline number, you can get complete information about this scheme by call or sms here.

  • 020-2567 8300
  • vidyalakshmi@nsdl.co.in
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I hope you enjoyed and learned a lot from this essay. Thank you very lot for your help. If you have any questions about this post, please leave a comment. I, Aarti Devatwal, would want to express my sincere gratitude for taking the time to read this essay. I hope you learned a lot from this.

What is Kalinga Sikhya Sathi Yojana?

In this plan, the government would grant educational loans of up to Rs 10 lakh at a 1% interest rate. The Odisha government’s Higher Education Department will cover the remaining interest.

Who will get the benefit of this scheme?

The residents of Odisha will get the benefit of this scheme. Who needs a loan for education.

What is the eligibility criteria of the Kalinga Sikhya Sathi Scheme?

The applicant must be a permanent Odisha resident. The applicant’s yearly household income cannot exceed Rs. 6 lakh per year. The applicant must not be receiving any other benefits from the federal or state governments.

Who started Kalinga Sikhya Sathi Scheme?

The Chief Minister of Odisha, Shri Naveen Patnaik launched this scheme on June 27th, 2016.

What are the documents required for the Kalinga Sikhya Sathi scheme?

Aadhar card PAN card Bank passbook Income certificate Mark sheet of last passed examination Ration card Mobile number Passport size photograph.

What are the provisions for giving loans in the Kalinga Sikhya Sathi scheme?

KSSY allows the government to grant student loans up to Rs. Loan up to Rs.10 lakh at 1% interest rate and if the loan amount is less than 7.5 lakhs and the repayment tenures are up to 10 and 15 years respectively.