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Odisha State Government decided to provide education loan at 1% interest

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Odisha Chief Minister Naveen Patnaik initiated a new Scheme called as “Kalinga Siksha Sathi Yojana” to afford education loan at 1% interest to students for pursuing higher studies

Fund requirement: Rs. 500 Croreodisa

Purpose: To help for students pursuing higher education including Management, Law, Engineering and Medicine

Aim: Ensuring that meritorious students do not stop enrolling for higher education due to financial stress

Key Aspects:

  • Chief Minister fully known the financial pressure undergone by parents and provide education loan at minimal interest rate
  • The scheme would reduce the burden of Lakhs of Parents
  • Financially empower the poor students to pursue their aspiration in higher education
  • Dedicated to Former Chief Minister Biju Patnaik on his birth centenary who had established ‘Kalinga UNESCO’ Award for the popularization of Science

About Kalinga Sikshya Sathi Yojana:

  • The Government would provide education loan at 1 per cent interest per annum to students pursuing higher education
  • Higher education includes Management, Law, Engineering, Medicine and others
  • The State Government allotted 500 crore from its own resources

About Odisha:

  • Capital                    Bhubaneswar
  • Chief Minister        Naveen Patnaik
  • Governor                S.C. Jamir