Many students in Odisha aspire to pursue higher education, but due to their financial circumstances, they are unable to fulfill their aspirations of receiving a quality education. It is thought that investing in knowledge yields the highest returns. On June 27, Shri Naveen Patnaik, the chief minister of Odisha, introduced the Kalinga Sikhya Sathi Yojana 2024. The state will undoubtedly prosper as a result of investments made in youth education costs. The Odisha government offers educational loans to aspirant students at an extremely low interest rate of about 1% as part of the Kalinga Sikhya Sathi Yojana 2024. Normally, financial difficulties prevent students from pursuing higher education, but now they may breathe a sigh of relief and continue their education process without difficulty. In this essay, we will go into great detail about the goals, advantages, and requirements.
Odisha Kalinga Sikhya Sathi Yojana
“Education is a key to Success” and every student has a right to receive an education. So, For students in Odisha who aspire to continue higher education, Mr Naveen Patnaik, the state’s chief minister, introduced the Kalinga Sikhya Sathi Yojana on June 27, 2016. Through this Scheme, the government will offer a 1% rate of interest for education loans up to Rs. 10 lahks. The Odisha government’s Higher Education Department will cover the remaining interest. The financial burden of schooling on both parents and kids will be lessened with the execution of this plan. Under this scheme, all courses, including those in law, management, engineering, and medical, will be covered. The students who had to discontinue their education in the middle due to financial constraints might now pursue higher education. Odisha Kalinga Sikhya Sathi Yojana includes a number of banks that will offer educational loans to qualified applicants.
Key Highlights of Kalinga Sikhya Sathi Yojana
| Launched By | Chief Minister Of Odisha Mr Naveen Patnaik |
| Name of Yojana | Kalinga Sikhya Sathi Yojana 2024 |
| Objective | To provide a loan for education |
| Benefits | Upto Rs 10 Lakh |
| Eligibility Criteria | Students Of Odisha |
| Repayment Period | Ten years for loans up to Rs. 7.5 lakh and fifteen years for loans up to Rs. 10 lakh |
| Application Type | Online/Offline |
| Year | 2024 |
| Official Website | Kalinga Sikhya Sathi |
The objective of Kalinga Sikhya Sathi Yojana
The major goal of the Kalinga Sikhya Sathi Yojana is to make sure that deserving kids from low-income families can enroll in higher education. Earlier, students had to forgo their education due to financial difficulties, but the Kalinga Sikhya Sathi Yojana would assist such students in completing their education and moving forward in life. This proposal will minimize the financial burden on parents and students. The residents of Odisha can now pursue their education according to their interests under the Yojana, which will increase the state’s literacy rate. This program will play a big part in producing jobs in the country as more and more students receive an education as a result of its implementation, which ineluctably leads to employment.
Also Check: Krushi Udyog Yojana
Benefits and Features of Kalinga Sikhya Sathi Yojana
- The Kalinga Sikhya Sathi Yojana was introduced by the chief minister of Odisha Mr. Naveen Patnaik.
- This programme offers financial assistance to applicants for professional programs at institutions recognized by the UGC and AICTE.
- The students whose family income is up to Rs. 6 lakh annually are eligible to get the benefit of this yojana.
- Under this yojana, the government will offer financial assistance to meritorious students in the form of educational loans up to Rs 10 lakh.
- The beneficiary is only needed to pay an interest rate of 1% on the loan amount.
- This programme will include all disciplines, including medical, engineering, legal, and management.
- The state government has set aside about Rs 500 crore for this programme.
- The repayment time for this loan is 10 years if the loan amount is up to Rs 7.5 lac.
- The loan has a 15-year repayment period if the loan amount is up to Rs. 10 lakh.
- You can apply for an educational loan under this Yojana at established banks.
- Only residents of Odisha may apply for this program.
- Under this plan, the interest rate is zero while the moratorium is in effect.
Also Check: Banishree Scholarship
Interest Subvention During Kalinga’s Moratorium Sikhya Sathi Program
During the moratorium period, the borrower is not required to make any loan repayments of any type. The borrower is not required to make any EMI payments during this time. Essentially, this is a waiting period. The moratorium period for student loan repayment is, of course, a time frame that includes one year. From bank to bank, it differs. By this Yojana, after the student has finished the course, the government waives the interest on repayment and the moratorium period to give financial aid.
Information pertaining to the Loan Amount under the Kalinga Sikhya Sathi Yojana
| Maximum Amount | Rs 10 Lakh |
| Minimum Amount | No Minimum Limit |
| Repayment Period | Ten years for loans up to Rs. 7.5 lakh and fifteen years for loans up to Rs. 10 lakh |
| Rate Of Interest | 1% |
Eligibility Criteria
- The applicant must be a permanent resident of Odisha, to avail the benefit of this yojana.
- The applicant’s family income cannot exceed Rs. 6 lakhs per year.
- The bank is in charge of processing loan applications.
- The applicant must not already be receiving benefits from a similar programme from the federal or state governments.
- The loan’s terms and conditions will be under each schedule bank’s standards.
Documents Required
- Marksheet of last passed examination
- Ration card
- Mobile number
- Passport size photograph
- Aadhar card
- PAN card
- Bank passbook
- Income certificate
Application Process for the Kalinga Sikhya Sathi Yojana 2024
- Visit the Higher Education Department of the Government of Odisha’s Kalinga Sikhya Sathi website first.
- Before you, the home page will load.
- You must click on Kalinga Sikhya Sathi on the home page.
- To apply, you must now click this link.
- After that, you must select “register.”
- A new page will load in front of you.
- You must fill out the following information on this new page:
- First name
- Middle name
- Last name
- Mobile number
- Email ID
- Password
- Captcha
- After that, you must select “submit.”
- You must now select the login button.
- You then need to select the student login.
- Your password, email address, and captcha code must now be entered.
- You must then click the login button.
- You must now select “Apply under this Scheme”
- After that, a form will appear in front of you.
- You must fill out this application form with all necessary information, including your name, email address, phone number, etc.
- You must then upload all of the crucial documents following that.
- You must now select “submit.”
- You can apply for the Yojana by doing the following.
Steps For Logging Into The Portal
- First applicants have to visit Vidya Lakshmi’s official website for further information.
- Before you, the homepage will load.
- We had to hit the login link on the home page.
- The following choices will be displayed to you:
- Student Login
- Bank login
- Government login
- You must select the desired option by clicking.
- Your login, password, and captcha code must then be entered.
- You must now select the login button.
- This process will allow you to access the portal.
Offline Process Kalinga Sikhya Sathi Yojana
- First, you have t go to the closest bank of yours..
- Now, on the inquiry window, request the application for the Kalinga Sikhya Sathi Yojana.
- Now properly complete this application by providing all the necessary information, such as your name, email address, mobile number, etc.
- Afterward, provide this application form with all necessary supporting documentation.
- present this application to the same bank now.
- You can apply for the Yojana by doing the following.
How to File a Grievance
- Visit the Higher Education Department’s official website to learn more about it.
- Before you, the home page will load.
- You need to now select Kalinga Sikhya Sathi.
- After that, you must select the complaint box.
- You’ll see the grievance form there.
- You must fill out this form with the following information:
- Name
- Phone Number
- Mobile number
- Address
- Message
- Captcha code
- After that, you must select “submit.”
- This process will allow you to file a complaint.
Method for Finding Loans
- first, applicants have to visit Vidya Lakshmi’s official website.
- Before you, the homepage will load.
- You need to click on “search for loans” on the homepage.
- Your password, email address, and captcha code must now be entered.
- You must then click the login button.
- You must now select the loan search link.
- You will get a list of all the loans accessible on your computer screen.
Contact Details
We have given you all the crucial information about the Kalinga Sikhya Sathi Yojana on this page. You can send an email or call the helpdesk if you’re still having issues, which will help you get the help you need. The following is the phone number and email address:-
- Contact Information: 020-25678300
- Email: vidyalakshmi@nsdl.co.in