New Format Study Loan Apply Odisha Kalinga Sikhya Sathi Yojana (KSSY) Apply Online at dheodisha.gov.in

Study Loan Apply Odisha Kalinga Sikhya Sathi Yojana – In this article, we will tell you about Odisha Kalinga Sikhya Sathi Yojana (KSSY) education loan online application form 2022 at vidyalakshmi.co.in, how to make registration / login at vidya lakshmi portal, check list of banks to apply offline, required documents, CSIS vs KSSY comparison, moratorium period, objectives, benefits, latest updates.

What is Odisha Kalinga Sikhya Sathi Yojana 2022

Study Loan Apply Odisha Kalinga Sikhya Sathi Yojana -The Odisha Government has come up with a new scheme named as Kalinga Sikhya Sathi Yojana (KSSY) for the aspiring students at only 1% interest. It has been launched by Hon’ble CM of Odisha, Shri Naveen Patnaik on 27th June 2016. This scheme has been launched to bring down the financial burden on the parents of the students who want to move forward with higher education.

Study Loan Apply Odisha Kalinga Sikhya Sathi Yojana

Details about the scheme Kalinga Sikhya Sathi Yojana

Study Loan Apply Odisha Kalinga Sikhya Sathi Yojana -A student can avail loan under the scheme “Kalinga Sikya Sathi Yojana” from scheduled banks for pursuing higher studies. The scheme will give them up to 10 lakh rupees to proceed for the higher courses.

  • Maximum Loan: According to the rules of the scheme, a student can get maximum of 10 lakh rupees as an educational loan under this scheme.
  • Minimum Loan: There is no minimum loan amount mentioned in the scheme. One can get any amount of loan up to Rs. 10 lakh.
  • Period of Loan: The period of repayment will be up to 10 years and 15 years in respect of loan sanctioned up to 7.5 lakhs and 10.00 lakhs respectively.
  • Rate of Interest: The applicants will have to pay only 1% interest on the loan amount. The balance amount of the interest will be borne by Government of Odisha, Higher Education Department.

Eligibility Criteria for Odisha Kalinga Sikhya Sathi Yojana

  • The student must be a resident of Odisha.
  • As per the eligibility criteria, the annual income of the family of the applicant up to 6 lakhs per annum. The terms are conditions of loan will be as per norms of individual schedule banks. The loan applications will be processed by the rules of the banks. The poor students who are willing to continue higher studies can apply for the loan under this scheme.

List of Documents Required to Get Education Loan under KSSY

  • All Educational Certificates, including the document indicating admission into a technical / professional course
  • Residential Certificate issued not only the below rank of Tahasildar and Additional Tahasildar.
  • Income Certificate issued not only the below rank of Tahasildar and Additional Tahasildar or Self certified copy of IT return

Moratorium Period of Loans in KSSY Scheme

Study Loan Apply Odisha Kalinga Sikhya Sathi Yojana -Generally, the moratorium period of education loans is course period plus one year depending on the banks. But under KSSY, the financial assistance in the form of interest subvention shall be provided for the period of repayments including moratorium period after the completion of course. This will prove to be very beneficial to students.

Benefits of Odisha Kalinga Sikhya Sathi Yojana

Study Loan Apply Odisha Kalinga Sikhya Sathi Yojana -If you are a student of any professional course and have availed benefit of education loan from any Bank after 01-April-2016, please note that you are entitled to get the loan to be converted to “Kalinga Sikhya Sathi Yojana”.

The advantages will be:

  • You can get the interest rate that will apply after the moratorium period reduced to 1%.
  • Your interest repayment terms will accordingly change so that the total repayment period of the loan will reduce, after completion of your course.

You are therefore advised to avail these benefits, by contacting the concerned Branch Manager immediately.

Application Forms of Kalinga Sikhya Sathi Yojana (KSSY)

Study Loan Apply Odisha Kalinga Sikhya Sathi Yojana -Interested and eligible students can apply for Sikhya Sathi Yojana through both offline and online modes to get education loan. The offline applications can be made by visiting any of the following bank branches.

List of Banks for Offline KSSY Education Loan

Bank Name
Allahabad bank
Andra Bank
Bank of Baroda
Bank of India
Bank of Maharastra
Bharatiya Mahila Bank
Canara Bank
Central Bank
Central Bank of India
Dena Bank
IDBI Bank
India Bank
India Overseas Bank
Oriental Bank of Commerce
Punjab & Sind Bank
Punjab National Bank
State Bank of Bikaner & 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 Ltd
Bandhan Bank
City Union Bank
DCB
Federal Bank
HDFC Bank
ICICI Bank
Indus Ind Bank
Karnatak Bank
Karur vysya Bank
Kotak Mahindra Bank
laxmi Vilas Bank
Standard Chartered Bank
the South Indian Bank Ltd
Yes Bank
Orissa State Co-op. Bank
Study Loan Apply Odisha Kalinga Sikhya Sathi Yojana

KSSY Offline Apply Banks List

Check KSSY Banks List – https://dhe.odisha.gov.in/sites/default/files/2021-10/banklist.pdf

KSSY Grievance Box

Study Loan Apply Odisha Kalinga Sikhya Sathi Yojana -If you have been admitted in any professional course and also contacted bank personnel regarding loan, but still you have doubts / grievance then submit your grievance in the Grievance Box – https://dhe.odisha.gov.in/feedback-KSSY

Check Frequently Asked Questions at https://dhe.odisha.gov.in/sites/default/files/2021-10/FAQ_KSSY_Revd.pdf

CSIS vs KSSY – https://dhe.odisha.gov.in/schemes-and-scholarship/online-application-module-for-scholarship-and-loan/kalinga-sikhya-sathi-yojna/csis-kssy

Leave a Comment

Your email address will not be published. Required fields are marked *