Kalinga Siksha Sathi Yojana To Provide Education Loan @1% Interest

BHUBANESWAR: Odisha government on Monday launched a new scheme ‘Kalinga Siksha Sathi Yojana’ to provide a loan at one percent interest to students willing to pursue higher studies.

Chief Minister Naveen Patnaik launched the new scheme here.

“In the tune of the promise of providing education loan at less interest rate, today the state government has decided to provide education loan at 1 percent per annum. This will be a major help for students undergoing higher education including Management, Law, Engineering, Medicine, etc,” said the Chief Minister.

He said the historic and pioneering step of the government would reduce the loan burden of lakhs and lakhs of parents.

The scheme will also financially empower poor students to pursue their aspiration in higher education. The state government will meet the fund requirement of about Rs 500 crores from its resources, he said.

“I dedicate the scheme to the foresight of Bijubabu on his birth centenary who had instituted ‘Kalinga UNESCO’ award for the popularization of science when he was only 35 years old,” said the Chief Minister.

Criteria For Availing Loan

  1. Family income must be below 4.5 lakh per annum
  2. Security deposit as per bank rules
  3. Students will have to repay the loan amount after 4-5 years moratorium period
  4. Maximum 10 lakh loan can be availed
  5. Bankers to decide to whom loan would be provided


  1. Please help…. Can a candidate can apply for this loan for abroad studies????
    And in which criteria??????
    Please help

  2. What is the criteria for apply to get kalinga sikhya sathi ???

  3. What is the criteria for get kalinga siksha sathi???

  4. hello sir i m a diploma mechanical engg. student so can i take this loan?
    and when do u expect the date of publication of criteria..???????

  5. sakya pratap maharathy

    how much amount we can get and from which ban

  6. sakya pratap maharathy

    from which bank we will get loan

  7. income to be less than 6L

  8. What is the criteria for apply this scheme ..plz help me..sir..

  9. Sunil kumar samal

    i need help for my higher study so,i am waiting to apply for geti loan….i hope you will inform me soon about the scheme….thanks

  10. Prithviraj Sahu

    Some Criteria :

    1. Family income should be less than 4.5 lakhs/annum
    2. Maximum loan amount 10 lakhs

    We will update other information soon.

  11. Will it be available if a candidate is from odisha and is studying in other states ?

  12. bijay kumar sahu

    sir I want to read higher study.how can I apply this loan???

  13. subhransu sekhar

    sir, when we will start applying for this facility????

    • Subhransu,

      We will inform you as soon as govt directs banks to receive application for loans.

      Keep visiting updateodisha.com

  14. Prajwal panigrahy

    With due respect I have complete my +2 in chse board this year at hinjillicut science college .I have secured mark is 314 and 10 th mark is 470 and also givee jee main 2016 which scored is 70 and rank is 436645 and i want to study btech in computer science .so i get this loan sir

    • Prajwal,

      It depends on the bank. Once govt directs banks to provide this loan to students, you can apply for it. They will decide whether you get the loan or not.

  15. Can I get this facility for previous study loan

  16. Sir,
    I belongs to kendrapara….can i avail this loan…when we can apply for this loan ?

  17. Sir,
    I belongs to kendrapara….can i avail this loan ?

  18. Sir,
    Can we avail this loan for simple graduation (B.Sc) ?

  19. Criteria For Availing Loan

    Family income must be below 4.5 lakh per annum
    Security deposit as per bank rules
    Students will have to repay the loan amount after 4-5 years moratorium period
    Maximum 10 lakh loan can be availed
    Bankers to decide to whom loan would be provided

    i hope this should be named Kalinga Siksha Sathi for selected catagories ?
    this education loan is not for everybody who really desires .

  20. I want to study ll.m and now admission process is going on. So when and how we will apply. This loan facility will take some time. And in the mean time can we apply for loan. While study is continue.

  21. Sir when it will be came into effect………. Can I contact to any state bank to avail this loan…….if yes…than when I should contact….. To get this loan…???

  22. Please sir,
    You will inform me about this to my e-mail as soon as it came into effect.

  23. OK sir…….thank you very much

  24. manas ranjan parida

    sir tell me prossisesior to apply this loan

  25. Is it also for general category ?? N pls inform how n frm when we an apply for this loan as I want to study MBA .! Thank you

    • Prithviraj Sahu

      Yes, it is also for general category. We will update once govt directs banks to receive application. Wish you all the best.

  26. Can we avail this loan if we already have an existing loan?

  27. sakya pratap maharathy

    sir is there any update relating which bank will provide loan facility in this scheme

  28. sakya pratap maharathy

    how much minimum amount we can take?

  29. today i have called punjab national bank they said we dont have any update relating to it so from which date we can get this fasilities

  30. When this scheme is availed in nationalized / co-operative banks in Odisha????????

  31. Sir,
    I want to study MBA.So I desperately need this facility quickly for my admission process.when it should be allowed to the students and if I take loan now can it converted to this skim in future?
    Please inform me in my email address.

  32. Sir I have scored in 10th 70%,+2 82%,Bcom 71%,am I eligible for loan,also give the updates and criteria about loan

  33. Sankarsan Naik

    If admission date is over, how can I obtain the scheme ..

  34. my fathers annual income is 35000 and i’m a a bsc student can i got this loan?pls reply me..

  35. Dear Sir,

    Am going pursue MBA , which will start on August in IBCS (S’O’A University). Can i avail this Loan, If Yes, In which bank I should Request for the Same ?

    Want to know your reply as soon as Possible

    • Prithviraj Sahu

      Yes, you can apply once Govt. directs Banks to provide loan.
      You can avail this loan in any nationalised bank.

  36. is it for plus three students?i mean can i get this loan for my plus three second year and 3rd year?
    if yes then tell me its procedure

  37. My daughter studying b. SC agriculture 3 year. Taken the study loan on high interest. Can the interest rate reduce in this scheme?

  38. Suman Mohapatra

    What is the expected time to start the Kalinga Siksha Sathi Yogana Loan

    • Prithviraj Sahu

      Sorry Suman, we have no information regarding that. Scheme will be implemented following Cabinet’s approval.

  39. chandan kumar swain

    when and how we can apply for the loan?

  40. ye schem kab active hoga?

  41. vl ths year the student wil get ta loan

  42. sir i am continuing my btech degree in electronics tele communication ,can i eligible ???

  43. from which date we can take loan?

  44. Sir I am continuing my job and also continuing btech a Nd also taking a personal loan will bank give me the loan

  45. Yesterday I just went to nearest SBI to know about this scheme……but the manager told that till yet we have no any information for providing this loan………he also told that this loan will be available in cooperative banks……..

  46. Sir…….it may not happen that ….loan avail date may cross our course completion after admission………… So sir will you please say me that the expected time of availing this loan in months…….if to say in date is impossible

  47. sir with the due respect,want to know from which date we can get our education loan @1% because our admission will be held soon

  48. I also need info on KSSY Scheme. Banks have no clue on this. Websites say it’s already launched. What’s going on?

    • Prithviraj Sahu

      Even though the state government has declared the scheme, it is yet to notify the same. Besides, the scheme must be approved by the cabinet.

  49. is there any information about when cabinet meeting is there.because there is no value after student will do admission

  50. We can avail the loan after admission.Oh great,.Thanks for the info.

  51. pritiranjannanda

    Sir I complete my diploma.I want to admission in b.tech ..hah I apply for this if yes then how much period I get this loan because b.tech counseling will be done nd admission date 10/8/2016..if I admit but loan Wiil not scantion then i face a major problem because I belongs to a poor family…Sir plz reply

  52. Sir, i am B.tech final yr student and i have a study loan in sbi .

    Can I get this facility for ongoing study loan

    Plz sir inform me…

  53. sir mu addmisson karini loan karibi bali bhabuci kemiti kale heba

    • Subham,

      This scheme is recently passed. Wait for a few days and then ask any nationalized bank near you.

      Don’t forget to check the updated information. The link is given at the top of this article.

      Or you may click here.

  54. Sir can get loan for +3 admission

  55. Sir, can I get a loan for BSc information technology management??

  56. Sir can I get loan for nursing admission

  57. Sir I am not admit b.tech this year for finical problem because loan can nt be approved clg demand 50% money out of course inwant yo asmit next year..can I get this loan this year

  58. But how are the low income families supposed to deposit security ? Hope the govt. has considered this factor while framing the criteria.

  59. respected sir i have been running from last two year for study loan but till now i have not got bet so i have not dipposite my course fees.if you provide me study loan then my future will bright

  60. Dear Sir,

    When I inquired about the KSSY scheme in SBI Angul , they denied of receiving any letter from the government and their head office regarding the scheme.

    • Sorry to hear it Sankarsan. When we inquired, the govt. officials said it was already sent. We are also in dilemma whom to believe.
      You can complain about it via Chief Minister’s twitter/facebook handle.

  61. Basanta kumar barik

    Good morning sir….
    i need your help…
    Sir i have been apply this loan from allahabad bank but some issuues is there.. Actually i have completed my 10th on 2007 with 46% but complmental ,..+2 science with 43%..on 2009 and after one year i had taken the +3 with 66.38% admisson wich is pass out year 2013-december….and i discontinued my study..after break 2 years (2013-2016) again i take admisson of MBA of the year 2016-2018.. And i applied study loan…issues is that the allahabad bank saying ..your loan may not be sancation…you may not be eligibility for take this loan due to you do not continue your study and your % is verry poor….so plz sir read it mindly and suggest me…and may i eligibility or not…



  63. Prasanna Singh Samanta


  64. can a student studying outside odisha avail the scheme?

  65. swati priyadarsini

    Sir ,I am doing degree under Ouat , so can I apply the kssy loan??? If yes then when it ‘s date to apply?

  66. Sir, I am doing degree under Ouat so can I apply for the loan kssy? If I can apply then what was the date for application?

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