Banks Yet To Receive Letters On Kalinga Siksha Sathi Yojana

Bhubaneswar: Even though the Odisha cabinet has approved the Kalinga Siksha Sathi Yojana (KSSY) to provide educational loans at 1% interest, the nationalized banks are yet to receive the letters from the government to facilitate the loan to the students.

It has deprived the students to avail educational loan under the scheme.

“I have taken B.Tech admission in a government college, and I want to get a loan to continue my study. When I inquired about the KSSY scheme in some nationalized banks, they denied of receiving any letter from the government and their head office regarding the scheme,” said Soumya Ranjan Nayak.

Vivekananda Sahu, a management student, also complained the same.

“The government should intimate the banks about the scheme early so that we can avail the loan to pursue our education without financial stress,” said Sahu.

However, Higher Education secretary GVV Sharma said they have already intimated the nationalized banks about the Kalinga Siksha Sathi Yojana.

The state government has issued a resolution for implementation of the educational scheme to provide a loan at 1% interest to the students pursuing higher education. This resolution shall come into effect from the financial year 2015-16.

The scheme applies to the students availing education loan from scheduled banks up to 10.00 lakh. The course of study should be in Management or Integrated Law or Course of Engineering or Medicine in any educational institution in India.