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There are many students in Odisha who want to pursue higher education but because of their financial condition, they are unable to pursue their dream of getting educated properly. Keeping the financial condition of such students in mind the Government of Odisha has launched Kalinga Sikhya Sathi Yojana. Through this scheme, the government is going to provide loans to students for higher education. By reading this article you will get all the important details regarding this scheme like what is Kalinga sikhya Sathi Yojana? its objective, benefits, features, eligibility criteria, required documents, application procedure, etc. So if you are interested to grab every single detail regarding the scheme then you are requested to read this article very carefully till the end.

About Kalinga Sikhya Sathi Yojana 2021

The chief minister of Odisha Mr. Naveen Patnaik has launched Kalinga Sikhya Sathi Yojana on 27th June 2016 for the students of Odisha who want to pursue higher education. The government is going to provide educational loans up to Rs 10 lakh through this scheme at only a 1% rate of interest. The balance interest will be paid by the Higher Education Department of the government of Odisha. By the implementation of this scheme, the financial burden of education on the parents as well as on students will be reduced. All the courses like law, management, engineering, medicine, etc will be covered under this scheme.

If the loan amount is up to Rs 7.5 lakh then the repayment period of the loan is 10 years and if the loan is up to Rs 10 lakh then the repayment period will be 15 years. Students can avail of loans under the Yojana from scheduled banks.

 

 

Details Related To Loan Amount Under Kalinga Sikhya Sathi Yojana

Maximum Amount	Rs 10 Lakh
Minimum Amount	No Minimum Limit
Repayment Period	10 Years In Case Of Loan Upto Rs 7.5 Lakh And 15 Years In Case Of Loan Upto Rs 10 Lakh
Rate Of Interest	1%

 

Key Highlights Of Kalinga Sikhya Sathi Yojana

Name Of The Scheme	Kalinga Sikhya Sathi Yojana
Launched By	Chief Minister Of Odisha Mr Naveen Patnaik
Beneficiary	Students Of Odisha
Objective	To Provide Educational Loan
Official Website	Click Here
Year	2021
State	Odisha
Scheme Type	Government Scheme
Application Type	Online/Offline
Loan Amount	Upto Rs 10 Lakh
Repayment Period	10 Years In Case Of Loan Upto Rs 7.5 Lakh And 15 Years In Case Of Loan Upto Rs 10 Lakh
Rate Of Interest	1%

 

Objective Of Kalinga Sikhya Sathi Yojana

The main objective of Kalinga Sikhya Sathi Yojana is to provide educational loans so that all those students who want to pursue higher education but due to their financial condition are unable to do so can get the chance to study further. With the help of this scheme, the financial burden on parents and students will be reduced. Now the citizens of Orissa will be able to pursue their education because of the Yojana as per their interest which will increase the literacy ratio in the state. This scheme will also play an important role in generating employment in the country as more and more students will become educated due to the implementation of this scheme which will automatically generate employment.

 

List Of Banks Providing Kalinga sikhya Sathi Yojana

Serial Number	Name Of Banks
1.	Allahabad Bank
2.	Andhra Bank
3.	Bank of Baroda
4.	Bank of India
5.	Bank of Maharashtra
6.	Bharatiya mahila Bank
7.	Canara Bank
8.	Central Bank
9.	Central Bank of India
10.	Dena Bank
11.	IDBI Bank
12.	India bank
13.	Indian Overseas Bank
14.	Oriental Bank of commerce
15.	Punjab and Sind Bank
16.	Punjab National Bank
17.	State Bank of Bikaner and Jaipur
18.	State Bank of Hyderabad
19.	State Bank of India
20.	State Bank of Mysore
21.	State Bank of Travancore
22.	Syndicate Bank
23.	UCO Bank
24.	Union Bank of India
25.	United Bank of India
26.	Vijaya Bank
27.	Axis Bank limited
28.	Bandhan Bank
29.	City union Bank
30.	DCB
31.	Federal Bank
32.	HDFC Bank
33.	ICICI Bank
34.	Indusland Bank
35.	Karnatak Bank
36.	Karur vyasya Bank
37.	Kotak Mahindra Bank
38.	Lakshmi Vilas Bank
39.	Standard chartered Bank
40.	The South India bank limited
41.	Yes Bank
42.	Odisha State cooperative Bank

 

Benefits And Features of Kalinga Sikhya Sathi Yojana

• The chief minister of Odisha Mr. Naveen Patnaik has launch Kalinga Sikhya Sathi Yojana
• This scheme was launched on 27 June 2016 for the student of Odisha who wants to pursue higher education
• Through this scheme, the government provides financial assistance to students in the form of educational loans up to Rs 10 lakh
• The beneficiary is required to pay only a 1% rate of interest on the amount of the loan
• All the courses like medical, engineering, law, management, etc will be covered under this scheme
• The balance rate of interest will be paid by the higher education department of the Government of Odisha
• If the loan amount is up to Rs 7.5 lac then the repayment period of this loan is 10 years
• If the loan amount is up to Rs 10 lakh then the repayment period of this loan is 15 years
• Educational loan under this Yojana can be availed from scheduled banks
• Only the citizens of Odisha can apply under this scheme
• The annual family income of the applicant must not be more than Rs 600000 per annum
• The interest rate is zero during the moratorium period under this scheme

Interest Subvention in Moratorium Period of Kalinga Sikhya Sathi Yojana

The moratorium period is a time period in which the borrower is not obliged to make any kind of repayment of the loan. In this period the borrower is not required to make any payment of EMI. This is basically a kind of waiting period. For educational loans the moratorium period is the period of course including one year. It varies from bank to bank. Under this Yojana the government provides financial assistance by subventing the interest of repayment and moratorium period after the course of student is completed.

Eligibility Criteria Of Kalinga Sikhya Sathi Yojana

• Applicant must be permanent resident of Odisha
• The annual family income of the applicant must not be more than 6 lakh per annum
• Applicant must not be getting benefit of similar scheme from Central or state government
• The terms and conditions of the loan will be as per norms of individual schedule banks
• The bank hold the authority to process the loan application

Required Documents To Apply For Kalinga Sikhya Sathi Yojana

• Aadhar card
• PAN card
• Bank passbook
• Income certificate
• Marksheet of last passed examination
• Ration card
• Mobile number
• Passport size photograph

Procedure To Apply Under Kalinga Sikhya Sathi Yojana

• First of all go to the official website of the Higher Education Department, Government of Odisha
• The home page will open before you

 

• On the home page, you are required to click on Kalinga sikhya Sathi

 

• Now you have to click on click here to apply

 

• After that, you have to click on the register

 

• A new page will open before you
• On this new page you have to enter the following information:-
  • First name
  • Middle name
  • Last name
  • Mobile number
  • Email ID
  • Password
  • Captcha code
• After that you have to click on submit
• Now you have to click on the login
• After that, you have to click on the student login

• Now you have to enter your email id, password, and captcha code
• After that, you have to click on the login
• Now you have to click on apply under this scheme
• After that application form will appear before you
• In this application form, you have to enter all the required details like your name, email, phone number, etc
• After that, you have to upload all the important documents
• Now you have to click on submit
• By following this procedure you can apply for the Yojana

Procedure To Login On The Portal

• Visit the official website of Vidya Lakshmi

• The homepage will open before you
• On the home page were required to click on the login
• The following options will appear before you
  • Student login

 

• Bank login

 

• Government login

• You have to click on the option of your choice
• After that, you have to enter a username, password, and captcha code
• Now you have to click on the login
• By following this procedure you can log in to the portal

Offline Application Procedure Of Kalinga Sikhya Sathi Yojana

• First of all, go to the nearest bank
• Now on the inquiry window ask for the Kalinga sikhya Sathi Yojana application form
• Now duly fill this application form by entering all the required details like your name, email id, mobile number, etc
• After that attach all the required documents to this application form
• Now submit this application form to the same bank
• By following this procedure you can apply for the Yojana

Procedure To Lodge Grievance

• Go to the official website of the Higher Education Department, Government of Odisha
• The home page will open before you
• Now you are required to click on Kalinga Sikhya Sathi
• After that, you have to click on the grievance box

• Grievance form will appear before you
• In this grievance form you are required to enter the following details:-
  • Name
  • Email
  • Mobile number
  • Address
  • Message
  • Captcha code
• After that you are required to click on submit
• By following this procedure you can lodge a grievance

Procedure To Search For Loans

• First of all, go to the official website of Vidya Lakshmi
• The homepage will open before you
• On the homepage, you are required to click on search for loans

• Now you have to enter your email id, password, and captcha code
• After that, you have to click on the login
• Now you have to click on the search for loan link
• The list of all the available loans will be displayed on your computer screen