Odisha Govt to Provide Higher Education Loan at 1% interest

sponsored links

Odisha Chief Minister Naveen Patnaik on Monday launched a new scheme “Kalinga Siksha Sathi Yojana” to provide education loan at 1% interest to students for pursuing higher studies. The state government will meet the fund requirement of about Rs 500 crore from its own resources.

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

Asserting that he fully understood the financial stress parents undergo in meeting the education cost of their children, Patnaik said the historic and pioneering step of the government will reduce the loan burden of lakhs and lakhs of parents. This will also financially empower the poor students to pursue their aspiration in higher education, he added.

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

sponsored links

Check Also

WannaCry Attack : One more case at Titilagarh Utkal Gramya Bank

sponsored links Bolangir : Even as a three-member team of the cyber cell of State …

2 comments

  1. aT THE OUTSET, i CONGRATULATE Odisha Chief Minister Naveen Patnaik FOR launchING a new scheme “Kalinga Siksha Sathi Yojana” to provide education loan at 1% interest to students for pursuing higher studies.This will definitely reduce the financial burden on the parents who want to educate their child for higher education.
    My daughter, priyanka Jena has received an offer from Manchester Metropolital University(MMU), UK for one year full time master study in Textile Design from September, 2016. The estimated cost is 25Lakhs and I am worried for the financial burden. I am a permanent resident of Odisha and aptresent serving at Delhi. I want to know, how I can get the benefit of “Kalinga Siksha Sathi Yojana”.
    Regards
    UMAKANTA JENA, AT/POST- SOLAMPUR, VIA-JAJPUR, ODISHA,MOB-09868858485, E-MAIL:UKJENA@NIC.IN

  2. At the outset,I heartily congratulate Hon’ble Odisha Chief Minister Shri Naveen Patnaik for launchING a new scheme “Kalinga Siksha Sathi Yojana” to provide education loan at 1% interest to students for pursuing higher studies.This will definitely reduce the financial burden on the parents who want to educate their child for higher education.
    My daughter, priyanka Jena has received an offer from Manchester Metropolital University(MMU), UK for one year full time master study in Textile Design from September, 2016. The estimated cost is 25Lakhs and I am worried for the financial burden. I am a permanent resident of Odisha and aptresent serving at Delhi. I want to know, how I can get the benefit of “Kalinga Siksha Sathi Yojana”.This benefit should be extended to all odiya students irrespective of their place of education.

    Regards
    UMAKANTA JENA,
    AT/POST- SOLAMPUR,
    VIA-JAJPUR,
    ODISHA,MOB-09868858485,
    E-MAIL:UKJENA@NIC.IN

Leave a Reply

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