Mr. Naveen Patnaik, the Chief Minister of Odisha, introduced the Kalinga Sikhya Sathi Yojana on June 27, 2016, for children in Odisha who aspire to pursue higher education. The government of Odisha has established the Kalinga Sikhya Sathi Yojana (KSSY) to assist regional scholars. Student loans are offered at a low interest rate under the KSSY plan to enable them to complete their desired higher education degree. Read below to check the detailed information related to the Kalinga Sikhya Sathi Yojana (KSSY) 2024 like Objectives, Features, Benefits, Eligibility Criteria, Required Documents, List of Banks that offer the KSSY Scheme, Loan Amount Details, Application Procedure, Grievance, and much more.
Kalinga Sikhya Sathi Yojana (KSSY) 2024
It has become increasingly important to be educated and hold a bachelor’s degree to have a safe and promising future. Due to financial restraints, many people are unable to follow their ambitions of earning a higher education degree The financial strain of education on parents and pupils will be decreased as a result of the implementation of this system. This program will include all disciplines such as law, management, engineering, medicine, etc. Through this initiative, the government will give up to Rs 10 lakh educational loans at a 1% interest rate. The Odisha government’s Higher Education Department will cover the remaining interest. If the loan amount is up to Rs 7.5 lakh, the return time is ten years, and if the loan amount is up to Rs ten lakh, the repayment duration is fifteen years. Students can get loans from scheduled banks through the KSSY.
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Highlights of Kalinga Sikhya Sathi Yojana
| Scheme Name | Kalinga Sikhya Sathi Yojana (KSSY) |
| Introduced By | Chief Minister of Odisha Mr. Naveen Patnaik |
| Launched on | June 27th, 2016 |
| Department | Department of Higher Education |
| State | Odisha |
| Beneficiaries | Poor candidates of Odisha who are unable to pursue their higher education |
| Objective | To provide educational loans to the deserving candidates |
| Benefits | Student loans up to Rs. 10 lakhs at a 1% rate of interest |
| Repayment Period | 10 years to 15 years |
| Official Website | http://dheodisha.gov.in/KSSY/KSSY.aspx |
| Email Id | vidyalakshmi@nsdl.co.in |
| Contact Number | Phone: 020-25678300 |
Objectives of Kalinga Sikhya Sathi Yojana
The government of Odisha has introduced a new loan scheme for aspiring students who want to pursue higher education. The major goal of the Kalinga Sikhya Sathi Yojana is to give educational loans so that all candidates who desire to continue higher education but are unable to do so due to financial constraints can do so. It eases the financial burden on parents who cannot afford to pay for their children’s higher education Because of the Yojana, residents of Orissa will be able to attain their education according to their interests, thus increasing the state’s literacy rate. This system will also play an essential part in generating employment in the country, as more and more people will get qualified as a result of the scheme’s adoption, which will generate employment gradually. ease the financial burden on parents who cannot afford to pay for their children’s higher education.
Also Check: Odisha Labour Card List
Kalinga Sikhya Sathi Yojana Features
Some of the key features of Kalinga Sikhya Sathi Yojana (KSSY) 2024 are as follows:
- The Government of Odisha introduced the Kalinga Sikhya Sathi Yojana.
- Mr. Naveen Patnaik, the state’s Chief Minister, inaugurated it on June 27th, 2016.
- The benefits of the scheme are only available to Odisha residents.
- The program is designed for low-income students who want to pursue higher education in their chosen sector.
- Under the scheme, educational loans can be obtained from any of the participating banks.
- The KSSY allows the government to grant student loans up to RS. 10 lakhs at a 1% interest rate.
- If the loan amount is less than 7.5 lakhs and the repayment time is 10 and 15 years, respectively,
- DHE, Odisha will be the balance rate of interest for the loan amount that would be carried.
- Students must pay back the money once their course is completed.
- The plan covers all major courses, such as medicine, engineering, law, and management.
- During the moratorium time, no interest will be charged.
KSSY Benefits
Some of the main benefits of Kalinga Sikhya Sathi Yojana (KSSY) 2024 are as follows:
- This program assists students who are pursuing professional degrees at UGC/AICTE-approved institutions.
- The state government would raise roughly Rs 500 crore from its funds to cover the money demand.
- The Odisha government has been granting educational loans to aspiring students at a very low interest rate of about 1% under the KSSY.
- The loan will be repaid over at least 10 to 15 years, so the applicant will not have to panic or feel nervous about it.
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List of Banks that Offer KSSY Scheme
The following is a list of banks that offer the KSSY Yojana
| Serial Number | Name Of Banks |
| 1. | Central Bank |
| 2. | Andhra Bank |
| 3. | Bank of Baroda |
| 4. | Dena Bank |
| 5. | Bank of Maharashtra |
| 6. | Bharatiya mahila Bank |
| 7. | Canara Bank |
| 8. | Allahabad Bank |
| 9. | Central Bank of India |
| 10. | Bank of India |
| 11. | IDBI Bank |
| 12. | Punjab and Sind Bank |
| 13. | Indian Overseas Bank |
| 14. | Axis Bank Limited |
| 15. | India bank |
| 16. | State Bank of India |
| 17. | State Bank of Bikaner and Jaipur |
| 18. | State Bank of Hyderabad |
| 19. | State Bank of Travancore |
| 20. | State Bank of Mysore |
| 21. | Punjab National Bank |
| 22. | United Bank of India |
| 23. | ICICI Bank |
| 24. | Union Bank of India |
| 25. | Syndicate Bank |
| 26. | Bandhan Bank |
| 27. | Karur Vyasa Bank |
| 28. | HDFC Bank |
| 29. | City Union Bank |
| 30. | DCB |
| 31. | Federal Bank |
| 32. | Vijaya Bank |
| 33. | UCO Bank |
| 34. | Lakshmi Vilas Bank |
| 35. | Karnataka Bank |
| 36. | The South India Bank limited |
| 37. | Kotak Mahindra Bank |
| 38. | Odisha State Cooperative Bank |
| 39. | Yes Bank |
| 40. | The South India bank limited |
| 41. | Standard Chartered Bank |
| 42. | Indus land Bank |
Loan Amount Details Under Kalinga Sikhya Sathi Yojana
The Loan Amount Details Under KSSY is given in the table below:
| Maximum Amount | Rs 10 Lakh |
| Minimum Amount | No Minimum Limit |
| Repayment Period | 10 Years in Case of Loan up to Rs 7.5 Lakh And 15 Years In Case Of Loan up to Rs 10 Lakh |
| Rate Of Interest | 1% |
Kalinga Sikhya Sathi Yojana Eligibility Criteria
Applicants who want to apply for the KSSY 2024 must fulfill the eligibility criteria put forward by the Department of Higher Education Odisha. The eligibility criteria for Kalinga Sikhya Sathi Yojana (KSSY) 2024 are given in the table below:
- The candidate must be a permanent Odisha citizen.
- The applicant must not be receiving any benefits from a similar plan run by the Central or state governments.
- The individual’s annual household income cannot exceed Rs. 6 lakh per year.
- The bank is in charge of processing the loan application.
- The loan’s terms and conditions will be determined by the standards of specific schedule banks.
Also Check: Odisha Madhu Babu Pension Yojana
Required Documents for KSSY
While filling up the application form for Kalinga Sikhya Sathi Yojana (KSSY) 2024, some important documents will be needed by the applicants, make sure to keep them handy. The documents required for KSSY 2024 are as follows:
- Passport size photograph
- Aadhar card
- Mobile number
- Marksheet of last passed examination
- PAN card
- Ration card
- Bank passbook
- Income certificate
Kalinga Sikhya Sathi Yojana Apply Online
Once the applicants find themselves eligible for the KSSY, they can proceed further by filling up the KSSY Scheme Application Form. Following is the step-by-step process of filling out the application form.
- First of all, go to the official website of the Higher Education Department, Government of Odisha i.e., https://dhe.odisha.gov.in/.
- A new page will open on the screen, click on the click here to apply button.
- Now click on the Register tab.
- A new sign-in page will open on the screen where you need to register yourself by filling in the form with the following details:
- First name
- Middle name
- Last name
- Mobile number
- Email ID
- Password
- After that enter the Captcha code and click on the Submit button to complete the registration process.
Application Process
- First of all, go to the official website of the Higher Education Department, Government of Odisha i.e., https://dhe.odisha.gov.in/.
- On the homepage of the website, click on the Kalinga Sikhya Sathi Yojana (KSSY) link.
- A new page will open on the screen, click on the click here to apply button.
- Now click on the Login tab followed by the Student Login Tab
- The login page will open on the screen.
- Enter your email id, password, and captcha code.
- Now, click on the Login button.
- Once you are successfully logged in, click on the Apply button.
- An application form will open on the screen.
- Fill in the form with all the required details.
- After that upload all the required documents.
- Now, review and recheck the filled details to avoid any mistakes.
- Finally, click on the Submit button to complete the application procedure.
Steps to Apply for Kalinga Sikhya Sathi Yojana (Offline)
To apply for KSSY in an offline mode, applicants need to follow the below-given steps:
- First of all, visit your nearest bank that offers the Yojana.
- Collect the Kalinga Sikhya Sathi Yojana (KSSY) application form from the concerned department of the bank.
- Fill in the form with all the required details.
- Attach all the required documents along with the application form.
- Review and recheck the application form to avoid any mistakes.
- Finally, submit the filled application form to the concerned department of the bank.
- Once your application form is successfully submitted and verified, the authorities will process your application.
Steps to Lodge Grievance
To Lodge the Grievance, applicants need to follow the below-given steps:
- First of all, go to the official website of the Higher Education Department, Government of Odisha i.e., https://dhe.odisha.gov.in/.
- On the homepage of the website, click on the Kalinga Sikhya Sathi Yojana (KSSY) link.
- A new page will open on the screen, click on the Grievance Box option.
- The grievance form will open on the screen.
- Now, fill in the form with all the required details like:
- Name
- Mobile number
- Address
- Grievance Description
- After that enter the captcha code and click on the Submit button
Contact Details
For any queries or details you want to know regarding the KSSY Scheme feel free to contact us at the below-given number details during the working hours of the Head office which is from Monday to Friday 9:30 am to 6 pm.
Address:
- Times Tower, 1st Floor,
- Kamala Mills Compound,
- Lower Parel, Mumbai,
- Maharashtra 400013
- Contact Number- 020-25678300
- Email Id- vidyalakshmi@nsdl.co.in