Kalinga Sikhya Sathi Yojana: Eligibility Criteria, Benefits, and Features

Kalinga Sikhya Sathi Yojana
Kalinga Sikhya Sathi Yojana

The Kalinga Sikhya Sathi Yojana, launched by Chief Minister Mr Naveen Patnaik on June 27, 2016, is a transformative initiative by the Government of Odisha designed to assist economically underprivileged students. The scheme offers educational loans at an exceptionally low interest rate, aiming to make higher education more accessible and affordable for the youth of Odisha.

Objective of the Scheme

The primary objective of this Yojana is to enable students from lower economic backgrounds to pursue higher education without the burden of financial constraints. By facilitating educational loans at minimal interest rates, the scheme aims to boost the literacy rate and empower the youth, thereby enhancing employment opportunities in the state and contributing to its overall economic development.

Kalinga Sikhya Sathi Yojana (KSSY) Amount Details

Loan Amount

  • Maximum Loan Amount: Up to Rs 10 lakh to cover educational expenses.
  • No Minimum Limit: Students can borrow as per their actual requirement without any predefined lower limit.

Repayment Terms

  • Loans up to Rs 7.5 lakh: These can be repaid over 10 years.
  • Loans up to Rs 10 lakh: A longer repayment period of 15 years is provided, allowing graduates more time to establish themselves financially.

List of Banks Providing Scheme Benefits

The Yojana is supported by a robust network of 42 scheduled banks, which includes a mix of public sector, private sector, and regional banks. This extensive network ensures that students across Odisha have convenient access to the scheme.

  • Allahabad Bank
  • Andhra Bank
  • Bank of Baroda
  • Bank of India
  • Bank of Maharashtra
  • Bharatiya Mahila Bank
  • Canara Bank
  • Central Bank
  • Central Bank of India
  • Dena Bank
  • IDBI Bank
  • Indian Bank
  • Indian Overseas Bank
  • Oriental Bank of Commerce
  • Punjab and Sind Bank
  • Punjab National Bank
  • State Bank of Bikaner and Jaipur
  • State Bank of Hyderabad
  • State Bank of India
  • State Bank of Mysore
  • State Bank of Travancore
  • Syndicate Bank
  • UCO Bank
  • Union Bank of India
  • United Bank of India
  • Vijaya Bank
  • Axis Bank Limited
  • Bandhan Bank
  • City Union Bank
  • DCB Bank
  • Federal Bank
  • HDFC Bank
  • ICICI Bank
  • IndusInd Bank
  • Karnataka Bank
  • Karur Vysya Bank
  • Kotak Mahindra Bank
  • Lakshmi Vilas Bank
  • Standard Chartered Bank
  • South Indian Bank
  • Yes Bank
  • Odisha State Cooperative Bank

Benefits and Features of Kalinga Sikhya Sathi Yojana 2024

Wide Range of Courses Covered

The loan covers diverse fields of study including medical, engineering, law, and management, among others.

Financial Relief

The key financial benefit of the scheme is the subsidized interest rate of 1%, with the government covering the remainder, significantly reducing the debt burden on students.

Interest Subvention in Moratorium Period

Definition and Duration

  • Moratorium Period: This includes the duration of the course plus one year post-completion, during which no repayment is required.


This policy helps students focus on their studies and career establishment without the immediate worry of loan repayments.

Eligibility Criteria

Resident Status

  • Applicants must be permanent residents of Odisha.

Income Cap

  • The family income of the applicant must not exceed Rs 6 lakh per annum.

Other Eligibility Conditions

  • Applicants must not be availing of similar benefits from any other government educational loan schemes.

Required Documents To Apply

  • Identification Documents: Aadhar card and PAN card.
  • Bank Details: Bank passbook.
  • Proof of Income: Income certificate.
  • Educational Records: Marksheet of the last passed examination.
  • Residential Proof: Ration card.
  • Contact Information: Mobile number and passport-sized photographs.

Procedure To Apply Under Kalinga Sikhya Sathi Yojana 2024

Online Application

  1. Visit the Official Website: Go to the Higher Education Department’s portal.
  2. Registration: Complete the initial registration by providing basic details such as name, mobile number, and email.
  3. Application Form: Log in with your credentials, access the application form, fill it out, and upload the required documents.
  4. Submission: Review and submit the application.

Offline Application

  1. Visit a Designated Bank: Go to one of the participating banks.
  2. Application Form: Request, fill out the physical application form, and attach the required documents.
  3. Submission: Submit the form at the bank.

Procedure To Login On The Portal

  • Access: Use your registered credentials to log in and manage your application, check loan status, or access further services.

Procedure To Lodge Grievance

  1. Grievance Form: Access the grievance form on the official portal.
  2. Submission: Enter the required details and describe your issue to lodge the grievance.

Procedure To Search For Loans

  • Loan Search: Use the portal’s search functionality to find and compare available educational loans.

Contact Details

  • Helpline and Email: Available for ongoing support and to resolve any queries during the application process or loan tenure.

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