Odisha Government launches Kalinga Siksha Sathi Yojana
Posted on: 28 Jun 2016 11:16:08
28 June 2016 Current Affairs: Odisha Chief Minister Naveen Patnaik has launched a new scheme Kalinga Siksha Sathi Yojana (KSSY) with an aim to provide education loan at 1 percent interest to students for pursuing higher studies .
The State government dedicated this scheme to former Chief Minister Biju Patnaik on his Birth Centenary. Patnaik had instituted Kalinga UNESCO award for the popularisation of science when he was only 35 years old.
Highlights of the Kalinga Siksha Sathi Yojana : Poor students aspiring to pursue professional and technical education can now avail themselves of study loan up to 10 lakh rupees at one percent interest rate.This will be a major help for students pursuing higher education including Management, Law, Engineering, Medicine etc. It will reduce the loan burden of parents who are not able to effort money for higher education.
Odisha government will provide a cost of 500 crore rupees from its own resources for this purpose.
Criteria For Availing the Loan : Family income must be below 4.5 lakh per annum.Security deposit as per bank rules. Students will have to repay the loan amount after 4-5 years moratorium period. Maximum 10 lakh loan can be availed. Bankers to decide to whom loan would be provided
FreshersLive - No.1 Job site in India. Fresherslive Current Affairs 2017 section offers informative quiz questions with answers regarding latest current affairs today for all sorts of competitive exams like UPSC, TNPSC , IFS, IAS, IPS, railway exams (RRB) and banking exams like IPBS PO, IPBS clerk, Federal Bank PO, ICICI, SBI, RBI legal officer & Grade officer posts and much more. Register with us to get latest Current Affairs Updates. Also get latest Current Affairs news and quiz Updates for free alerts daily through E-mail