The Kalinga Sikhya Sathi Yojana (KSSY) is an initiative by the Department of Higher Education, Govenment of Odisha to reduce the financial burden on the parents of students who wish to pursue higher education. Under this scheme, students can avail a maximum of INR 10,00,000 as educational loan at 1% interest. The Higher Education Department, Government of Odisha will pay the remaining interest on the loan, and the loan can be used to pay for courses such as medicine, engineering, law, and management. This scheme covers a wide range of courses, including medicine, engineering, law, and management.
Educational loan of up to INR 10,00,000 at 1% interest rate
Note: Loan repayment period is 15 years if the amount is up to INR 10,00,000 and 10 years if the applied loan amount is up to INR 7,50,000.