Kalinga Sikhya Sathi Yojana (KSSY): Education Loan in Odisha

Kalinga Sikhya Sathi Yojana: In a significant move to support the dreams of aspiring students, the Odisha Government introduced the Kalinga Sikhya Sathi Yojana (KSSY), an Educational Loan program offering an unprecedented 1% interest rate. This visionary initiative was inaugurated by the Hon’ble Chief Minister of Odisha, Shri Naveen Patnaik, on June 27, 2016, with the primary aim of alleviating the financial burden on parents who aspire to provide their children with higher education.

Kalinga Sikhya Sathi Yojana (KSSY)
Kalinga Sikhya Sathi Yojana (KSSY)

Key Features of Kalinga Sikhya Sathi Yojana

Accessible Financial Support for Higher Education; Under the Kalinga Sikhya Sathi Yojna, students have the opportunity to secure loans for pursuing higher education from scheduled banks, with loans extending up to 10 lakhs Indian Rupees for their chosen courses.

Loan Amount

  • Maximum Loan: The scheme permits students to avail a maximum educational loan of 10 lakhs Indian Rupees.
  • No Minimum Loan: There is no minimum loan amount stipulated, meaning that students can secure any amount of loan they require, up to the ceiling of 10 lakhs Indian Rupees.

Loan Repayment

The KSSY offers flexible repayment options:

  • For loans up to 7.5 lakhs, the repayment period extends up to 10 years.
  • Loans exceeding 7.5 lakhs and up to 10 lakhs have a repayment period of 15 years.

Interest Rate

One of the standout features of Kalinga Sikhya Sathi Yojna is the incredibly low interest rate. Students availing the loan need to pay just 1% interest on the loan amount. The remaining interest amount is subsidized by the Government of Odisha, Higher Education Department.

Eligibility Criteria for KSSY

Who Can Benefit from KSSY?

To be eligible for this program, students must meet the following criteria:

  • Residency: The student should be a resident of Odisha.
  • Family Income: The annual income of the student’s family should not exceed 6 lakhs per annum.
  • Loan Terms: The terms and conditions of the loan will be determined by individual scheduled banks. Loan applications will be processed as per the banks’ regulations.

Supporting the Underprivileged

An Inclusive Approach to Higher Education; KSSY warmly welcomes economically disadvantaged students who aspire to pursue higher studies. This program extends a helping hand to such students in their educational journey.

Moratorium Period Benefits

Making Education More Accessible; Traditionally, education loans include a moratorium period equal to the course duration plus one year, as decided by the banks. However, KSSY stands out by offering interest subvention during the repayment period, including the moratorium period following course completion. This unique feature greatly benefits the students, making higher education more accessible and affordable.

How to Apply

To apply for the KSSY, students need to visit the website of the Department of Higher Education, Government of Odisha. On the website, they will find a link to the online application form for the scheme.

To fill out the application form, students will need to provide their personal details, academic details, and family income details. They will also need to attach copies of relevant documents, such as their admission letter, income certificate, and mark sheets.

Once the application form is submitted, it will be processed by the Department of Higher Education. If the student is eligible for the scheme, they will be issued a loan sanction letter. They can then take the loan sanction letter to any scheduled bank in Odisha to get the loan amount.

Online Apply Link: CLICK HERE.

List of Banks participated in KSSY

Kalinga Sikh Sathi Yojana (KSSY) educational loan scheme in Odisha is available through various scheduled banks. Some of the banks that commonly participate in the educational loan schemes of the Government of Odisha include:

SL NoBank Name
1Allahabad Bank
2Andhra Bank
3Bank of Baroda
4Bank of India
5Bank of Maharashtra
6Bharatiya Mahila Bank
7Canara Bank
8Central Bank
9Central Bank of India
10Dena Bank
11IDBI Bank
12Indian Bank
13Indian Overseas Bank
14Oriental Bank of Commerce
15Punjab & Sind Bank
16Punjab National Bank
17State Bank of Bikaner & Jaipur
18State Bank of Hyderabad
19State Bank of India
20State Bank of Mysore
21State Bank of Travancore
22Syndicate Bank
23UCO Bank
24Union Bank of India
25United Bank of India
26Vijaya Bank
27Axis Bank Ltd
28Bandhan Bank
29City Union Bank
31Federal Bank
32HDFC Bank
33ICICI Bank
34IndusInd Bank
35Karnataka Bank
36Karur Vysya Bank
37Kotak Mahindra Bank
38Laxmi Vilas Bank
39Standard Chartered Bank
40The South Indian Bank Ltd
41Yes Bank
42Orissa State Co-op. Bank

Key Points of KSSY

FeatureKalinga Sikhya Sathi Yojana (KSSY)
Scheme NameKalinga Sikhya Sathi Yojana (KSSY)
Purpose of SchemeTo provide financial assistance to students from low-income families to pursue higher education.
Who InauguratedShri Naveen Patnaik, Hon’ble Chief Minister of Odisha
Date of InaugurationJune 27, 2016
Who Can Get BenefitStudents who are residents of Odisha and have an annual family income of less than Rs. 6 lakh
Loan AmountUp to Rs. 10 lakh
Period of LoanUp to 10 years for loans up to Rs. 7.5 lakh and up to 15 years for loans above Rs. 7.5 lakh
Rate of Interest1%
EligibilityStudents who are residents of Odisha and have an annual family income of less than Rs. 6 lakh
Moratorium PeriodCourse period plus one year
Official Websitehttps://dhe.odisha.gov.in/
More Govt Scheme Odisha Govt Scheme


Empowering the Future Leaders of Odisha.

In conclusion, the Kalinga Sikhya Sathi Yojna is a groundbreaking initiative that supports the educational aspirations of the youth of Odisha. With its remarkably low interest rate, flexible repayment terms, and a focus on uplifting underprivileged students, this scheme empowers the future leaders of the state and paves the way for a brighter and more educated Odisha.

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