Chief Minister Naveen Patnaik has launched a new education loan scheme for poor meritorious students in the state. Named as “Kalinga Sikshya Sathi Yojana” the state government will provide education loans at interest of just 1 percent per annum to the poor students.
Objective of Kalinga Sikshya Sathi Yojana
The objective of the scheme is to ensure that the meritorious students from the poor families enroll into the higher studies. Until now, many such students does not enroll into the higher studies due to lack of the funds, but Kalinga Sikshya Sathi Yojana will ensure help to such students and their better future.
The students wants to undergo higher studies in education, medical, engineering, management, law and others can avail the education loan under the new scheme.
The scheme will definitely reduce the burden of education loans and financial stress on the poor households across the state. On the next day of launch, students also thanked Mr. Chief Minister by visiting his residence.
The state government has earmarked Rs. 500 crores for Kalinga Sikshya Sathi Yojana from its own resources. The state government has dedicated this scheme to former Chief Minister Biju Patnaik on his birth centenary.
Kalinga Sikshya Sathi Yojana Launched
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