Odisha Govt to provide Education Loan at 1% Interest for Higher Studies

Odisha Chief Minister Naveen Patnaik on Monday launched a new scheme “Kalinga Siksha Sathi Yojana” (KSSY) to provide education loan at 1% interest to students for pursuing higher studies.

Naveen Patnaik said, this decision will reduce the loan burden of parents who are not able to effort money for higher education.

Odisha government will provide a cost of Rs 500 crore from its own resources for this purpose, office sources said.

Odisha CM said the State government dedicated this scheme to former Chief Minister Biju Patnaik on his Birth Centenary.