ओडिशा कलिंग शिक्षा साथी योजना (केएसएसवाई)
Odisha state interest subsidy scheme bringing the effective interest on higher education loans up to ₹10 Lakh down to just 1% per annum.
📋पात्रता मानदंड एवं मार्जिन मनी (Eligibility & Margin Rules)
पात्रता की शर्तें
Permanent resident of Odisha with parental annual income from all sources not exceeding ₹6.00 Lakh, admitted to higher professional/technical education.
मार्जिन मनी आवश्यकता
Nil up to ₹4 Lakh; 5% above ₹4 Lakh.
जमानत / कोलेटरल आवश्यकता (Collateral Requirement)
Nil up to ₹7.5 Lakh under IBA model scheme; Collateral as per bank policy above ₹7.5 Lakh.
विशेष सरकारी ब्याज सब्सिडी (CSIS / सरकारी लाभ)
Government of Odisha pays the entire interest burden above 1% per annum directly to scheduled commercial banks.
📂खर्चे एवं आवश्यक दस्तावेज (Expenses Covered & Documents)
कवर किए जाने वाले शैक्षणिक खर्चे
Tuition, hostel, books, laptop, uniform, examination, and living expenses for professional courses (Engineering, Medical, Law, Management).
आवेदन हेतु आवश्यक दस्तावेज
Resident certificate of Odisha, income certificate (<₹6L), loan sanction letter and bank loan account passbook, admission proof, marksheets.
⚠️क्या कमी है / महत्वपूर्ण चेतावनियां (Honest Disclosures & Caveats)
Parental income ceiling is ₹6.00 Lakh; applies only to professional courses (medical, engineering, law, management); student must first secure a sanctioned education loan from a commercial bank before applying for the KSSY subvention on the Odisha State Scholarship portal.
🚀आवेदन प्रक्रिया (Official Application Process)
1. Obtain education loan from any scheduled commercial bank in Odisha. 2. Register on Odisha State Scholarship Portal (scholarship.odisha.gov.in). 3. Submit KSSY interest subvention application with loan account number. 4. Higher Education Department verifies and transfers monthly/quarterly interest subsidy directly to loan account.
❓अक्सर पूछे जाने वाले प्रश्न (FAQs)
How does KSSY reduce my education loan interest?
The commercial bank charges its standard lending rate (say 9.5%), but the student is only required to pay 1.00%. The remaining 8.50% interest is directly deposited by the Government of Odisha into the loan account.
What is the family income limit for Odisha KSSY?
Gross annual family income from all sources must not exceed ₹6.00 Lakh.
Can I apply for KSSY before getting a loan from a bank?
No. You must first secure an education loan from a scheduled commercial bank, and then apply on the Odisha portal to link KSSY interest subvention.