Naveen Patnaik Chief Minister of Odisha on Monday launched a new scheme “Kalinga Siksha Sathi Yojana”
to provide education loan at 1% interest to students for pursuing
higher studies. The state government will meet the fund requirement of
about Rs 500 crore from its own resources.
“In line with the promise of providing
education loan at less interest rate, today the state government has
decided to provide education loan at 1 per cent per annum. This will be a
major help for students pursuing higher education including Management,
Law, Engineering, Medicine etc,” said the Chief Minister.
Asserting that he fully understood the
financial stress parents undergo in meeting the education cost of their
children, Patnaik said the historic and pioneering step of the
government will reduce the loan burden of lakhs and lakhs of parents.
This will also financially empower the poor students to pursue their
aspiration in higher education, he added.
“I dedicate the scheme to the foresight
of Biju babu on his birth centenary who had instituted ‘Kalinga UNESCO’
award for the popularisation of science when he was only 35 years old,”
said the Chief Minister.
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