Odisha launches new scheme for Education loan

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Odisha Chief Minister Naveen Patnaik on Monday launched a new scheme for higher education called ‘Kalinga Sikshya Sathi Yojana’.

Under the provisions of the scheme, the state government would provide education loan at only one per cent interest per annum to students undergoing higher education, including management, law, engineering, medicine and others. The state government has earmarked Rs 500 crore from its own resources for the purpose.

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