Orissa government’s loan stipend fund
September 5th, 2007
Orissa government has a loan stipend fund available for higher studies. This loan is available from its higher education department. There is a recent report in New Indian Express regarding it. Following are some excerpts:
The Higher Education Department has proposed to provide study loans to more number of poor and meritorious students pursuing higher studies in Government institutions from the current academic session. A meeting chaired by Higher Education Minister Samir Dey on Tuesday decided to increase the study loan ceiling from Rs 1.20 crore to Rs 2.20 crore.
… The Government had extended loan stipend to 963 students in 2006-07 and 460 students could be extended loan this year. Applications of more students could be considered only if the loan ceiling is increased to Rs 2.20 crore.
The study loan provided to the poor and meritorious students is interest-free and the loanee students should repay the loan within one year of completion of study or within one month of getting employment. However, 10 percent interest is charged for default in repayment, Dey said. The State Government has been extending study loans since 1954 and the number of beneficiaries is 23,445. While the outstanding loan stood at Rs 7.20 crore, the Government has so far realised Rs 63.86 lakh.
A majority of the loanees has simply forgotten that they had taken study loan from the Government, the Minister said adding, certificate cases have been instituted against 5,092 persons
Entry Filed under: Educational Loans, Fellowships and Scholarships, Other Colleges
7 Writeup Add your own
1. Ganesh Nepak | August 2nd, 2008 at 12:41 pm
I wants to take the loan stiphen from goverment, because i passed +2 sc and pursing for higher study for Pharmay in orissa.Pls help me out in this matter and reply how to take the loan within 10 – 15 days because my pharmacy councelling will held on 28/08/08.
2. SUshant | December 22nd, 2008 at 5:20 pm
Hello Sir,
i am sushant, doing M.A. in sociology from DELHI SCHOOL OF ECONOMICS. I need a student stipend loan. Can you please help me the way to get it.Thanks.With best,
sushant
3. Ratikanta Das | March 31st, 2009 at 6:17 pm
I had taken a loan from Orissa loan Stipend fund. I was doing Diploma in Engg & I had taken 16,000 out of Total sanctioned Rs 24,000. Unfortunately I could not complete my studies and right now I’m employed with a private company and I can pay my Loan. I had taken this on 18/03/2003. I do not how to repay it. So pls assist me if you have any
4. Ratikanta Das | March 31st, 2009 at 6:27 pm
Hi I’m Ratikanta Das.As I had told before that I had takena Loaan of Rs 16000 from Orissa Loan Stipend Fund which I want to repay the loan as soon as Possible . So any official who will be accessing this mail pls contact me either through my mail id (ratikant_2008@rediffmail.com)or correspondense addressof my residence(C/o- Dhirendra Kumar Das, At- Birabhadrapur, P.O-Marshaghai, Dist- Kendrapara, Orissa, Pin-754213). Also if Possible give me any of your office contact no or mail a letter in my Residense address. Its very very Urgent.
5. vijay kumar khadia | October 29th, 2009 at 11:42 pm
sir/ madam, may I know when are the application for the loan stipend fund(LSF) are to be released for the current year-2009.
6. Mrutyunjaya Mohanty | November 21st, 2009 at 12:16 am
i want study loan
7. anadi charan sahoo | December 21st, 2009 at 12:24 pm
i want study loan plz guide me
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