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: Colleges,Educational Loans,Fellowships and Scholarships
17 Writeup
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
8. Ranju sutar | April 12th, 2010 at 4:11 pm
Hi Sir, I am doing M.pharm in sambalpur(GCP),i want to take study loan in organization,ple suggest me.
9. Snehansu kumar .das | June 22nd, 2010 at 11:17 am
Dear Sir,
I am completed graduation in B.COM in this year. I want to Study Hotel Management so I want study loan please mail me the procedure to get a loan. I am waiting for your feedback.
10. jagannath panda | October 27th, 2010 at 9:07 pm
sir………now i am pursing b.tech in vssut burla and i want to take loan from LSF.please direct me
11. Soumya Siddhartha Mohanty | March 1st, 2011 at 12:55 pm
I have secured an Admission for the ISB MBA PGP Program for the Class that commences April 2011. I am in need of this Loan, and want to avail it. Could you please guide me to the Procedures involved, important datelines or Contacts who may provide the same. Need this info and help urgently.
12. matruprasad jyotiranjan | June 26th, 2011 at 8:39 am
hello sir.this is matruprasad jyotiranjan.i was shortlisted in the year 2209 for loan stipend.i did the required documentation and has sent it to department back after getting it signed by the district magistrate.bt till now havent got any help.its my third year and i am in a urgent need of financial help.help me.
13. Srikanta Sahu | July 25th, 2012 at 5:46 pm
Dear Sir/Madam,
My name is SILA SIBA SANKAR.
I am writing this email to inquire about the process involved in repayment of loan stipend received.
I have received loan stipend from department of higher education of orissa a total of Rs.36,000/- (12,000 per year for the years 2005-2007).
However I haven’t received any mail or information on stipend re-payment procedure.
After my completion of study many times I tried contacting number(0674-2322447) but couldn’t get hold of anybody from your department.
Please note that I was using this number for any inquire during my college days.
Also I dropped a mail to The Department of Higher Education, Govt of Orissa in the year of 2009 but no reply received.
I went to your office personally to contact one of your representative but unfortunately security didn’t allow me to go inside.
I am glad to find your email address on internet. Please help me in understanding the process involved in this stipend repayment.
I look forward hearing from you.
Yours faithfully
Sila Siba Sankar
14. PADMINI SAHOO | September 23rd, 2012 at 12:32 am
Respected sir,
I am padmini sahoo and I am in +2 arts 1st year.sir I am looking for a educational loan for my study .
15. subrat kumar gochhait | October 29th, 2012 at 10:43 am
I have received loan stipend from department of higher education of orissa a total of Rs.36,000/- (12,000 per year for the years 2009-2012).
right now i m working with tcs,i have joined tcs in month of june 2012.
so please kindly guide me the process involved in this stipend repayment.
thanks
subrat kumar Gochhait.
16. Tiki | February 27th, 2013 at 2:26 pm
Hi ,
I heard after 10 year the loan will be recoved by govt from defaulter, is it ture?
17. chiti | February 27th, 2013 at 2:29 pm
Hey Guys,
I took 36K and after 10 years i paid 50k .
So pls repay on time .