#### ILLUSTRATIVE COMPARISION BETWEEN C.S.I.S AND KSSY

Sl# | FEATURE | CENTRAL SCHEME FOR INTEREST SUBSIDY (without dovetailing of KSSY) | KALINGA SIKHYA SATHI YOJANA (with dovetailing of CSIS) |
---|---|---|---|

1 | COURSES | Professional courses in UGC/AICTE recognised Institutions | Same as in CSIS |

2 | ELIGIBILITY | Upto annual income of Rs 4.5 lakh | Upto annual income of Rs 6 lakh |

3 | REPAYMENT PERIOD | UPTO 15 YEARS EXCLUDING MORATORIUM PERIOD |
i) FOR LOANS UPTO RS. 7.5 LAKH, 10 YEARS ( INCLUSIVE OF MORATORIUM PERIOD) ii) For loans upto Rs 10 lakh, 15 years ( inclusive of moratorium period) |

4 | INTEREST RATE | ZERO during the moratorium period, followed by CARD rate of interest for 15 years. | ZERO during the moratorium period , followed by 1 % per year for five years |

5 | TYPICAL CACULATION OF REPAYMENT LIABILITY PER RS.1 LAKH LOAN uptoRs 7.5 lakh | EMI for 60 months = 0 EMI FOR NEXT 180 months @ Rs.1,075 TOTAL INTEREST AND PRINCIPAL LIABILITY FOR THE STUDENT: Rs 1,93,429 (in respect of each Rs 1 lakh borrowed) (EMI is calculated by taking interest rate as 10% . It may vary as per interest rate). |
EMI FOR 60 MONTHS = 0 * EMI FOR NEXT 60 MONTHS @ RS. 1,709 TOTAL INTEREST AND PRINCIPAL LIABILITY FOR THE STUDENT: Rs.1,02,562 (in respect of each Rs 1 lakh borrowed) (EMI is calculated by taking interest rate as 10% . It may vary as per interest rate). Saving to student for each Rs.1 lakh loan= Rs.90,867/- |

6 | TYPICAL CALCULATION OF REPAYMENT LIABILITY FOR LOAN OF RS TEN LAKH | EMI FOR 60 MONTHS = 0 EMI FOR NEXT 180 MONTHS @ Rs. 10,750 TOTAL LIABILITY FOR STUDENT: Rs. 19,34,290 (EMI is calculated by taking interest as 10.75% . It may vary as per interest rate). |
EMI FOR 60 MONTHS = 0 EMI FOR NEXT 120 MONTHS @ Rs. 8,760 TOTAL LIABILITY FOR STUDENT: Rs. 10,51,249 (EMI is calculated by taking interest rate as 10.75% . It may vary as per interest rate). Saving to student for a Rs.10 lakh loan = Rs.8,83,041/- |

• Under KSSY, for family income upto Rs.4.5 lakh, interest subsidy during moratorium period is met from GOI as per CSIS, while the interest subvention beyond the period is met fully by the Govt. of Odisha.

• Under KSSY, for family income between Rs.4.5 lakhs to Rs.6.00 lakhs, the interest subsidy for the entire period of loan is met fully by the Govt. of Odisha.

i. Saving to student for each Rs.1.00 lakh loan (upto loan of Rs.7.5 lakhs) = Rs.90,867/- + Interest cost during the period of moratorium.

ii. Saving to student for Rs.10.00 lakh loan (for loans from 7.5 lakhs to 10.00 lakhs) = Rs.8,83,041/- + Interest cost during the period of moratorium.