(a)The Government shall on the recommendation of the Committee settle the subject or subjects for the study of which loan shall be granted during the year. The State Government may invite applications for loans in prescribed forms in the Schedule 'A' annexed hereto by public advertisement in Press.(b)(i)Loan shall be granted from the Fund for higher studies in Engineering, Technical Education and Post Graduate studies in Science and Humanities both inside and outside the State.(ii)No loan shall be granted from the Fund for study outside the State in subjects for which facilities are available within the State.(iii)Highly meritorious and brilliant students may. be allowed the facility of loan stipend in any reputed Universities in India for higher studies respectively of whether any of the Universities of Orissa offers the subjects.Note. - A student having constantly a good career having secured 1st class throughout will be considered as exceptionally brilliant for this purpose.(iv)Students who have come out successful in All India Competitive Tests relating to the Engineering subjects and by virtue of that have been admitted into their respective institution shall be eligible for loan stipend.(v)Students who have secured admission in the institution outside the State against the seats reserved for Orissa State and have requisite percentage of marks fixed for Engineering and technological course shall be eligible for loan stipend.(vi)Scheduled Caste, Scheduled Tribe and women candidates may be given relaxation in the percentage of marks for studies in all subjects except Post-graduate studies in Science and Humanities to be decided by Government from time to time.(vii)Students reading both B.Sc. (Ag.) and M. Sc. (Ag.) relaxation up to 5% on the prescribed percentage of marks may be made if the student belongs to a small farmer's family.Note. - A small farmer is one who has 5 acres of laid or less in his possession.(viii)Government may also relax the above conditions for grant of loan stipend from time to time, if necessary.(c)Loan stipends will not, however, be admissible to those who after being employed join Post-Graduate studies. Medical students desirous of higher specialisation even after P. G. studies may be granted loan stipend if they have brilliant academic career.
