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Odisha announces incentives for doctor posts in 4 new medical colleges

Bhubaneswar: Odisha cabinet today approved a proposal to give cash incentives to doctors who take up postings at the 4 new medical colleges. With four new colleges coming up in Koraput, Baripada, Balasore and Bolangir, the cabinet has decided to provide the incentives based on KBK (Korapur-Bolangir-Kalahandi) region postings and non-KBK region postings.

For professors, associate professors and assistant professors taking postings in KBK region will be given cash incentive worth Rs 1.25 Lakh, Rs 1 Lakh, and Rs 50,000 respectively and Rs 35,000, Rs 25,000 and Rs 15,000 respectively for non-KBK region.

Moreover, the Cabinet today also made changes to the loan repayment period under Kalinga Sikhya Sathi Study Loan by giving a relaxation of 90 days in case of default in paying the first instalment after the moratorium period of 5 years. The students will pay an interest of 1% on the loan amount and the rest will be borne by the State government.

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The cabinet also approved the proposal to forego the premium incidental taken by the State government in case of construction of bridges and other infrastructure for the development of railways.

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