Loan For Commercial Pilot Training
in Gujarat
Last updated:
Loan For Commercial Pilot Training in Gujarat
Loan For Commercial Pilot Training is a government scheme available to eligible residents of Gujarat.
Apply for Loan For Commercial Pilot Training in Gujarat
Scheme Overview
The scheme aims to offer affordable loans of up to ₹25,00,000 at a 4% annual interest rate to tribal students who want to pursue pilot training.
Eligibility Criteria
The applicant must be a resident of Gujarat.
The applicant must be a student.
The applicant must belong to the Scheduled Tribe (ST) category.
The applicant must have passed Matriculation, Higher Secondary, Indian School Certificate, or an equivalent examination.
The applicant must have secured admission to a recognized commercial pilot training institute.
The applicant should have passed Higher Secondary Certificate (HSC).
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Benefits
Monetary Benefit
Loan of up to ₹25,00,000 or the actual cost of training, whichever is lower.
Interest Rate
4% per annum.
Penalty Interest
2.5% per annum on delayed repayments.
Beneficiary Contribution
No contribution is required from the applicant.
Repayment Terms
Repayment begins 1 year after the loan disbursement date.
Repayment period is 144 monthly installments (12 years).
Includes 10 years for principal repayment and 2 years for interest repayment.
Early repayment is permitted.
Required Documents
| # | Document |
|---|---|
| 1 | 7/12 Certificate |
| 2 | Affidavit |
| 3 | Birth Certificate |
| 4 | Certificate of Professional Course |
| 5 | Relevant Marksheets |
| 6 | Fees Receipt |
| 7 | Aadhaar Card |
| 8 | Bank Passbook/Cancelled Cheque |
| 9 | Caste Certificate |
| 10 | Passport-size Photo |
| 11 | Ration Card |
| 12 | School Leaving Certificate |
How to Apply in Gujarat
Visit the Gujarat Tribal Development Corporation official website. Click on the "APPLY FOR LOAN". Select the scheme name "Foreign Study". Fill the registration form: Full Name (as per Aadhaar Card), Gender, Date of Birth, Aadhaar Number, Mobile Nu…
Online Visit the Gujarat Tribal Development Corporation official website. Click on the "APPLY FOR LOAN". Select the scheme name "Foreign Study". Fill the registration form: Full Name (as per Aadhaar Card), Gender, Date of Birth, Aadhaar Number, Mobile Number, Uder name, Password for login, Confirm Password. Click on the "Sign Up. After successful registration, User ID and Password will be generated. Enter User ID, Password, and Captcha Code. After login, schemes applicable to your caste will be displayed. Click on the scheme you want to apply for. Fill the "Application Form" and upload the required documents Click Save Application. The system will generate an Application Number. Click Print Application.
Common questions in Gujarat
Who can apply for Loan For Commercial Pilot Training in Gujarat?
Eligible residents of Gujarat who meet the scheme’s overall criteria can apply for Loan For Commercial Pilot Training. Refer to the eligibility section above for the complete checklist.
What documents are required for Loan For Commercial Pilot Training in Gujarat?
Applicants in Gujarat typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
Frequently Asked Questions
Only Scheduled Tribe (ST) students of Gujarat who have secured admission to a recognized pilot training institute. <br>