Sarkari Yojana
Loan For Commercial Pilot Training
About Loan For Commercial Pilot Training
The Tribal Development Department, Government of Gujarat, launched the “Loan For Commercial Pilot Training” scheme to help Scheduled Tribe (ST) students take up professional pilot training through affordable credit. Tribal students can borrow at a concessional interest rate, which lets them obtain quality training and access good jobs.
Scheme Overview
State Government
Individual
Scheme Details
Eligibility Requirements
To qualify for Loan For Commercial Pilot Training, applicants must satisfy the following conditions:
Only residents of Gujarat can apply
Only residents of Gujarat can apply.
The scheme is meant for students
The scheme is meant for students.
Applicants have to be from the Scheduled Tribe…
Applicants have to be from the Scheduled Tribe (ST) category.
Passing Matriculation, Higher Secondary, Indian School Certificate, or…
Passing Matriculation, Higher Secondary, Indian School Certificate, or an equivalent exam is required.
Admission to a recognized commercial pilot training institute…
Admission to a recognized commercial pilot training institute must already be secured.
The Higher Secondary Certificate (HSC) exam must have…
The Higher Secondary Certificate (HSC) exam must have been cleared.
Benefits Provided
Loan For Commercial Pilot Training provides the following benefits to eligible applicants:
Monetary Benefit
Students can borrow up to ₹25,00,000 or the…
Students can borrow up to ₹25,00,000 or the actual training cost, whichever amount is lower. Interest Rate
Interest is charged at 4% per annum
Interest is charged at 4% per annum. Penalty Interest
Late repayments attract 2.5% per annum
Late repayments attract 2.5% per annum. Beneficiary Contribution
The applicant does not have to contribute anything
The applicant does not have to contribute anything. Repayment Terms
Repayments start 1 year from the date the…
Repayments start 1 year from the date the loan is disbursed.
The loan is repaid in 144 monthly installments…
The loan is repaid in 144 monthly installments spread over 12 years.
Of this, 10 years cover the principal and…
Of this, 10 years cover the principal and 2 years cover the interest.
Paying back early is allowed
Paying back early is allowed.
Documents Required
Applicants should keep the following documents ready before starting the application:
Land record 7/12 Certificate
Land record 7/12 Certificate
An Affidavit
An Affidavit
Certificate of Birth
Certificate of Birth
Professional Course Certificate
Professional Course Certificate
Marksheets relevant to the course
Marksheets relevant to the course
Receipt of fees paid
Receipt of fees paid
Applicant's Aadhaar Card
Applicant's Aadhaar Card
Cancelled Cheque/Bank Passbook
Cancelled Cheque/Bank Passbook
Certificate of Caste
Certificate of Caste
A Passport-size Photo
A Passport-size Photo
Family Ration Card
Family Ration Card
Leaving Certificate from School
Leaving Certificate from School
How to Apply
Online Application
Applicants can apply for Loan For Commercial Pilot Training through the online application process outlined below.
Application Process
Registration Process
Go to the official website of the Gujarat Tribal Development Corporation.
Choose "APPLY FOR LOAN".
Pick "Foreign Study" as the scheme name.
Complete the registration form with Full Name (as on Aadhaar Card), Gender, Date of Birth, Aadhaar Number, Mobile Number, User name, login Password, and Confirm Password.
Press "Sign Up".
A User ID and Password are created once registration succeeds.
Application Process
Log in with your User ID, Password, and the Captcha Code.
The schemes relevant to your caste appear after login.
Select the scheme you wish to apply for.
Complete the "Application Form" and upload the documents asked for
Press Save Application, and an Application Number will be generated.
Press Print Application.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.