Loan For Commercial Pilot Training
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.
About This Scheme
Benefits
Monetary Benefit
₹25.0 L
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.
Eligibility
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Required Documents
- ✦7/12 Certificate
- ✦Affidavit
- ✦Birth Certificate
- ✦Certificate of Professional Course
- ✦Relevant Marksheets
- ✦Fees Receipt
- ✦Aadhaar Card
- ✦Bank Passbook/Cancelled Cheque
- ✦Caste Certificate
- ✦Passport-size Photo
- ✦Ration Card
- ✦School Leaving Certificate
✦ Required ◦ Optional
How to Apply
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 disp
Quick Info
- Level
- Central Government
- Max benefit
- ₹25.0 L