- Details
- Benefits
- Eligibility
- Application Process
- Documents Required
- Frequently Asked Questions
- Sources And References
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Loan Assistance to Scheduled Castes Students for Commercial Pilot Training
Gujarat
Details
Benefits
- Under this scheme, a loan of ₹25 lakhs is provided at an interest rate of 4% to the eligible candidates.
Eligibility
- The applicant should be a native of Gujarat state.
- The applicant should belong to the Scheduled Caste Category of Gujarat State.
- A candidate seeking to undergo Commercial Pilot License Training must have passed Matriculation or Higher Secondary School Certificate or its equivalent examination and must possess all the academic and technical qualifications required by the institute in which the candidate intends to undergo training for admission to the Commercial Pilot License Training Course.
- The country/abroad institution providing such training should have obtained the conditions laid down for the admission of the trainee and all the necessary documents for such training such as a medical certificate, fitness certificate, etc.
- The institute in which the trainee receives his training abroad must be approved by the government of his country for imparting such training and the commercial pilot license obtained after such training must be accepted in that country, after which the trainee must undergo a legal process of one year to get that license accepted in India.
- The assistance will be sanctioned only after receiving the consent letter from the training institute for admission of the candidate; the trainee will have to submit the cost estimates for his training obtained from that institute.
- If any of the relatives of the candidate desiring to undergo such training are living abroad, the trainees should not be sponsored for financial responsibility by them.
- The applicant shall be free to repay the due amount earlier than the due date.
- If the applicant uses this loan for any other purpose, the loan amount will be recovered from the date of repayment (together with penal interest).
- The beneficiary has to furnish two valid sureties.
Application Process
Documents Required
- Passport-size Photograph
- Aadhaar Card of the applicant
- Proof of Residence (Ration Card/Electricity Bill/License/ Rent Agreement)
- Caste certificate
- Educational qualification Certificates
- School/College leaving Certificate
- Annual total annual income of the family
- Copy of the first page of Bank Passbook/Canceled Check (in applicant's name)
- Valuation certificate of property of surety
- Acknowledgment letter (on fixed stamp of ₹50/-)
- SSC or Marksheets/Certificates of previous studies
- Student's Affidavit
- Eligibility Pattern for Repayment of Loan
- Passport (if training abroad)
- Visa (if training abroad)
- Will serve in India for at least five years after completing training abroad. Submitting a written guarantee to that effect (on stamp paper of ₹100/-)
- Surety bond, Annexure-C
- Any other documents as required
Frequently Asked Questions
When was the scheme initiated?
The scheme was commenced in the year 1987.
What amount of loan is provided under this scheme?
A loan of ₹25 lakhs is provided at an interest rate of 4% to eligible candidates.
What are the eligibility criteria for availing this loan assistance?
The applicant should be a native of Gujarat state and belong to the Scheduled Caste category of Gujarat State.
Can the loan be used for other purposes?
No, the loan should be strictly used for training purposes. Any deviation may result in recovery with penal interest.
Are there any conditions regarding repayment of the loan?
Beneficiaries are free to repay the amount earlier than the due date. However, there are consequences for defaulting on repayments.
Is there any obligation after completing the training?
Yes, beneficiaries must render services in India for a minimum of five years after completing the training. Failure to do so may require repayment of the assistance with interest.
How can one apply for this loan assistance?
Eligible applicants can apply through the e-Samaj Kalyan Portal: https://esamajkalyan.gujarat.gov.in/
What happens if the trainee settles abroad after training?
The entire amount of assistance must be returned to the Government of Gujarat with interest.
How is the rate of exchange determined for trainees undergoing training abroad?
The rate of exchange is fixed by the Reserve Bank of India, and allowances for trainees must also be approved by the Reserve Bank.
How long is the repayment period for the loan?
The loan must be repaid within 10 years, including a two-year grace period for interest repayment.
What is the frequency of loan recovery?
Loan recovery begins after one year from the date of disbursement and follows a monthly installment plan.
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Check Eligibility
Loan Assistance to Scheduled Castes Students for Commercial Pilot Training
Gujarat
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