Loan for Training of Commercial Pilot (GUEEDC)

DBT (direct benefit transfer): No

Categories: Education & Learning, Banking,Financial Services and Insurance

Sub-categories: Loan, Apprenticeships and training

Target beneficiaries: Individual

Tags: Loan, Education Loan, Commercial Pilot Training

• - Loan Assistance: Up to ₹25,00,000/- at a concessional interest rate of 4% per annum

What is the objective of the "Loan for Training of Commercial Pilot (GUEEDC)" scheme?

The "Loan for Training of Commercial Pilot (GUEEDC)" scheme, initiated by the Social Justice and Empowerment Department, Government of Gujarat, offers financial support to candidates from the Unreserved category. Eligible candidates can avail a loan of up to ₹25,00,000/- at a concessional interest rate of 4% per annum to undergo training for obtaining a Commercial Pilot License (CPL).

Who can apply for the Loan for Training of Commercial Pilot scheme?

Any candidate who belongs to the Unreserved (General) category, has passed the 12th standard (HSC), is a permanent resident of Gujarat, and has secured admission in a recognized commercial pilot training institute is eligible to apply under this scheme. <br> <br>

What is the maximum amount of financial assistance that a candidate can receive under this scheme?

Under this scheme, the Government of Gujarat provides eligible candidates with a loan of up to ₹25,00,000/- to cover the expenses associated with commercial pilot license training. <br> <br>

At what interest rate is the loan offered to the eligible applicants under this scheme?

The loan is provided at a concessional simple interest rate of 4 percent per annum, making it an affordable financial option for aspiring commercial pilots from the Unreserved category. <br> <br>

Is there any income limit specified for the candidate or their family to qualify for this scheme?

No, there is no individual or family income limit specified under this scheme, which means that applicants from all economic backgrounds within the Unreserved category can apply for the loan. <br> <br>

Can candidates from Scheduled Castes (SC), Scheduled Tribes (ST), or Other Backward Classes (OBC) apply for this loan scheme?

No, this scheme is specifically designed for candidates belonging to the Unreserved (General) category, and candidates from other social categories are not eligible to apply. <br> <br>

What is the mode of application for this pilot training loan scheme?

The application process is entirely offline, and interested candidates must obtain and submit the duly filled application form along with all necessary documents to the District Social Welfare Office. <br> <br>

What documents are required to be submitted along with the application form for this loan scheme?

Applicants are required to submit documents such as the income certificate, 12th standard marksheet, school leaving certificate, passport-size photographs, bank passbook or a cancelled cheque, and the fee receipt from the training institute. <br> <br>

Is the loan amount provided under this scheme required to be repaid by the applicant?

Yes, the loan amount provided under this scheme is repayable, and the candidate is obligated to repay the amount with a simple annual interest of 4 percent as per the terms and conditions specified by the department. <br> <br>

Does the scheme impose any age restrictions on applicants seeking financial assistance?

Although the scheme primarily emphasizes educational qualifications and category-based eligibility, applicants are generally expected to be of a suitable age for pilot training as per aviation training norms, though no specific age limit is mentioned in the scheme guidelines.

• https://www.myscheme.gov.in/schemes/ltcpg
• https://mariyojana.gujarat.gov.in/Schemeatoz.aspx
• https://sje.gujarat.gov.in/ddcw/schemes/1496?lang=english

• Guidelines
• Guidelines 2