Loan assistance to Scheduled Caste students for pilot training.

Ministry of Education, Gujarat


Description

Under this scheme, Loan is given to Scheduled Caste students for pilot training.

Objective

To get the Scheduled Caste students trained and prepare as Pilots.

Eligibility

No income limit.

Student should have passed SSC pass or more.

Beneficiaries

Benefits

Pattern of Assistance:

Rs. 25 lakhs as loan at the rate of interest at 4% p.a. Conditions:

  1. Loan repayment commences after one year from the date of disbursement of the loan amount.
  2. Loan is to be repaid within 10 years by equal monthly installments and if so desired by the candidate, in quarterly installments with prior intimation.
  3. After repayment of entire loan amount, the interest payable thereon shall also be paid in the same fashion.
  4. Penal interest at the rate of 2.5% shall be charged on default of repayment of loan regularly.
  5. In case of default in repayment of installments including penal interest, all overdue amounts recoverable with other expenses shall be recovered through Revenue Recovery procedure.

How To Apply

Sponsored By

State

Ministry

Department of Social Justice & Empowerment, Gujarat

Date of Launch

Valid Upto

Status

Active

Sector

Education



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