Answer: You can get Students Loan to achieve your dreams. Various flying schools have tied up with banks as the cost of pilot training is exorbitant and many interested candidates are from middle-income families. These flying schools also have a tie-up with airlines to provide them with students.
United Aviation, a pilot training school, has tied up with SpiceJet wherein it provides pilots to the airline.
American School of Aviation has an official tie-up with Kingfisher Airlines.
Aerostar Aviation, a Delhi-based flying school has tied up with Flight Safety Academy of USA to help bridge India's pilot shortage.
Bank loans:
Around 45 per cent of the educational loans furnished by Centurion Bank of Punjab in a month are for pilot training.
Many other nationalised banks grant educational loans to pursue commercial pilot training courses, the details of which can be obtained directly from such banks.
For example, State Bank of Bikaner and Jaipur offers a commercial pilot loan, the details of which can be read at this link.
Corporation Bank also offers and Educational Loans for Commercial Pilot Training both within and outside India.
Other banks which offer student loans are State Bank of India, Canara Bank, Syndicate Bank and Punjab National Bank.
You can even get scholarship for becoming a pilot.
The following scholarships are available at and administered through IGRUA, in Rae Bareilly (Uttar Pradesh):
1. Indian Airlines scholarships
Two scholarships of Rs 4,00,000, each given on merit-cum-means basis per batch.
2. Air India scholarships
Two scholarships of Rs 4,00,000, each given on merit-cum-means basis per batch.
3. Rajiv Gandhi Foundation
For two women pilots on merit-cum-means to the extent of Rs 3,00,000 each per batch
visit the following web sites for more scholarship info:
http://www.scholarshipsinindia.com/civil.html
http://tribal.nic.in/cpladvt.pdf
www.scholarshipsindia.com
All the best
CareerAge Counselor
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