How to get scholarship for Aviation Education in India

Rajkumar Rajamurugan 7 months ago

Studying Aviation in India can be a significant financial commitment. However, there are 3 best ways to manage the expenses to make your dream of becoming a pilot or aviation professional

1. Scholarships and Grants

Several organizations offer scholarships for students pursuing aviation studies in India. These can significantly reduce the financial burden. Some notable institutes include:

Indira Gandhi Institute of Aeronautics Scholarships: Offers merit-based scholarships for the below positions.

Position	Eligibility	Expected Salary	Age Limit
Air Hostess (Only Female)	10+2/ Above from recognized Board	Rs. 25,000 - Rs. 40,000	17.5 - 27 years
Flight Steward (Only Male)	10+2/ Above from recognized Board	Rs. 25,000 - Rs. 40,000	17.5 - 27 years
Airport Ground Staff	10+2/ Above from recognized Board	Rs. 25,000 – Rs.35,000	17.5 - 30 years
Air Ticketing (Reservation Clerk)	10+2/ Above from recognized Board	Rs. 20,000 – Rs.25,000	17.5 - 30 years

Students requiring scholarship should appear for an online exam which consists of 100 questions that carry 1 mark each, exams will be conducted in English language. An exam fee of Rs.299 should be paid for attempting this scholarship exam.

Please find the exam breakdown below

Mode of Exam	Description	Marks	Time	Marks
Online Exam	General Awareness	25	90 Mins	100
	Aviation Knowledge	25
	English Knowledge	25
	Aptitude & Reasoning	25

Candidates who qualify in the online test will have to appear for a personal level interview at Delhi in the office

2. Bank Loan for Education

Many banks and financial institutions in India provide education loans specifically for students studying in aviation colleges.

Criteria	Values
Maximum Loan Limit	Rs.1.5 Crores (With Collateral)
Interest Rates	10.25% to 13.05% PA
Repayment Period	15 Years
Moratorium Period	Course Duration + 6 Months

PNB Bank

Punjab National Bank’s education loan scheme called ‘PNB Udaan’ offers student loans for students for pilot training in India.

Security

Upto Rs. 7.50 lacs: Parent(s)/guardian be made joint borrower (s). No tangible Security and 3rd party guarantee is required.
Above Rs.7.50 lacs: Parent(s)/guardian be joint borrower(s).Tangible collateral security of suitable value acceptable to bank.

Bank Of Baroda

Bank Of Baroda provides loans for pilot training under the scheme called ‘Baroda Gyan’, you can borrow up to Rs.1.5 Crores from interest rates ranging from 10.25% to 13.05% PA. No processing fee or Security up to Rs.7.50 lacs.

3. Government Scholarship

Some state governments in India offer scholarships for students pursuing professional courses, including pilot training. For example:

Maharashtra State Government Scholarships: For students from economically weaker sections pursuing aviation courses.
Kerala State Government Scholarships: Financial assistance for students enrolled in aviation training programs. Please refer to this article forfurther details