PAY AFTER PLACEMENT – TERMS (CLP PROGRAM)
1. Program Overview
- Program Name: Career Launchpad Program (CLP)
- Duration: 60 business days (includes structured training + placement phase)
- Job Guarantee: 100% placement assurance for eligible candidates
- Salary Range: ₹2.2 – ₹3.8 LPA (CTC)
- Format: Online/Hybrid – full-time employment roles through GOCINQ partner companies
2. Fee Structure & Timeline
| Component | Amount (Incl. 18% GST) | When Payable |
|---|---|---|
| Enrolment Fee | ₹5,000 | At registration (refundable only if not placed) |
| Selection Fee | ₹25,000 | Post selection confirmation email |
| EMI (Post Offer) | ₹10,000 x 9 = ₹90,000 | After joining and first salary via E-NACH |
3. KYC & Surety Requirements
- Candidate KYC: Aadhaar, PAN, education certificates, address proof
- Surety Holders (2 Required):
- One must be a family member
- Second may be from family or outside
- One of the two must be a salaried employee earning at least ₹25,000/month
- Must submit:
- 3 months payslips
- 3 months bank statements
- Full KYC documents
- Must submit:
- Both sureties are jointly liable for repayment enforcement
4. Payment Recovery, Consent, and Penalty Terms
- Default Clause:
- In case of missed EMI or bounced payments, GOCINQ will:
- Retry E-NACH
- Contact the candidate and both sureties
- Initiate legal recovery
- By signing this agreement: Candidate and sureties explicitly agree and give written consent that in the event of default, GOCINQ may initiate recovery of up to 3X the total amount payable (up to ₹3,60,000), as liquidated damages and penalty.
- In case of missed EMI or bounced payments, GOCINQ will:
- Consent Clause:
- Candidate and sureties:
- Authorize GOCINQ to recover dues through legal remedies, credit recovery agencies, or court orders
- Confirm that the terms and implications were explained clearly in a language they understand
- Sign voluntarily and without coercion
- Candidate and sureties:
5. Background Verification & Simulated Experience Support
GOCINQ may provide candidates with simulated project-based work experience, covering a duration of 6 months to 2 years, based on training completion and internal assessments.
These experience documents are supported by GOCINQ’s background verification and company interface team, enabling smooth employment transitions.
- This experience is based on real-time projects or simulations
- GOCINQ may assist with background verification and HR validations to ensure successful onboarding
- Agree not to misuse, modify, or misrepresent these documents independently or for unauthorized purposes
6. Disqualifying Behaviors (Forfeiture & Full Fee Liability)
Candidate loses all refund or EMI leniency if they:
- Reject the first job offer via GOCINQ
- Apply for or attend external interviews during the program
- Fail to pay ₹25,000 after selection confirmation
- Submit false education, identity, or financial documents
- Voluntarily drop out of the program
7. Refund Policy
- ₹5,000 enrolment fee refundable only if:
- Training and placement phase completed
- No job offer is received within 60 business days
- ₹25,000 and ₹90,000 are non-refundable under all circumstances once the respective conditions are met
- Refund request must be made as per the policy after the 60-day placement period ends
8. Legal Enforcement & Jurisdiction
- Jurisdiction: Hyderabad, Telangana
- Dispute Resolution: Arbitration preferred before civil proceedings
- Laws Applicable: Indian Contract Act, Consumer Protection Act, IT Act, Negotiable Instruments Act