Tag: Credit

J&K Bank Cash Credit Scheme (Salaried Employees)

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NAME OF THE PRODUCT

J&K Bank Cash Credit Scheme

PURPOSE

The product is aimed at addressing the cyclic liquidity needs of salaried employees.

ELGIBILITY

Permanent Employees of Central Government, and State Government / Semi-Government Undertakings & Autonomous Bodies drawing salary from our Bank.

CLASSIFICATION

Non-Priority

NATURE OF THE FACILITY / QUANTUM / REPAYMENT

The facility shall be revolving in nature up to 8 years before the age of retirement of the employee*. The drawing power (DP) will thereafter be reduced on borrower’s birthday every year on pro-rata basis by reducing the principal amount so that the facility gets adjusted by 1 year before the age of retirement. The annual reduction can be spread over four quarters.The interest will be serviced by the borrower as and when applied.
Under this scheme, the credit facility can be sanctioned in favor of employees who is nearing his/her date of retirement. However the facility will be sanctioned on drop line limit basis as under:

Remaining Service	Maximum Limit
Up to 8 years	6 times salary credited in the account or Rs. 6.00 Lakh, whichever is lower
7 years	5 times salary credited in the account or Rs. 5.00 Lakh, whichever is lower
6 years	4 times salary credited in the account or Rs. 4.00 Lakh, whichever is lower
5 years	3 times salary credited in the account or Rs. 3.00 Lakh, whichever is lower
4 years	2 times salary credited in the account or Rs. 2.00 Lakh, whichever is lower
3 years	equal to salary credited in the account or Rs. 1.00 Lakh, whichever is lower

Quantum of finance:

Minimum: Rs. 50,000.00
Maximum : 6 times average of previous three month’s salary credited in the account; or Rs. 6, 00,000.00 whichever is lower.

* The scheme is customized for all retirement age brackets that are in vogue in the Government service sector i.e. 60, 62 and 65 years.

REPAYING CAPACITY

Stipulation of minimum take home salary shall not be insisted for this loan scheme, however the Interest outgo/ payable in this loan scheme shall be added to deduction for granting loan (s) under other schemes of the bank.

AGE OF THE APPLICANT

Minimum age of Applicant: 21 years.
Maximum at the time of loan Maturity: One year before the age of retirement.

REPAYING CAPACITY

Stipulation of minimum take home salary of 40% shall not be insisted for this loan scheme, however the Interest outgo/ payable in this loan scheme shall be added to deduction for granting loan (s) under other schemes of the bank.

MARGIN

SECURITY

Primary: NIL
Collateral: NIL

PROCESSING CHARGE

0.25% of the loan amount plus GST,
- Minimum of Rs. 500.00 plus GST.
- Maximum of Rs. 1000.00 plus GST.

RATE OF INTEREST (SUBJECT TO CHANGE)

1 year MCLR+3.50 p.a. fixed Rate of Interest with monthly rests and Annual Reset.

Click here for rate of Interest

PRE-PAYMENT

No penalty on prepayment or / and foreclosure of the loan.

The post J&K Bank Cash Credit Scheme (Salaried Employees) Check Features and Benefits appeared first on Kashmir Publication.

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#Bank #Cash #Credit #Scheme #Salaried #Employees

( With inputs from : kashmirpublication.in )

February 22, 2023

&K Bank Cash Credit Scheme (Salaried Employees)

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NAME OF THE PRODUCT

J&K Bank Cash Credit Scheme

PURPOSE

The product is aimed at addressing the cyclic liquidity needs of salaried employees.

ELGIBILITY

Permanent Employees of Central Government, and State Government / Semi-Government Undertakings & Autonomous Bodies drawing salary from our Bank.

CLASSIFICATION

Non-Priority

NATURE OF THE FACILITY / QUANTUM / REPAYMENT

The facility shall be revolving in nature up to 8 years before the age of retirement of the employee*. The drawing power (DP) will thereafter be reduced on borrower’s birthday every year on pro-rata basis by reducing the principal amount so that the facility gets adjusted by 1 year before the age of retirement. The annual reduction can be spread over four quarters.The interest will be serviced by the borrower as and when applied.
Under this scheme, the credit facility can be sanctioned in favor of employees who is nearing his/her date of retirement. However the facility will be sanctioned on drop line limit basis as under:

Remaining Service	Maximum Limit
Up to 8 years	6 times salary credited in the account or Rs. 6.00 Lakh, whichever is lower
7 years	5 times salary credited in the account or Rs. 5.00 Lakh, whichever is lower
6 years	4 times salary credited in the account or Rs. 4.00 Lakh, whichever is lower
5 years	3 times salary credited in the account or Rs. 3.00 Lakh, whichever is lower
4 years	2 times salary credited in the account or Rs. 2.00 Lakh, whichever is lower
3 years	equal to salary credited in the account or Rs. 1.00 Lakh, whichever is lower

Quantum of finance:

Minimum: Rs. 50,000.00
Maximum : 6 times average of previous three month’s salary credited in the account; or Rs. 6, 00,000.00 whichever is lower.

* The scheme is customized for all retirement age brackets that are in vogue in the Government service sector i.e. 60, 62 and 65 years.

REPAYING CAPACITY

Stipulation of minimum take home salary shall not be insisted for this loan scheme, however the Interest outgo/ payable in this loan scheme shall be added to deduction for granting loan (s) under other schemes of the bank.

AGE OF THE APPLICANT

Minimum age of Applicant: 21 years.
Maximum at the time of loan Maturity: One year before the age of retirement.

REPAYING CAPACITY

Stipulation of minimum take home salary of 40% shall not be insisted for this loan scheme, however the Interest outgo/ payable in this loan scheme shall be added to deduction for granting loan (s) under other schemes of the bank.

MARGIN

SECURITY

Primary: NIL
Collateral: NIL

PROCESSING CHARGE

0.25% of the loan amount plus GST,
- Minimum of Rs. 500.00 plus GST.
- Maximum of Rs. 1000.00 plus GST.

RATE OF INTEREST (SUBJECT TO CHANGE)

1 year MCLR+3.50 p.a. fixed Rate of Interest with monthly rests and Annual Reset.

Click here for rate of Interest

PRE-PAYMENT

No penalty on prepayment or / and foreclosure of the loan.

The post &K Bank Cash Credit Scheme (Salaried Employees) Check Features and Benefits appeared first on Kashmir Publication.

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#Bank #Cash #Credit #Scheme #Salaried #Employees

( With inputs from : kashmirpublication.in )

February 15, 2023

JK Grameen Bank Kissan Credit Card Scheme Check Features

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Purpose:
Kisan Credit Card Scheme aims at providing adequate and timely credit support from the banking system under a single window to the farmers for their cultivation and other needs as indicated below:
a. To meet the short term credit requirements for cultivation of crops.
b. Post harvest expenses.
c. Produce Marketing loan.
d. Consumption requirements of farmer household.
e. Working capital for maintenance of farm assets and activities allied to agriculture, like dairy animals, inland fishery, etc.
f. Investment credit requirement for agriculture and allied activities like pump sets, sprayers, dairy animals etc.

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Eligibility:
i. All Farmers – Individuals/ Joint land holder who are owner cultivators.
ii. Tenant Farmers, Oral Lessees & Share Croppers.
iii. SHGs or Joint Liability Groups of Farmers including tenant farmers, share croppers, etc.
Any farmer possessing land can be issued KCC irrespective of any condition whether he/ she is employee of State/ Central Government/Autonomous bodies.
Fixation of Limit:
The credit limit under the Kisan Credit Card should be fixed as under:

1. Marginal, Small & Other farmers:
1.1 The short term limit to be arrived for the first year: For farmers raising single crop in a year:
Scale of finance for the crop plus insurance premium X Extent of area cultivated + 10% of limit towards post-harvest/ household/ consumption requirements + 20% of limit towards repairs and maintenance expenses of farm assets and estimated Term loan for the tenure of Kisan Credit Card, i.e. five years
1.2 Limit for second & subsequent year:
First year limit for crop cultivation purpose arrived at as above plus 10% of the limit towards cost escalation/ increase in scale of finance for every successive year (2nd, 3rd, 4th and 5th year).
1.3 For farmers raising more than one crop in a year, the limit is to be fixed as above depending upon the crops cultivated as per proposed cropping pattern for the first year and an additional 10% of the limit towards cost escalation/ increase in scale of finance for every successive year (2nd, 3rd, 4th and 5th year). It is assumed that the farmer adopts the same cropping pattern for the remaining four years also. In case the cropping pattern adopted by the farmer is changed in the subsequent year, the limit may be reworked.
1.4 Term loans for investments towards land development, minor irrigation, purchase of farm equipments and allied agricultural activities. The quantum of the credit for term and working capital limit for agricultural and allied activities, etc. based on the unit cost of the asset/s proposed to be acquired by the farmer, the allied activities already being undertaken on the farm, the bank’s judgment on repayment capacity vis-à-vis total loan burden devolving on the farmer, including existing loan obligations.
1.5 The long term loan limit is based on the proposed investments during the five year period and the bank’s perception on the repaying capacity of the farmer.
1.6 Maximum Permissible Limit: The short term loan limit arrived for the 5th year plus the estimated long term loan requirement will be the Maximum Permissible Limit (MPL) and treated as the Kisan Credit Card Limit.
1.7 Fixation of Sub-limits for Marginal, Small & other Farmers:
i. Short term loans and term loans are governed by different interest rates. Besides, at present, short term crop loans are covered under Interest Subvention Scheme/ Prompt Repayment Incentive Scheme. Further, repayment schedule and norms are different for short term and term loans. Hence, in order to have operational and accounting convenience, the card limit is to be bifurcated into separate sub limits for short term cash credit limit and term loans.
ii. Drawing limit for short term cash credit should be fixed based on the cropping pattern and the amounts for crop production, repairs and maintenance of farm assets and consumption may be allowed to be drawn as per the convenience of the farmer. In case the revision of scale of finance for any year exceeds the notional hike of 10% contemplated while fixing the five year limit, a revised draw able limit should be fixed and the farmer be advised about the same. In case such revisions require the card limit itself to be enhanced (4th or 5th year), the same may be done and the farmer be so advised. For term loans, installments may be allowed to be withdrawn based on the nature of investment and repayment schedule drawn as per the economic life of the proposed investments as per the approved schemes of the bank already in vogue. It is to be ensured that at any point of time the total liability should be within the drawing limit of the concerned year.
VALIDITY/ RENEWAL:
i. i. The Kisan Credit Card should be valid for 5 years subject to an annual review/ renewal.
ii. The review/ renewal may result in continuation of the facility, enhancement of the limit or cancellation of the limit/ withdrawal of the facility, depending upon increase in cropping area/ pattern and performance of the borrower.
SECURITY:
For loans up to Rs.1.00 lacs:
Primary: Hypothecation of crop/assets created out of bank loan, other moveable assets and receivables.
Collateral: Nil
For loans above Rs. 1.00 lacs up to Rs. 3.00 lacs:
Primary: Hypothecation of crop/assets created out of bank loan, other moveable assets and receivables.
Collateral:
Third party guarantee of one or two persons ( at the discretion of sanctioning authority) of sound financial net means, acceptable to the bank and good for loan amount.
For loans above Rs.3.00 lacs:
Primary: Hypothecation of crop/assets created out of bank loan, other moveable assets and receivables
Collateral:
a) Registered mortgage of the land valuing (distressed sale value) equivalent to the loan amount.
b) Third party guarantee of two persons of sound financial net means, acceptable to the bank and good for loan amount.
* Conditions Apply
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( With inputs from : kashmirpublication.in )

February 12, 2023
JK Bank Kissan Credit Scheme Check Benefits and Features

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OBJECTIVE
The scheme aims at providing adequate and timely credit support from the banking system to farmers under single window with flexible and simplified procedure, to Animal Husbandry and Fisheries farmers for their short term working capital requirements towards the following activities :-
a. Fisheries: – Fresh water fish/prawn culture (including cold water), brackish water shrimp/fish/crab/ other aquatic organisms culture, fish/shrimp/prawn/crab/other aquatic organisms seed rearing, capture fisheries in fresh water, brackish water and marine and any other state specific fisheries activities.
b. Animal Husbandry: – Milch animal rearing, poultry layer farming, poultry broiler farming, sheep rearing, goat rearing, pig farming, rabbit rearing for wool, and work animals. Any other state specific livestock rearing.
ELIGIBILITY
Dairy::Farmers and Dairy farmers either individual or joint borrower, Joint Liability Groups or Self Help Groups including tenant farmers having owned / rented/ leased sheds
Fishery a. Inland Fisheries and Aquaculture:- i) Fishers, Fish Farmers (individual & groups/ partners/ share croppers/ tenant farmers), Self Help Groups, Joint Liability Groups and women groups.
ii) The beneficiaries must own or lease any fisheries related assets such as ponds, tanks, open water bodies, raceways, hatcheries, rearing units, boats, nets and such other fishing gear as the case may be and possess necessary authorisation/ certification as may be applicable in respective states for fish farming and fishing related activities, and for any other State specific fisheries and allied activities.
b. Marine Fisheries- Beneficiaries listed at above, who own or lease registered fishing vessel/boat, possess necessary fishing license/permission for fishing in estuary and sea, fish farming/Mariculture activities in estuaries and open sea and any other State specific fisheries and allied activities.

SCALE OF FINANCE
The scale of finance for KCC including Animal Husbandry (AH) and Fisheries will be fixed by respective District Level Technical Committee (DLTC) based on local cost worked out on per acre/per unit/per animal/per bird etc basis.

The working capital components in fisheries, under the scale of finance, may include recurring cost towards seed, feed, organic and inorganic fertilizers, lime/other soil conditioners, harvesting and marketing charges, fuel/electricity charges, labour, lease rent (if leased water area) etc. For capture fisheries, working capital may include the cost of fuel, ice, labouring charges, mooring/landing charges etc. may form part of the scale of finance. The working capital components in Animal Husbandry, under the scale of finance, may include recurring cost towards feeding, veterinary aid, labour, water and electricity supply. The maximum period for assessment of working capital requirement may be based on the cash flow statement or completion of one production cycle.
PROCESSIN CHARGES
Upto Rs.5.00 lakhs Nil
From Rs.5.00 lakhs to Rs.10.00 lakhs 0.10% of Limit
Above Rs.10.00 lakhs 0.25% of Limit
CIBIL and CRIF charges shall be recovered upfront from all prospective borrowers/ guarantors/ Mortgagors at the time of extraction of Credit Information report (CIR) in accordance with Bank’s Policy on Credit Information Management – Utilization of Credit Information Services as amended from time to time.
RATE OF INTEREST (SUBJECT TO CHANGE)
At present, rate of interest up to Rs 2.00 lakhs (in case of new applicants
of KCC AH&F) OR up to Rs 3.00 Lakhs (in case of aggregate KCC Limit) per farmer will be @7% p.a. (fixed) as per the Government of India (GoI) directives. It is subject to GoI providing 2% p.a., interest subvention to Bank on such advances.
Note: As per KCC AH&F Scheme Interest subvention will be available upto Rs 2.00 lakhs in case of new applicants of KCC AH&F & upto Rs 3.00 lakhs (in aggregate) in case of borrowers having existing KCC-Crop Loan. Any loan amount exceeding the said limits shall carry normal Rate of Interest.
REPAYMENT
The KCC-Animal Husbandry & Fishery limit is revolving cash credit facility
Borrowers are required to route their sale proceeds or other credits into the KCC-Animal Husbandry & Fishery account, with a minimum of loan amount plus interest and other charges, if any within the repayment due dates.
The post JK Bank Kissan Credit Scheme Check Benefits and Features appeared first on Kashmir Publication.
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( With inputs from : kashmirpublication.in )

February 8, 2023
WildHorn Brown RFID Blocking Leather Wallet for Men I Ultra Strong Stitching I 6 Credit Card Slots I 2 Currency Compartments I 1 Coin Pocket

Price: [price_with_discount]
(as of [price_update_date] – Details)

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This is high-quality classic genuine leather wallet from wildhorn.The multiple compartments help keep everything you need organized and secure while looking chic and sophisticated. Hand stitched, dyed and aged to last a lifetime this classic wallet will show your style every time you pull it out. Stay elegantly well-organized with all your smallest, most valuable personal and financial items neatly stashed in this wallet. This smooth, rich, supple and luxurious leather wallet contains a full-length, cash compartment, multiple credit card slot, and slip pocket. It is perfect for holding receipts, and its exclusive design ensures a comfortable fit in any pocket. This wallet has been made out of top grain leather and it’s a natural thing where colour variation is never under control. Material care: dry clean only. If leather gets too wet, dry it slowly. Speed drying leather changes its chemical structure and you end up with stiff crinkle cut chaos. So aim for room temperature drying with gentle air rather than direct heater time with a hair-dryer. And keep it in the shape you want it to end up, as leather will remember the shape it was when wet. Slim feel: without bulky, it slides into your pocket effortlessly and fits comfortably. Gift boxed: it will be presented in an appealing gift box, making it as an ideal gift. Dimensions: lxhxb_12x10x2 cm. 100% customer satisfaction. Fast and secure way of delivery. If leather gets too wet: Dry it slowly. Speed drying leather changes its chemical structure and you end up with stiff crinkle cut chaos. So aim for room temperature drying with gentle air rather than direct heater time with a hair-dryer. And keep it in the shape you want it to end up, as leather will remember the shape it was when wet.
Is Discontinued By Manufacturer ‏ : ‎ No
Product Dimensions ‏ : ‎ 11.5 x 9.3 x 1 cm; 140 Grams
Date First Available ‏ : ‎ 1 June 2017
Manufacturer ‏ : ‎ ADL International
ASIN ‏ : ‎ B07C3VH84K
Item model number ‏ : ‎ WH2052
Country of Origin ‏ : ‎ India
Department ‏ : ‎ Men
Manufacturer ‏ : ‎ ADL International, ADL International, 61/H G.J.Khan Road, Topsia, Kolkata-700039
Packer ‏ : ‎ ADL International, 61/H G.J.Khan Road, Topsia, Kolkata-700039
Item Weight ‏ : ‎ 140 g
Item Dimensions LxWxH ‏ : ‎ 11.5 x 9.3 x 1 Centimeters
Net Quantity ‏ : ‎ 1 count
Included Components ‏ : ‎ WildHornÂ® RFID Protected Genuine High Quality Leather Wallet for Men(BROWN)
Generic Name ‏ : ‎ LEATHER WALLET
LEATHER: A man’s wallet should be contemporary, masculine and durable. Crafted with top grained genuine leather, Tough stitching.Hand Made by professional artisans, beautifully crafted wallet that will only get better with age. This WildHorn wallets looks great, offers a slim, lightweight design, and goes great with jeans or a suit.
GIFTING HAPPINESS: GIFT BOXED: It will be presented in an appealing gift box, making it as a ideal gift. Gifting is known to be one of the five languages of love. There is no individual in this world who does not feel the love and affection of the sender when they receive a gift.
PREMIUM FUNCTIONALITY: Men’s classic wallet with 8 card slots, 2 hidden card slot, 1 leather framed ID window and 2 Note compartment. Extra capacity leather slim fold wallets and perfect front pocket wallets.Top quality and luxury slim wallets!; SATISFACTION GUARANTEE: We know you’ll love our wallet, that’s why if you aren’t 100% satisfied we will provide you with a repay or a replacement – which ever you prefer. Buy more for your friends and family.
Pocket Description: Coin Pocket

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#WildHorn #Brown #RFID #Blocking #Leather #Wallet #Men #Ultra #Strong #Stitching #Credit #Card #Slots #Currency #Compartments #Coin #Pocket

February 1, 2023
J&K Bank Kissan Credit Scheme Check Features and Benefits

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To provide adequate and timely credit to farmers under single window, with flexible and simplified procedure, adopting whole farm approach, including the short-term credit, medium term and long term credit needs of the borrowers for agriculture and allied activities and a reasonable component for consumption needs as indicated below:-
Short Term Credit Limit:
• To meet the short term credit requirements for cultivation of crops
• Post harvest expenses
• Produce marketing loan
• Consumption requirements of farmers household.
• Working capital for maintenance of farm assets and activities allied to agriculture, like dairy animals, inland fishery etc.
Long Term Credit:
• Investment credit requirement for agriculture and allied activities like pump sets, sprayers, tillers, agri implements, dairy animals, sheep, poultry etc.
KCC Scheme also includes the crop loans under Apple Advance Scheme
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#Bank #Kissan #Credit #Scheme #Check #Features #Benefits
( With inputs from : kashmirpublication.in )

January 31, 2023
Result Gazette Of 4th Semester, Choice Based Credit System (CBCS)- Download Here – Kashmir News
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Result Gazette Of 4th Semester, Choice Based Credit System (CBCS)- Download Here
University Of Jammu
Choice Based Credit System (CBCS)
Result Gazette Of 4th Semester
Date of declaration: 20th January 2023
Result also available on Website : www.coeju.com
CLICK ON THE BELOW LINK TO DOWNLOAD FULL PDF RESULT:
CLICK HERE: DOWNLOAD FULL PDF RESULT
ALSO READ: JKSSB Releases Provisional Selection List For Various posts- Check District Wise List
ALSO READ: J&K Bank Announces Personal Consumption Loan Scheme – Know Details

ALSO READ: All Big Encroachers Including Hoteliers Identified Across Jammu & Kashmir For Eviction Drive, Know Names Here
CLICK ON THE BELOW PROVIDED LINKS TO FOLLOW KASHMIR NEWS ON:

Post Views: 326
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#Result #Gazette #4th #Semester #Choice #Based #Credit #System #CBCS #Download #Kashmir #News
( With inputs from : kashmirnews.in )
January 20, 2023